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NATIONAL SUGAR TRADING v. PHILIPPINE NATIONAL BANK

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GR No. 179105
2010-07-26
METROPOLITAN BANK v. LARRY MARIׁAS
NACHURA, J.
As provided in Article 1159 of the Civil Code, "obligations arising from contract have the force of law between the contracting parties and should be complied with in good faith." Verily, parties may freely stipulate their duties and obligations which perforce would be binding on them. Not being repugnant to any legal proscription, the agreement entered into between petitioner and respondent must be respected and given the force of law between them.[28]