Mr. Del Valle went to the Ace Hardware store, ordered 250 bags of cement worth P 55,000 on credit. A charge invoice: SOLD TO MR. DEL VALLE was issued and signed by both parties. Mr. Del Valle promised to pay Ace Hardware in 30 days, which was indicated in the invoice. Mr. Del Valle requested Ace Hardware to have the cement brought to his house, only 10 blocks away, in Ace's delivery truck. Being a large sale and Mr. Del Valle being a valued customer, Ace Hardware agreed. While in transit, Ace's truck collided with a 10-wheeler, caused the cement bags to burst and spill on the sidewalk; because it was raining heavily, all the cement hardened, making them unusable. Who will pay for the P55,000 in 30 days? In the charge sales invoice, Mr. Del Valle signed or acknowledged having received the merchandise and at the bottom of the invoice, he signed a promissory note for P55,000 or 30 days.
Mr. Del Valle went to the Ace Hardware store, ordered 250 bags of cement worth P 55,000 on credit. A charge invoice: SOLD TO MR. DEL VALLE was issued and signed by both parties. Mr. Del Valle promised to pay Ace Hardware in 30 days, which was indicated in the invoice. Mr. Del Valle requested Ace Hardware to have the cement brought to his house, only 10 blocks away, in Ace's delivery truck. Being a large sale and Mr. Del Valle being a valued customer, Ace Hardware agreed.
While in transit, Ace's truck collided with a 10-wheeler, caused the cement bags to burst and spill on the sidewalk; because it was raining heavily, all the cement hardened, making them unusable.
Who will pay for the P55,000 in 30 days? In the charge sales invoice, Mr. Del Valle signed or acknowledged having received the merchandise and at the bottom of the invoice, he signed a promissory note for P55,000 or 30 days.
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