Page 487 - Important Provisions of The New Civil Code

Article 2018. If a contract which purports to be

for the delivery of goods, securities or shares of

stock is entered into with the intention that the

difference between the price stipulated and the

exchange or market price at the time of the

pretended delivery shall be paid by the loser to

the winner, the transaction is null and void. The

loser may recover what he has paid. (n)