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PHILIPPINE NATIONAL BANK v. PEDRO C. RELATIVO

This case has been cited 2 times or more.

2006-05-26
CHICO-NAZARIO, J.
The fact that petitioners tendered a Manager's Check to respondents-spouses Galang in the amount of P278,957.00 seven months after the filing of this case is of no moment.  Tender of payment does not by itself produce legal payment, unless it is completed by consignation.[40] Their failure to fulfill their obligation gave the respondents-spouses Galang the right to rescission.
2005-05-26
CHICO-NAZARIO, J.
The fact that petitioners tendered a Manager's Check to respondents-spouses Galang in the amount of P278,957.00 seven months after the filing of this case is of no moment. Tender of payment does not by itself produce legal payment, unless it is completed by consignation.[40] Their failure to fulfill their obligation gave the respondents-spouses Galang the right to rescission.