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La Carlota Sugar Central, Et Al. vs. Pedro Jimenez, Et Al.

LA CARLOTA SUGAR CENTRAL and ELIZALDE & CO., INC., petitioners-appellants, vs. PEDRO JIMENEZ, AUDITOR GENERAL OF THE PHILIPPINES, respondent-appellee.

G.R. No. L-12436 | 1961-05-31

D E C I S I O N 

DIZON, J.:

Sometime in September, 1955 La Carlota Sugar Central - a domestic corporation hereinafter referred to as the Central, managed, controlled and operated by Elizalde & Co., Inc., referred to hereinafter as Elizalde, imported 500 short tons of ammonium sulphate and 350 short tons of ammonium phosphate. The corresponding letter of credit in the sum of $60,930.00, U.S. currency, was opened through the Hongkong & Shanghai Banking Corporation in the name of the Central and in favor of the Overseas Central Enterprises, Inc., 141 Battery St., San Francisco 11, California, U.S.A. The invoices, bill of lading,...