This case has been cited 1 times or more.
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2012-06-13 |
PERALTA, J. |
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| It is a basic rule in the interpretation of contracts that an instrument must be construed so as to give effect to all the provisions of the contract.[34] In essence, the contract must be read and taken as a whole.[35] While the contract indeed specifically required the Comelec to notify Smartmatic-TIM of its OTP the subject goods until December 31, 2010, a reading of the other provisions of the AES contract would show that the parties are given the right to amend the contract which may include the period within which to exercise the option. There is, likewise, no prohibition on the extension of the period, provided that the contract is still effective. | |||||