G.R. No. L-7271
August 30, 1957
PHILIPPINE NATIONAL BANK, pl!"t!#-pp$ll"t, %s. &O'E ()L)ET ()L)ETA, A, *$+$"*"t-pp$ll$$.
Ntl!o . Blo "* Ro" B. *$ los R$/$s +o pp$ll"t. Lo$"o . !%!t$ +o pp$ll$$.
BENG(ON, &.
I" t4$ "!l out o+ 6st !"st"$, t4$ P4!l!pp!"$ Nt!o"l B" su$* t4$ *$+$"*"t upo" l$tt$ o+ $*!t "* *+t +o t4$ ou"t o+ 81,9.15. Alt4oug4 :!ll!"g to p/ t4$ $;u!%l$"t !" p$sos o+ t4$ *+t, plus " 4g$s, t4$ *$+$"*"t o<$t$* to t4$ 17= $>!s$ t> !pos$* / R$pul! At No. ?01 :4!4 t4$ B" t!$* to oll$t. Bot4 *ou$"ts, 4$ o"t$"*$*, 4* $$" !ssu$* "* 4* tu$* $+o$ t4$ ppo%l o+ s!* At, t4$$+o$ t4$ $>!s$ t> s4oul* "ot $ 4g$*.
A+t$ t4$ t!l, t4$ out $"*$$* $pt!"g A+t$ $>$pt!"g *$+$"*"t +o t4$ 17= $>!s$ t>@ ut o*$$* 4! to *$l!%$ to pl!"t!# t4$ su o+ P37,?22.11 plus *!l/ !"t$$st o+ P3.993 o" P29,15.55 $g!""!"g +o &"u/ 9, 1953.
T4$ pl!"t!# pp$l$*, !"s!st!"g o" t4$ !g4t to oll$t 17= $>!s$ $>!s$ o $>4"g$ t>. T4!s !s t4$ t4 $ o"l/ !ssu$ $t:$$" $t:$ $" t4$ pt!$s pt !$s "o:. "o:.
o stt$$"t o+ t4$ +ts :$ / ;uot$ +o pl!"t!#s !$+. CO" Oto$ 2?, 19, D$+$"*"t-App$ll$$ ppl!$* +o o$!l l$tt$ o+ $*!t :!t4 Pl!"t!#-App$ll"t, P4!l!pp!"$ Nt!o"l B" "!lF "* :s g"t$* L No. 35171 E>4!!t CBCF o" No%$$ ?, 19, !" +%o o+ Ot!s El$%to o., 2?0 El$%$"t4 A%$"u$, N$: o !t/, ).'.A., +o 81,9.15 +o t4$ pu4s$ o+ " $l$t! pss$"g$ $l$%to@ o" / 17, 199, "* u"*$ t4$ s!* l$tt$ o+ $*!t E>4!!t CBCF, Ot!s El$%to o. *$: 90 */ s!g4t *+t +o 81,9.15 E>4!!t CACF :4!4 *+t :s *ul/ p$s$"t$* to "* $pt$* / D$+$"*"t-App$ll$$ o" &ul/ ?, 199. '!* $pt"$ tu$* o" Oto$ , 199. )po" D$+$"*"t-App$ll$$s s!g"!"g 90 */ tust $$!pt E>4!!t CCF o" &u"$ 3, 199, Pl!"t!#-App$ll"t $l$s$* to D$+$"*"tApp$ll$$ t4$ o%$!"g *ou$"ts o+ t4$ s4!p$"t. I" t4$ $"t!$, *$!t *%!$ E>4!!t CGCF :s $$!%$* +o Pl!"t!#App$ll"ts N$: o Ag$"/ to t4$ $#$t t4t !t *%"$* o p!* t4$ *+t E>4!!t CACF to Ot!s El$%to o. o" / 17, 199, "* 4g$* Pl!"t!#-App$ll"t t4$ su o+ 81,?7.21 $p$s$"t!"g t4$ +$ %lu$ o+ t4$ *+t E>4!!t CACF plus 81.0? s 1 o+ 1= o!ss!o". A+t$ t4$ tu!t/ *t$ Oto$ , 199F Pl!"t!#App$ll"t p$s$"t$* t4$ *+t to D$+$"*"t-App$ll$$ +o p/$"t ut t4$ ltt$ +!l$*, "$gl$t$* "* $+us$* to p/.
Du!"g !ts sp$!l s$ss!o" !" &"u/, 1951, o"g$ss pss$* Hous$ B!ll No. 1513, "o: R$pul! At No. ?01, ppo%$* o" 4 2, 1951, !pos!"g 17= sp$!l $>!s$ t> ot4$:!s$ "o:" s +o$!g" $>4"g$ t>F o" t4$ %lu$ !" P4!l!pp!"$ p$so o+ +o$!g" $>4"g$ sol* / t4$ $"tl B" o+ t4$ P4!l!pp!"$s o !ts ut4o!$* g$"ts. Pl!"t!#-pp$ll"t, s "/ ot4$ o$!l " !" t4$ P4!l!pp!"$s, !s " ut4o!$* g$"t o+ t4$ $"tl B" o+ t4$ P4!l!pp!"$s.
O" Oto$ 17, 1952, "* &"u/ 1, 1953, Pl!"t!#-App$ll"t s$"t !lls o stt$$"ts o+ oll$t!o" E>4!!ts CDC "* CD-1CF to D$+$"*"t-App$ll$$ ut t4$ ltt$ +!l$* "* $+us$* to $#$t
p/$"t t4$$o+. I" t4os$ stt$$"ts, t4$ su o+ P,955.7 :s !"lu*$* $p$s$"t!"g t4$ 17= sp$!l $>!s$ t> o" t4$ p$so %lu$ o+ t4$ *+t +o )' 81,9.15 E>4!!t CACF, . . . .
D$+$"*"ts ppl!t!o" +o l$tt$ o+ $*!t pt/ $* s +ollo:s
Pl$s$ "g$ / l$ +o t4$ $stl!s4$"t o+ " I$%ol$ L$tt$ o+ $*!t o" N$: o !" +%o o+ Ot!s El$%to o., 2?0 El$%$"t4 A%$"u$, N$: o !t/ +o ou"t o+ Ho. &os$ . (ulu$t +o t4$ su o+ O)RTEEN THO)'AND O)R H)NDRED ORTNINE AND 15100 81,9.15F DOLLAR' g!"st *:" t NINET DA' op"!$* / s4!pp!"g *ou$"ts o%$!"g o+ O"$ OPLETE ELETRI PA''ENGER ELEJATOR . . .
D+ts ust $ *:" "* p$s$"t$* o "$got!t$* "ot lt$ t4" / 31, 199.
IN ON'IDERATION THEREO, I:$ po!s$ "* g$$ to p/ /ou t tu!t/ !" P4!l!pp!"$ u$"/, t4$ $;u!%l$"t o+ t4$ o%$ ou"t o su4 pot!o" t4$$o+ s / $ *:" o p!* upo" t4$ +!t4 o+ s!* $*!t, tog$t4$ :!t4 /ou usul 4g$s, "* I:$ ut4o!$ /ou "* /ou $sp$t!%$ o$spo"*$"ts to p/ o to $pt *+ts u"*$ t4!s $*!t, . . .
A"* t4$ *+t !ssu$* t4$$u"*$ E>4!!t AF :s "$got!l$ "* **$ss$* to 4$$!" *$+$"*"t s t4$ *:$$.
o pl!"t!#s stt$$"t o+ !ts pos!t!o" !t !s "ot l$ :4$t4$ $o%$/ !s *$"*$* upo" t4$ l$tt$ o+ $*!t, o upo" t4$ *+t E>4!!t A. Pl!"t!# /, u"*out$*l/, po$$* o" $!t4$ us$ o+
t!o". '$$ At. 571 o*$ o+ o$$@ '$. 51 N$got!l$ I"stu$"ts L:.F
H* t4$ pl!"t!# $l$t$* to $o%$ o" s!* l$tt$ o+ $*!t, t4$" !t :oul* $$t :!t4 t4$ *ot!"$s !" A"$t %s. P4!l!pp!"$ Nt!o"l B", 95 P4!l., 1?0, 50 O#. G., 11F 5350F, Ao*!"g to t4$ o" ot4 *t$s. I" o"%$t!"g *olls !"to p$sos, "o 17= $>4"g$ t> :oul* $ !posl$, s!"$ !t :s $t$* o"l/ !" 4 1951. T4$ pl!"t!# "o:s t4$ s$, +o !t :s pt/ to !t@ "* "t!!pt!"g, !" t4!s pp$l, t4$ o%!ous o"lus!o"s, !t !"s!sts "ot so u4 o" t4$ l$tt$ o+ $*!t, s o" t4$ !ll o+ $>4"g$ E>4!!t A1 . As stt$* $+o$, su4 *+t :s *:" / Ot!s El$%to o. !" N$: o. It :s **$ss$* to *$+$"*"t s *:$$, :4o !s *u$ ous$ $pt$* !t. T4$$ !s "o, ;u$st!o" t4t upo" $pt!"g !t, *$+$"*"t $$ pt/ p!!l/ l!l$2@ "* t4$ 4ol*$ P4!l!pp!"$ Nt!o"l B"F / su$ 4!, $%$" !+ t4$$ 4* $$" "o p$s$"tt!o" +o p/$"t o" t4$ */ o+ tu!t/. '$. 70 N$got!l$ I"stu$"ts L:.F
A*!tt$*l/, *$+$"*"ts $spo"s!!l!t/ !s +o 81,9.15 *u$ !" "!l o" Oto$ , 199 plus " +$$sF. H$ !s u"*$ ol!gt!o" to *$l!%$ su4 ou"t !" p$sos s :$$ t4$ $;u!%l$"t o+ 81,9.15. At :4t t$ o+ $>4"g$ T4$ t$ p$%!l!"g o" t4$ */ o+ !ssu"$, */ o+ $pt"$, */ o+ tu!t/, t4$ */ su!t !s 6l$*, o t4t p$%!l!"g o" t4$ */
T4$ *ou$"t !s "$got!l$ "* !s go%$"$* / t4$ N$got!l$ I"stu$"ts L:. But t4!s sttut$ *o$s "ot $t!" "/ $>p$ss po%!s!o" o" t4$ ;u$st!o". $ "o: t4$ *+t !s +o$!g" !ll o+ $>4"g$, $us$, *:" !" N$: o, !t !s p/l$ 4$$. '$$. 129 N$got!l$ I"stu$"ts L:.F $ lso "o: t4t lt4oug4 t4$ ou"t p/l$ !s $>p$ss$* !" *olls M "ot u$"t o"$/ 4$$ M !t !s st!ll "$got!l$, +o !t / $ *!s4g$* :!t4 p$sos o+ $;u!%l$"t ou"t3. T4$ pol$ !s$s :4$" :$ t/ to *$t$!"$ t4$ C$;u!%l$"t ou"tC, $us$ t4$ t$ o+ $>4"g$ utut$s +o */ to */.
T4$$ $ *$!s!o"s !" A$! to t4$ $#$t t4t, Ct4$ t$ o+ $>4"g$ !" $#$t t t4$ t!$ t4$ !ll s4oul* 4%$ $$" p!*C o"tols. 11 .&.'. p. 2?.F
'u4 *$!s!o"s g$$ :!t4 t4$ po%!s!o"s o+ t4$ B!lls o+ E>4"g$ At o+ E"gl"* "* oul* $ t$" s $"u"!t!"g t4$ o$t p!"!pl$, !"su4 s ou N$got!l$ I"stu$"ts L:, pt!ll/ op!$* t4$ A$!" )"!+o N$got!l$ I"stu$"ts L: :4!4 !" tu" :s s$* lg$l/ o" t4$ B!lls o+ E>4"g$ At o+ E"gl"* o+ 12. I" +t :$ pt!ll/ +ollo:$* t4!s ul$ !" $st!"st$ B" %s. K. Nsso, 5 P4!l. 55.
T4$$ !s o"$ *$!s!o" ppl/!"g t4$ t$ o+ $>4"g$ t t4$ t!$
T4!s *$!s!o" 4o:$%$ s$$s "ot to 4%$ t$" !"to ou"t t4$ B!lls o+ E>4"g$ At o%$ $"t!o"$*. A"* :$ 4%$ $<$t$* !ts %!$: !" t4$ $st!"st$ s$, sup. ut4$o$ !t $lt$* to !ll $>p$ssl/ *$ p/l$ !" +o$!g" u$"/ M :4!4 !s "ot t4$ s$ 4$$. A"* t4$ t4$o/ :oul* pol/ po*u$ u"*$s!l$ $#$ts upo" o$!l *ou$"ts, +o !t :oul*
$ t4$ ou"t u"$t!", t4$ pt!$s to t4$ !ll "ot $!"g l$ to +o$s$$ t4$ */
But t4$ pp$ll"t gu$s, t4$ *$+$"*"t 4* po!s$* to p/ 81,19.15 !" *olls@ t4$$+o$ 4$ ust $ o*$$* to p/ t4$ su !" *olls t u$"t t$s plus 17=.
T4$ gu$"t $sts o" :o"g p$!s$. D$+$"*"t 4* "ot po!s$* to p/ !" *olls. H$ g$$* to p/ t4$ $;u!%l$"t o+ 81,19.15 *olls, !" P4!l!pp!"$ u$"/ 7.
But !+ :$ *!t t4t *$+$"*"t 4* g$$* to p/ !" *olls, t4$" :$ 4%$ to ppl/ R$pul! At No. 529 "* s/ t4t 4!s ol!gt!o" Cs4ll $ *!s4g$* !" P4!l!pp!"$ u$"/ $su$* t t4$ p$%!l!"g t$s o+ $>4"g$ t t4$ t!$ t4$ ol!gt!o" :s !"u$*.C
No: t4$", (ulu$ts ol!gt!o" 4%!"g $$" !"u$* $+o$ t4$ $t!o" o+ t4$ 17= t>, !t / "ot $ %l!*l/ u*$"$* :!t4 su4 t>, $us$ t4$ l: !pos!"g !t oul* "ot $ *$$$* to 4%$ !p!$* ol!gt!o"s l$*/ $>!st!"g t t4$ t!$ o+ !ts ppo%l..
T4$ pl!"t!#s t4$o/ s$$s to $ t4t !" $!tt!"g *olls to !ts N$: o Ag$"/, +t$ !t oll$ts +o t4$ *$+$"*"t, !t 4s to p/ +o t4$ s!* $>!s$ t>.9 T4$ t!l p$ss$* t4$ $l!$+ t4t su4 ou"t 4* $$" $!tt$* $+o$ t4$ $"t$"t o+ R$pul! At ?01, $us$ o"s!*$!"g t4$ pt!$ o+ "s o+ $pl$"!s4!"g t4$! g$"!$s o* :!t4 "$$ss/ +u"*s, 4$ *$$$* !t !pol$ t4t t4$ "!l O$ o+ t4$ B" M !" t:o /$s 4* "ot $!us$ !ts N$: o Ag$"/ +o t4$ ou"t *%"$* o" ou"t o+ t4$ *+t E>4!!t A. T4!s $l!$+ ost pol/ o*$* :!t4 $l!t/@ $us$ s $l/ s / 17, 199
E>4!!t GF t4$ N$: o Ag$"/ 4* C4g$*C t4$ ou"t o+ t4!s *+t g!"st t4$ ou"t o+ t4$ "!l o$ t4$$, M :4!4 $"s t4$ Ag$"/ 4* $!us$* !ts$l+ t4$ ou"t o+ t4$ *+t out o+ t4$ +u"*s o+ t4$ "!l O$ t4$" !" !ts poss$ss!o" !" N$: oF o o!"g to !ts poss$ss!o" +t$:*s. A"* !t !s u"$l!$%l$ t4t !" t:o /$s t4$ "!l o$ "$%$ 4* !" N$: o su!$"t +u"*s to $#$t t4$ $!us$$"t.
I" +t, t4$ stt$$"t o+ ou"t $"*$$* / pl!"t!# to *$+$"*"t o" Oto$ 17, 1952, E>4!!t DF $"u$t$* t4$s$ 4g$s
To /ou $pt"$ ou"t!"g to
81,9.15
Plus R$!tt$s o!ss!o"
1.0?
81,5?7.21
o"%$t$* t 3 =
P29,151.3
5= !"t. 5179-101952-1251 *.
,995.?
P3,17.11
10= o. o" 81,9.15
2,911.51
Dou$"t/ stps
.70
A! !l
2.00
17= E>!s$ T> o" P29,151.3
,955.7
Ot4$ 4g$s
3.00
o t4$ o%$ !t / $ *$*u$* t4t t4$ ou"t o+ t4$ *+t 4* $$" $!tt$* o p!* to t4$ N$: o Ag$"/ !" / 199, +o t4$ $so" t4t (ulu$t !s 4g$* :!t4 $!tt$s o!ss!o"C "* 5= !"t$$st o" t4$ ou"t o+ t4$ *+t "* su4 o!ss!o"F $g!""!"g +o / 17, 199. T4!s "$$ss!l/ !pll!$s t4t !" o*"$ :!t4 E>4!!t G, t4$ N$: o Ag$"/ 4* $$" $!us$* o+ t4$ *+ts ou"t o su4 ou"t :s $!tt$*F o" / 17, 199.10 No:, !" / 199 "o 17= $>4"g$ t> :s p/l$ upo" su4 $!tt"$@ "* t4$ "!l o$ *!* "ot p/ !t. T4$$+o$ (ulu$t s4oul* "ot p/ !t too.
I" %!$: o+ t4$ +o$go!"g t4$
Ps, .&., P*!ll, o"t$/o "* But!st A"g$lo, &&., o"u.
