Upon the other hand, the legal question of whether or not the Bank is liable for unrealized

profits presents no difficulty. In Arrieta vs. Naric G.R. No. L-15645, Jan. 31, 1964, 10 SCRA
79, this Court sustained as a matter of law the award of damages n the amount of U.S.
$286,000, payable in Philippine Currency, measured in the rate of exchange prevailing at the
time the obligation was incurred (August, 1952), comprising of unrealized profits of the
plaintiff, Mrs. Paz Arrieta, in a case where a government-owned corporation, the Naric failed
to proceed with the purchase of imported rice after having accepted and approved the bid of
Arrieta and after she had already closed her contract with her foreign sellers.
Actually, the law on the matter is unequivocally expressed in Articles 2200 and 2201 of the
Civil Code thus:
t.hqw

ART. 2200. Identification for damages shall comprehend not only the value of the
loss suffered, but also that of the profits, which the obligee failed to obtain..
ART. 2201. In contracts and quasi-contracts, the damages for which the obligor
who acted in good faith is liable shall be those that are the natural and probable
consequences of the breach of the obligation, and which the parties have forseen
or could have reasonably foreseen at the time the obligation was constituted.
In case of fraud, bad faith, malice or wanton attitude, the obligor shall be
responsible for all damages which may be reasonably attributed to the nonperformance of the obligation.