Professional Documents
Culture Documents
* SECOND DIVISION.
347
PUNO, J.:
348
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3 Id., at pp. 28-37.
4 Id., at pp. 118-139.
5 Id., at pp. 682-683.
6 Id., at p. 683.
7 Rollo, p. 63.
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8 Id., at p. 64.
9 CA Rollo, p. 684. Other terms of the revised agreement include:
a) ATM and Pacfor-USA shall jointly manage Pacfor Phils.
b) Pacfor-Phils. will earn commissions at 1.5% of F.O.B. value,
the computation of which shall be shown in a credit memo issued
by Cellmark/Pacfor.
c) Losses, if any, will be reimbursed by Cellmark/
Pacfor to ATM for ATM’s share of the loss, for two consecutive
years beginning with the first year of loss.
d) The revised agreement shall take effect on January 1, 1997.
e) Cash paid to the representative office by Pacific Paper
belongs to Pacfor and will be held in trust by ATM.
10 Id., at p. 685.
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11 Rollo, p. 528.
12 Id., at p. 527.
13 Ibid.
14 Id., at p. 532.
15 Id., at p. 539.
16 Id., at p. 541.
17 Id., at p. 544.
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18 Id., at p. 545.
19 CA Rollo, p. 829.
20 Id., at p. 828.
21 Rollo, pp. 546-550.
352
352 SUPREME COURT REPORTS ANNOTATED
Mendiola vs. Court of Appeals
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22 Id., at p. 553.
23 Id., at pp. 546-550.
24 Id., at p. 560.
25 Id., at pp. 554-558.
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26 Id., at p. 560.
27 Id., at p. 561.
28 CA Rollo, p. 652.
29 Rollo, pp. 562-563.
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30 Id., at p. 150.
31 Id., at pp. 231-240.
32 CA Rollo, pp. 333-335.
33 Id., at pp. 84-86.
34 Rollo, pp. 14-36.
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35 Id., at p. 27.
36 Esteban B. Bautista, Treatise on Philippine Partnership Law, 1978
ed., citing Nelson v. Abraham, 177 P.2d 931 (1947); Henry
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357
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48 Ibid.