Bingbing Wanders - Travels & Tips, Tipid Hacks, Food Reviews, Tips, Top Picks, Tech Guides, Programming Guides, Gaming Guides, Law School Notes and many more random stuffs we can think of and share!
  • Home
  • Travels
  • Food
  • Life
  • Software Engineering
    • Tech Guide
  • Law School Notes
    • Civil Law
    • Commercial Law
    • Remedial Law
    • Labor Law
    • All Notes
  • About Us
Home
Travels
Food
Life
Software Engineering
    Tech Guide
Law School Notes
    Civil Law
    Commercial Law
    Remedial Law
    Labor Law
    All Notes
About Us
Bingbing Wanders - Travels & Tips, Tipid Hacks, Food Reviews, Tips, Top Picks, Tech Guides, Programming Guides, Gaming Guides, Law School Notes and many more random stuffs we can think of and share!
  • Home
  • Travels
  • Food
  • Life
  • Software Engineering
    • Tech Guide
  • Law School Notes
    • Civil Law
    • Commercial Law
    • Remedial Law
    • Labor Law
    • All Notes
  • About Us
Browsing Tag
ca 168 scra 1 1988
Commercial Law•Insurance•Law School Notes

Pacific Banking vs. CA 168 SCRA 1 (1988)

August 19, 2022 by Vala No Comments

DOCTRINE:

If the whole foundation of the contract fails, the risk does not attach and the policy never becomes a contract between the parties. Representations of facts are the foundation of the contract and if the foundation does not exist, the superstructure does not arise.

FACTS:

Paramount Shirt Mfg. Co., a shirt factory, had a fire insurance policy (open policy) with Oriental Assurance Corporation for an amount not exceeding P61k. Pacific Banking was Paramount’s creditor for P800k. The goods covered by the insurance were held in trust by Paramount for the benefit of Pacific under a trust receipt. Paramount endorsed the policy to Pacific as mortgagor/trustor with Oriental’s consent. The endorsement stated: “loss if any under this policy is payable to the Pacific Banking Corporation.” The goods insured were then totally destroyed by fire. Pacific demanded indemnity from Oriental. The latter refused on ground that, according to its adjuster, Pacific was yet to file a formal claim with it and submit proof of loss. Pacific then informed the adjuster to verify the loss with the Bureau of Customs, and again demanded payment from Oriental which remained unheeded.

Continue reading
Share:
Reading time: 4 min

Advertisement




Recent Posts

Genuino v. NLRC (NATIONAL LABOR RELATIONS COMMISSION)

March 9, 2023

Luna vs. Allado Construction Co., Inc.

February 18, 2023

Gerbert Corpuz vs. Daisilyn Sto. Tomas, G.R No. 186571, August 11, 2010

January 30, 2023

Categories

  • Administrative Law
  • Civil Law
  • Civil Procedure
  • Commercial Law
  • Conflicts of Law
  • Constitutional law
  • Constitutional Law
  • Credit Transactions
  • Criminal Procedure
  • Election Law
  • Entertainment
  • Evidence
  • Evidence
  • Food
  • Insurance
  • Intellectual Property
  • Korean Drama
  • Labor Law
  • Law School Notes
  • Life
  • Local Government Code
  • Movie
  • Notes
  • Obligation and Contracts
  • Persons and Family Relations
  • Political Law
  • Property
  • Public International Law
  • Public Officers Law
  • Remedial Law
  • Software Engineering
  • Succession
  • Taxation Law
  • Tech Guide
  • Tips
  • Travels
  • Uncategorized

Subscribe to our Newsletter

Popular Posts

Genuino v. NLRC (NATIONAL LABOR RELATIONS COMMISSION)

March 9, 2023
M Boutique by The Manila Hotel at 50% off

M Boutique by The Manila Hotel at 50% off

December 26, 2018
NAIA Terminal 3 Alternate Parking

NAIA Terminal 3 Alternate Parking

December 27, 2018
Checking Your GrabTaxi Total Expense

Checking Your GrabTaxi Total Expense

Instagram Feed

algef.almocera

#narapark #nara #naraosaka #narajapan #deers #prof #narapark #nara #naraosaka #narajapan #deers #profilepictures
📸 @viianvianvian #harukas300 #japantravels #o 📸 @viianvianvian 

#harukas300 #japantravels #osakajapan #osaka #harukas #observatory
#jojakkoji #jojakkojitemple #arashiyama #kyoto #ar #jojakkoji #jojakkojitemple #arashiyama #kyoto #arashiyamakyoto #japantravel #japantemple #bingbingwanders
A path less travelled. #otaginenbutsuji #arashiyam A path less travelled. #otaginenbutsuji #arashiyama #kyotojapan #kyoto #japantemple #asiantravel #japantravel
#kyoto #hokanjitemple #yasakapagoda #gion #kyotoja #kyoto #hokanjitemple #yasakapagoda #gion #kyotojapan #japantravel #asiantravel #oldkyotostreets
#kyotojapan #tenjuantemple #tenjuan #asiantravel # #kyotojapan #tenjuantemple #tenjuan #asiantravel #bingbingwanders #japantravel #japantrip
The view outside our hotel at Gion. #gionkoh #gio The view outside our hotel at Gion.

#gionkoh #gion #kyoto #kyotojapan
#harrypotter #hogwarts #wizardingworld #universals #harrypotter #hogwarts #wizardingworld #universalstudiosjapan #osakajapan #asiantravel
Pleasant surprise. Rode the wrong train but ended Pleasant surprise. Rode the wrong train but ended somewhere nice instead. A view with an eagle casually flying once in a while.

#cafeplanetkyoto #cafeplanet #kyotojapan #kyoto #coffee #japantravel
Long lines but worth the wait. #japan #namba #gyuk Long lines but worth the wait. #japan #namba #gyukatsu #gyukatsumotomura #asiantravel #beefcutlets
Load More... Follow on Instagram

Tags

Administrative Law Agency alteration article 36 Article 153 of the Family Code Bill of Rights Case Digest Chain of Custody Civil Code civil law Civil Procedure commercial law Conflicts of Law Constitutional Law court of appeals Credit Transactions criminal procedure ec2 Eminent Domain family code family home Insurance Intellectual Property japan labor law Law School marriage National Labor Relations Commission negotiable instrument Oblicon Obligation and Contracts Persons and Family Relations Philippine citizenship Political Law Ponente programming property Psychological Incapacity Remedial Law Seven (7) Cardinal Rights of Workers Social justice Sources of Labor Rights and Obligations Succession Taxation Law tokyo

Advertisement




Search

algef.almocera

#narapark #nara #naraosaka #narajapan #deers #prof #narapark #nara #naraosaka #narajapan #deers #profilepictures
📸 @viianvianvian #harukas300 #japantravels #o 📸 @viianvianvian 

#harukas300 #japantravels #osakajapan #osaka #harukas #observatory
#jojakkoji #jojakkojitemple #arashiyama #kyoto #ar #jojakkoji #jojakkojitemple #arashiyama #kyoto #arashiyamakyoto #japantravel #japantemple #bingbingwanders
A path less travelled. #otaginenbutsuji #arashiyam A path less travelled. #otaginenbutsuji #arashiyama #kyotojapan #kyoto #japantemple #asiantravel #japantravel
#kyoto #hokanjitemple #yasakapagoda #gion #kyotoja #kyoto #hokanjitemple #yasakapagoda #gion #kyotojapan #japantravel #asiantravel #oldkyotostreets
#kyotojapan #tenjuantemple #tenjuan #asiantravel # #kyotojapan #tenjuantemple #tenjuan #asiantravel #bingbingwanders #japantravel #japantrip
The view outside our hotel at Gion. #gionkoh #gio The view outside our hotel at Gion.

#gionkoh #gion #kyoto #kyotojapan
#harrypotter #hogwarts #wizardingworld #universals #harrypotter #hogwarts #wizardingworld #universalstudiosjapan #osakajapan #asiantravel
Pleasant surprise. Rode the wrong train but ended Pleasant surprise. Rode the wrong train but ended somewhere nice instead. A view with an eagle casually flying once in a while.

#cafeplanetkyoto #cafeplanet #kyotojapan #kyoto #coffee #japantravel
Long lines but worth the wait. #japan #namba #gyuk Long lines but worth the wait. #japan #namba #gyukatsu #gyukatsumotomura #asiantravel #beefcutlets
Load More... Follow on Instagram

Subscribe to our Newsletter

© 2019 copyright BingBing Wanders // All rights reserved