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Fernando, J.
Doctrine:
Facts:
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8/3/2019 Republic vs. Philippine Rabbit Bus Inc Digest
administering
Act Nos. 800 andthe897),
Back in
Pay
hisLaw (Republic
letter Act 304
to the Chief as amended
of the by Republic
Motor Vehicles Office,
had approved the acceptance of negotiable certificates of indebtedness in
payment of registration fees of motor vehicles with the view that such
certificates 'should be accorded with the same confidence by other
governmental instrumentalities as other evidences of public debt, such as
bonds and treasury certificates'. Significantly, the Auditor General concurred
in the said view of the National Treasurer.
The Republic of the Philippines appealed. While originally the matter was
elevated to the Court of Appeals, it was certified to the Supreme Court, the
decisive issue being one of law.
Issues:
Held:
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