Practice question
A prevented transaction would have produced PHP200,000 revenue and PHP120,000 proved costs that were avoided because it did not occur. Assuming all other requirements and no further adjustment, what is the lost-profit figure?
- PHP80,000
- PHP200,000
- PHP320,000
- PHP120,000
- PHP400,000
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles2199–2200,2205.
- Metro Rail Transit v Gammon Philippines GR200401 January17,2018 MAIN: https://lawphil.net/judjuris/juri2018/jan2018/gr_200401_2018.html Lost-profit proof and net profit estimate.
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