Philippine National Bank vs. Concepcion Mining Co., Inc. 5 SCRA 745 , July 31, 1962.pdf

Philippine National Bank vs. Concepcion Mining Co., Inc. 5 SCRA 745 , July 31, 1962.pdf

  • No School
  • AA 1
  • 4

This preview shows page 1 - 3 out of 4 pages.

VOL. 5, JULY 31, 1962 745 Philippine National Bank vs. Concepcion Mining Co., Inc. No. L-16968. July 31, 1962. PHILIPPINE NATIONAL BANK, plaintiff-appellee, vs. CONCEPCION MINING COMPANY,INC., ET AL., defendants-appellants. Bills, notes and checks, negotiable instrument; Signed by two or more persons; Liability. —Under Section 17(g) of the Negotiable Instruments Law and Art. 1216 of the Civil Code, where the promissory note was executed jointly and severally by two or more persons, the payee of the promissory note had the right to hold any one or any two of the signers of the promissory note responsible for the payment of the amount of the note. APPEAL from a judgment or decision of the Court of First Instance of Manila. Victoriano, J. The facts are stated in the opinion of the Court. Ramon B. de los Reyes for plaintiff-appellee. Demetrio Miraflor for defendants-appellants. LABRADOR, J.: Appeal from a judgment or decision of the Court of First Instance of Manila, Hon. Gustavo Victoriano, presiding, sentencing defendants Concepcion Mining Company and Jose Sarte to pay jointly and severally to the plaintiff the amount of P7,197.26 with interest up to September 746 746 SUPREME COURT REPORTS ANNOTATED Philippine National Bank vs. Concepcion Mining Co., Inc. 29, 1959, plus a daily interest of P1.3698 thereafter up to the time the amount is fully paid, plus 10% of the amount as attorney's fees, and costs of this suit. SUPREME COURT REPORTS ANNOTATED VOLUME 005 Documents/Law School Ebooks/Negotiable Instrument Act... 1 of 4 9/2/2018, 7:50 PM
Image of page 1

Subscribe to view the full document.

The present action was instituted by the plaintiff to recover from the defendants the face of a promissory note the pertinent part of which reads as follows: "Manila, March 12, 1954
Image of page 2
Image of page 3
  • Fall '19
  • Promissory note, Negotiable instrument, Atty. Jose S. Sarte, Vicente L. Legarda, Concepcion Mining Co.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern