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De La Rama Steamship Company, Inc. vs. National Development Company 116 Phil. 1096

THE DE LA RAMA STEAMSHIP COMPANY, INC., plaintiff-appellee, vs. NATIONAL DEVELOPMENT COMPANY, defendant-appellant.

G.R. No. L-15659 | 1962-11-30

D E C I S I O N 


LABRADOR, J.: 

 This case is a sequel to G.R. No L-8784, promulgated on May 21, 1956. Both this case and the previous one are the outcome of an agreement entered into between the De la Rama Steamship Co., Inc. (hereafter known as De la Rama) and the National Development Company (hereafter referred to as NDC), dated October 26, 1949, whereby De la Rama undertook the management of four "Doña" vessels purchased by the Philippine Government from Japan, with and through the advice and help of De La Rama. De La Rama agreed to buy and the NDC agreed to sell, at the former's option, each and all of the vessels...