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German E. Villanueva vs. National Marketing Corporation

GERMAN E. VILLANUEVA, doing-business under the name and style of VILTRA COMPANY, plaintiff-appellee, vs. NATIONAL MARKETING CORPORATION, defendant-appellant.

G.R. No. L-27441 | 1969-06-30

D E C I S I O N 


MAKALINTAL, J.: 

This is an action for specific performance. The contract sued upon was entered into on November 25, 1965 between the National Marketing Corporation (NAMARCO) and Viltra Company, a single proprietorship represented by the plaintiff German E. Villanueva. By its terms NAMARCO, purportedly in implementation of its trade assistance program, agreed to import and sell to VILTRA 10,000 metric tons of wire rod valued at $1,320,000, in consideration of which VILTRA would pay the C & F value of the shipment plus banking charges that NAMARCO might incur by reason of the dollar requirements of the...