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Peoples Bank And Trust Co. Vs. Philippine National Bank 088 Phil 625

INTESTATE ESTATE OF CHARLES A. MCDONOUGH. PEOPLES BANK AND TRUST CO., administrator-appellee, vs. PHILIPPINE NATIONAL BANK, creditor-appellant.

G.R. No. L-3405 | 1951-04-28

D E C I S I O N


FERIA, J.:

This appeal is taken by the creditor and appellant, Philippine National Bank against the order of the Court of First Instance of Manila dated October 10, 1947, disallowing payment to the creditor Bank of interest due on a sixty-day note, Exhibit "A", dated November 19, 1941, from January 19, 1942, up to the date of payment.

The creditor and appellant filed with the said Court its claim of P3,916.60 as of November 14, 1945, dated February 1, 1946, against the Intestate Estate of Charles A. McDonough in the above entitled case, plus daily interest of P0.658 on P3,000 from November 15, 1945, until paid, due on a...