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Velasco v. Meralco
Velasco v. Meralco
557
for 1954, to a grand total of P19,313.20, the income for said year
becomes abnormally high (in fact, more than double), as compared
to appellant’s earnings for the three preceding years, 1951-1953,
that averaged not more than P7.000 per annum. (4) Finally, the
true source of the undeclared amount lay in appellant’s own
knowledge, but he chose not to disclose it; neither did he call upon
the assessing revenue officer to reveal its character.
Same; Art. 1250 of new Civil Code not applicable to torts.—–
From the employment of the words “extraordinary inflation or
deflation of the currency stipulated” in Art. 1250 of the new Civil
Code, it can be seen that the same envisages contractual
obligations where a specific currency is selected by the parties as
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3/29/2020 SUPREME COURT REPORTS ANNOTATED VOLUME 042
REYES,J.B.L., J. :
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3/29/2020 SUPREME COURT REPORTS ANNOTATED VOLUME 042
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559
560
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3/29/2020 SUPREME COURT REPORTS ANNOTATED VOLUME 042
B—–APPELLEE’SMOTION TO RECONSIDER
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3/29/2020 SUPREME COURT REPORTS ANNOTATED VOLUME 042
Motions denied.
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