Filinvest Credit Corp. vs. Phil. Acetylene Co., Inc. No. L-50449 Plaintiff-appellee: FILINVEST CREDIT COROR!TION Defendant-appellant: "ILIINE !CETEL#NE, CO., INC. Ponente: D$ Ca%&ro, J.
January 30, 1962
D!TION IN !#'ENT Facts: -
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O(&o)$r 30, 19*1+ $$nan& ur(/a%$ ro on$ !$an$r L &/ (orr$%onn $$ o %a$7 a o&or 8$/($ C/$8ro$&, 1969 o$7 or 55,24*.0 &/ on ay$n& o 20,000.00 an &/$ )aan($ o 35,24*.0 &o )$ a a% oo% ro%%ory no&$7+ !& a on&/y n%&a$n& o 1,036.*0 or 34 o%, u$ an aya)$ on &/$ r%& ay o o o
$a(/ on&/ ro D$($)$r 19*1 &o S$&$)$r 19*4. 12: n&$r$%& $r annu on $a(/ una n%&a$n& ; a&&orn$y<% $$% $=u8a$n& &o 25:
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o &/$ &o&a o &/$ ou&%&ann una aoun&. !% a %$(ur&y or ay$n&, $$nan& $$(u&$ a (/a&&$ or&a$ o8$r &/$ %a$ o&or
8$/($ n a8or o !$an$r L. No8$)$r 2, 19*1+ !$an$r L a%%n$ &o Fn8$%& Fnan($ Corora&on a /% r/&%, &&$ an n&$r$%&% n &/$ %a ro%%ory no&$ )y 8r&u$ o a D$$ o !%%n$n&. Con%$=u$n&y, &/rou/ a $r$r, %a (orora&on a%%n$ &o an& n$ (orora&on r$%u&n ro $r$7 a &/$ r/&% &o &/$ ro%%ory no&$ an (/a&&$ or&a$. D$$nan& $au&$ n &/$ ay$n& o 9 %u(($%%8$ n%&a$n&%. an& &/$n %$n& a $an $&&$r %ayn &/a& $$nan& %/ou $&/$r >r$& &/$ aor$%a aoun& n u n a&on &o %&ua&$ n&$r$%& an (/ar$% or r$&urn &/$ or&a$ ro$r&y?@ D$$nan& (/o%$ &o r$&urn &/$ or&a$ ro$r&y, ro$r&y, &/ (orr$%onn o(u$n& Voluntary Surrender with Special Power of Attorney to Sell . !r 4+ 19*3+ an& ro&$ &o $$nan& %ayn &/a& &/$y (anno& %$ &/$ ro$r&y %n($ &/$r$ $r$ una &a$% on &/$ %a 8$/($ aoun&n &o *0,122.00. T/$ or$r &/$n r$=u$%&$ &/a& &/$ a&&$r ua&$ &% a((oun& )y paying the installments installments in arrears arrears + accruing interest interest on on or )$or$ !r 9, 19*3. an& o$r$ &o r$&urn &/$ 8$/($ &o $$nan&, )u& $$nan& r$u%$. an& &/$n n%&&u&$ an a(&on or (o$(&on o a %u o on$y &/ aa$% n &/$ CFI o 'ana on S$&$)$r 14, 19*3. In &% an%$r, $$nan& a8$r% &/a& an& /a% no (au%$ o a(&on %n($ &% o)a&on &oar% &/$ an& a% $&nu%/$ /$n & r$&urn$ &/$ 8$/($ &o &/$ a&&$r, n (oan($ &/ &/$ $an $&&$r. !%%un aru$no &/a& %a r$&urn no& $&nu%/ &/$ o)a&on, $$nan& a% %& Au%&$ n r$u%n )$(au%$ !$an$r !$an$r L uror&$y (o&&$ a )r$a(/ o arran&y. CFI o 'ana $(%on+ 1. D$$nan& ay an& &/$ ou&%&ann una o)a&on &/ &/$ n&$r$%&B 2. an& &o $8$r &o $$nan& an or &/$ a&&$r &o a(($&7 &/$ o&or 8$/($. In %/or&, CFI ru$ n a8or o an&. On a$a, C! $&$rn$ &/a& /a& &/$ (a%$ n%&&u&$ a% a ur$ =u$%&on o a, %o &ran%$rr$ &o SC.
Issues/Held:
oN &/$ r$&urn o &/$ or&a$ 8$/($ &o &/$ an& $&nu%/$ &/$ o)a&onNO -
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D$$nan&+ (on%&ru$ &/$ r$&urn an a(($&an($ )y an& o &/$ or&a$ 8$/($ a% dation or dacion en pago /(/, a((orn &o $$nan&, a$ &/$ an& &/$ on$r o 8$/($. SC+ T/$ $r$ r$&urn o &/$ or&a$ 8$/($ &o &/$ an& o$% no& (on%&&u&$ a&on n ay$n& in the absence of the expressed or implied true intention of the parties. 'anr$%a+ Da&on &/$ &ran%%%on o &/$ on$r%/ o a &/n )y $)&or &o (r$&or a% o o
an a(($&$ $=u8a$n& o &/$ $roran($ o an o)a&on. In a&on, &/$ (r$&or % r$ay buying &/$ &/n or ro$r&y o $)&or, ay$n& or /(/
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% &o )$ (/ar$ aan%& &/$ $)&or<% $)& $)& ur(/a%$ r($7. !% %u(/, &/$ $%%$n&a $$$n&% o %a$ (on%$n&, o)A$(& ($r&an an (au%$ or
(on%$ra&on7 u%& )$ r$%$n&. E8$n($ a$ &o %/o &/a& an& consented or n&$n$ &/a& &/$ $r$ $8$ry o &/$ ro$r&y ou )$ (on%&ru$ a% a(&ua ay$n& or dation in payment . o For $a$, &/$ an& /& /a8$ Au%& an&$ &o %$(ur$ &/$ o%%$%%on o &/$ or&a$. In &/$ a)%$n($ o ($ar (on%$n& o a$$$, $r$ $8$ry an a(($&an($ o %u(/ (anno& )$ (on%$r$ a% a&on. ! (o%$ oo a& &/$ o(u$n& Voluntary Surrender with Special Power of Attorney to Sell r$8$a% &/a& &/$ an&, n $%%$n($, a% ony a $r$ a$n& n %$n &/$ 8$/($, an &/a& &/$ on$r a% %& &/$ $$nan&. T/$ or&a$ o&or 8$/($ a% $8$r$ not a% &/$ ro$r&y o an&, or & $r$, &/$ a&&$r ou /a8$ /a &/$ u o$r o %o%&on o8$r &, not just an authority to sell . No/$r$ n &/$ o(u$n& a% & $%&a)%/$ &/a& &/$ $r$ %urr$n$r o &/$ 8$/($ $&nu%/$ &/$ o)a&on o &/$ $$nan&. !ru$n& o $%&o$ &/$n on<& ro%$rB an& n$8$r a(($&$ &/$ or&a$ n u %a&%a(&on o &/$ o)a&on. T/% $an% &/a& an& % arran&$ n $ann ay$n& o &/$ una o)a&on.
oN &/$ a)&y or &/$ una &a$% % %/&$ &o &/$ an& )$(au%$ & %&$$ n&o &/$ %/o$% o !$an$r L, /o &/$ $$nan& a((u%$ o )r$a(/ o (on&ra(&7NO -
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T/$r$ % a ro8%on n &/$ D$$ o !%%n$n& )$&$$n !$an$r L an an& /(/ %&a&$% &/a& >if there are such counterclaims, offsets or defenses that may be interposed by the debtor at the time of assignment, such (counterclaims, offsets or defenses shall not prejudice the !"#"$V%S& !"$A$'% ')P)A&"$ and " (Alexander #im further warrant and hold the said corporation free and harmless from any such claims*that may be aailed of. @ an& % a% r$$ a% a )u&&$ry. !%o, &/$ SC no&$ &/a& una &a$% ar$ )ur$n on &/$ ro$r&y. Sn($ &$(/n(ay $$nan& % %& &/$ on$r o &/$ 8$/($, & a% uon & &o ay or %u(/no& &/ou& r$$y un$r &/$ a, )u& ($r&any no& aan%& an&.
Jud!ent Affir!ed
