- Petitioner
- Warner
- Respondent
- Dionisio Inza
- Citation
- G.R. No. 16936
- Court
- Supreme Court
- Division
- First Division
- Ponente
- Romualdez, J.
- Decided
- June 13, 1922
Summary
This commercial law case involved a sugar sale contract between Warner, Barnes & Co., Ltd. and Dionisio Inza for 4,000 piculs at P37.50 per picul, with payment due May 15, 1920. When Inza took back the quedans and refused Warner's payment offer after the deadline, claiming contract rescission, Warner sued for damages. The Supreme Court held the sale was perfected and no condition precedent for rescission was proven. However, it reduced damages from P66,000 to P30,000, finding the trial court used incorrect sugar price (P54 vs. P45 per picul on May 15) for calculating the difference between market and contract prices. The case demonstrates principles of contract perfection, delivery obligations, and proper damages computation in commercial sales transactions.