Title
The Board of Liquidators vs. Heirs of Kalaw
Case
G.R. No. L-18805
Decision Date
Aug 14, 1967
NACOCO sued board members for losses from copra contracts after typhoons disrupted production. Court ruled no negligence, losses due to force majeure.

Case Summary (G.R. No. L-18805)

Survival of Action Against Deceased Officials

Heirs of Kalaw and Garcia contended that claims arising from contract must be presented in estate proceedings. The Court distinguished tortious claims from contractual claims: tort actions “to recover damages for injury to person or property” survive against executors or administrators (Rule 88), whereas contractual money claims abate if not filed in estate proceedings (Rule 87). Since the suit alleges negligence and breach of trust, it survives against the heirs.

General Manager’s Implied Authority

Although by-laws required board approval for contracts, Kalaw—a general manager with plenary management duties—had implied power to execute ordinary business contracts, including forward sales of copra. Forward sales were routine in the copra trade to stabilize producer prices, ensure quick turn-over, and minimize middlemen margins. Prior to the disputed contracts, Kalaw had executed over 60 forward sales contracts in FY 1946–47, generating substantial profits and earning board commendation. Directors knew of and acquiesced in Kalaw’s practice. Under corporate usage and prior board conduct, his contracts bound NACOCO despite lack of formal prior approval.

Ratification of Contracts by the Directorate

On January 30, 1948, newly constituted board—fully aware of impending losses—unanimously ratified the disputed contracts. Ratification “relates back” and equates to original authority. Under Civil Code (old Art. 1313; new Art. 1396) and corporate law principles, corporate confirmation cures prior defects, rendering the contracts valid from inception.

Absence of Bad Faith or Breach of Trust

Plaintiff alleged that directors acted in bad faith or breach of trust by approving loss-making contracts. The Court emphasized that bad faith requires “dishonest purpose,” moral obliquity, conscious wrong, or self-interest. Here, board members honestly believed Kalaw had authority; previous profitable contracts had enhanced corporate prestige; no personal gain or fraud was alleged or proved. Directors acted to protect corporate reputation and ensure equity to Kalaw, not for ulterior motives.

Force Majeure and Damnum Absque Injuria

The four 1947 typhoons devastated coconut regions, disrupted production, destroyed facilities,

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