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National Shipyards & Steel Corporation vs. Caridad J. Torrento, Et Al.

NATIONAL SHIPYARDS & STEEL CORPORATION, plaintiff-appellee, vs. CARIDAD J. TORRENTO and MUTUAL SECURITY INSURANCE CORPORATION, defendants-appellants.

G.R. No. L-21109 | 1967-06-26

D E C I S I O N 


MAKALINTAL, J.: 

On December 5, 1958, defendant Caridad J. Torrento applied with the National Shipyards & Steel Corporation (hereinafter referred to as NASSCO) for the purchase on credit of 60 tons of steel bars 3/8" deformed or plain, at P430.00 per ton, for a 120-day period. 

A contract of purchase and sale was executed on January 13, 1959, but was subsequently amended when plaintiff exhausted its stock of 3/8" plain steel bars. As amended, the quantity of steel bars stated to be 60 metric tons in the original contract was changed to 59.31 metric tons; the price was changed from P430.00 to P435.00 per...