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Jose G. Cuaycong Et Al. Vs. Ramon S. Rius 086 Phil 170

JOSE G. CUAYCONG ET AL., plaintiffs-appellees, vs. RAMON S. RIUS, defendant-appellant.

G.R. No. L-333 | 1950-04-21

D E C I S I O N


MORAN, C. J.:

This is an action to compel acceptance of payment of a mortgage debt. The material facts are as follows:

On February 18, 1937, Ramon S. Rius, defendant-appellant, sold his hacienda "Tibidabo" located at the municipality of Manapla, Occidental Negros, to Jose G. Cuaycong and Vicente F. Gustilo, plaintiffs and appellees, for the sum of P350,000, of which P30,000 was paid upon the execution of the deed of sale and P70,000 on March 15, 1937, without interest. The balance in the amount of P250,000 was to be paid with interest of 7 per cent per annum as follows:

P50,000 plus interest for one year on P250,000, a...