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Asiatic Petroleum Co. (P.I.) vs. Veloso

THE ASIATIC PETROLEUM CO. (P. I.), LTD., plaintiff-appellant, vs. BUENAVENTURA M. VELOSO, defendant-appellant.

G.R. No. 42779 | 1935-12-21

D E C I S I O N


IMPERIAL, J:

On December 18, 1929, the plaintiff and the defendant entered into a written contract whereby, the latter was appointed as agent to sell the former's gasoline and oil products in the City of Cebu, and to manage the office in the gasoline station or building constructed for the purpose. The defendant, under the terms of the contract of agency, was obliged to render an account of the sales. However, he failed to live up to this stipulation and retained the proceeds of such sales in his possession. A liquidation on December 6, 1932, disclosed the fact that the defendant had not turned over to the plaintiff the...