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[2/2] Terminal Facilities and Services Corp vs Philippine Ports Authority, et al

[2/2] TERMINAL FACILITIES AND SERVICES CORPORATION, petitioner, vs. PHILIPPINE PORTS AUTHORITY and PORT MANAGER, and PORT DISTRICT OFFICER OF DAVAO CITY, respondents.

G.R. No. 135639 | 2002-02-27

The deception practiced by the Central Bank, not only on petitioners but on its own management team, was in violation of Articles 1159 and 1315 of the Civil Code of the Philippines:

Art. 1159. Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith.

Art. 1315. Contracts are perfected by mere consent, and from that moment the parties are bound not only to the fulfillment of what has been expressly stipulated but also to all the consequences which, according to their nature, may be in keeping with good faith, usage and law.[23]

Auyong Hian involved an importation...