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12 Occena V Jabson
12 Occena V Jabson
*
No. L-443349. October 29, 1976.
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* FIRST DIVISION.
638
TEEHANKEE, J.:
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“That due to the increase in price of oil and its derivatives and the
concomitant worldwide spiralling of prices, which are not within
the control of plaintiff, of all commodities including basis raw
materials required for such development work, the cost of
development has risen to levels which are unanticipated,
unimagined and not within the remotest contemplation of the
parties at the time said agreement was entered into and to such a
degree that the conditions and factors which formed the original
basis of said contract, Annex ‘A’, have been totally changed;
“That further performance by the plaintiff under the contract,
639
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x x x x x x x x x
“ART. 1159. Obligations arising from contracts have the force of law
between the contracting parties and should be complied with in good
faith.”
640
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2 At p. 113, cited in Vol IV, Padilla’s Civil Code, 6th Ed., p. 476;
emphasis supplied.
3 Reyes vs. Caltex (Phil.) Inc., 84 Phil. 654.
641
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4 Cf. 3 Moran’s Rules of Court 1970 Ed., pp. 164-165, and cases cited.
642
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643
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