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Chief Of Staff, Afp vs. Collector Of Internal Revenue, Et Al.

THE CHIEF OF STAFF, ARMED FORCES OF THE PHILIPPINES, plaintiff-appellee, vs. COLLECTOR OF INTERNAL REVENUE, ET AL., defendants-appellees, MADRIGAL SHIPPING CO. INC., and CESARIO SIPACO, defendants-appellants.

G.R. No. L-21835 | 1967-08-19

D E C I S I O N 


BENGZON, J.P., J.: 

C. Y. George Khoong and K. H. Powel Khoong, father and son, and business partners, organized the Leyte Supply Corporation which acquired from the U.S. Foreign Liquidation Commission surplus war materials worth P160,000.00. In June 1948 the Khoongs purchased from said corporation the same war materials. Subsequently, they hired Cesario Sipaco to possess, keep and administer said surplus materials while the same were stored in Tacloban City. Next, they chartered the steamship Lepus of the Madrigal Shipping Co., Inc. to transport the surplus materials to Hongkong. 

SS "Lepus" arrived in...