RP v.

Philippine Resources Development Corporation

G.R. No. L-10141; January 31, 1958
Ponente: Padilla, J.

Facts:
The Bureau of Prisons instituted a complaint against Macario Apostol for the latter’s failure to
pay the unpaid balance for logs purchased. Apostol, who was then the president of the
respondent corporation, delivered goods belonging to the corporation and without the
knowledge or consent of the stockholders thereof, to the Bureau of Prisons in an attempt to
settle his personal debts with the latter entity. The corporation demanded the Bureau of Prisons
for the return of the goods. Upon the refusal of the Bureau, the corporation filed a motion to
intervene.

Issue:
Whether or not “price” is limited only to be paid in money

Held:
No. Article 1458 provides that the purchaser may pay “a price certain in money or its
equivalent,” which means that they meant of the price need not be in money. In this case, the
materials have been assessed and evaluated and their price equivalent in terms of money have
been determined and that said materials for whatever price they have been assigned were
considered as tokens of payment.