Back

Filipinas Compania De Seguros vs. Christern, Huenefeld & Co., Inc. 89 Phil 54

FILIPINAS COMPANIA DE SEGUROS, petitioner, vs. CHRISTERN, HUENEFELD & CO., INC., respondent.

G.R. No. L-2294 | 1951-05-25

EN BANC
 
D E C I S I O N 
 
 
PARAS, C. J.: 
 
On October 1, 1941, the respondent corporation, Christern, Huenefeld & Co., Inc., after payment of corresponding premium, obtained from the petitioner, Filipinas Cia. de Seguros, fire policy No. 29333 in the sum of P100,000, covering merchandise contained in a building located at No. 711 Roman Street, Binondo, Manila. On February 27, 1942, or during the Japanese military occupation, the building and insured merchandise were burned. In due time the respondent submitted to the petitioner its claim under the policy. The salvaged goods were sold at public auction and,...