VOL. 328, MARCH 17, 2000 447: Sycip, Jr. vs. Court of Appeals
VOL. 328, MARCH 17, 2000 447: Sycip, Jr. vs. Court of Appeals
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* SECOND DIVISION.
448
QUISUMBING, J.:
449
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450
the purchase price of the house and lot subject of the written
contract executed and entered into by and between FRC as seller
and Francisco as buyer on said date of August 24, 1989 (Exh. B,
also Exh. 1). The total stipulated purchase price for the house and
lot was P451,700.00, of which Francisco paid FRC in the sum of
P135,000.00 as down payment, with Francisco agreeing and
committing himself to pay the balance of P316,000.00 in 48 equal
monthly installments of P9,304.00 (which sum already includes
interest on successive monthly balance) effective September 30,
1989 and on the 30th day of each month thereafter until the
stipulated purchase price is paid in full. The said six
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1 Records, p. 1.
2 Id. at 312.
451
_______________
452
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4 Id. at 103104.
453
“On the basis of the submission of the People, We find and so hold
that appellant has no basis to rely on the provision of PD 957 to
justify the nonpayment of his obligation, the closure of his
checking account and the notices sent by him to private
6
complainant that he will stop paying his monthly amortizations.”
II
________________
454
III
IV
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7 Id. at 16.
8 Lazaro v. Court of Appeals, 227 SCRA 723, 726727 (1993).
455
to public welfare. In his view, P.D. No. 957 does not provide
petitioner a sufficient defense against the charges against
him.
Under9 the provisions of the Bouncing Checks Law (B.P.
No. 22), an offense is committed when the following
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456
___________________
457
_________________
458
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459
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xxx
5. Any person who acts in the fulfillment of a duty or in the lawful
exercise of a right or office.”
460
——o0o——
461
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