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Engracio De Asis Vs. Jose V. Agdamag, Et. Al. 090 Phil 249

ENGRACIO DE ASIS, plaintiff-appellant, vs. JOSE V. AGDAMAG, ET. AL., defendants-appellees.

G.R. No. L-3709 | 1951-10-25

D E C I S I O N


PARAS, C.J.:

On August 19, 1949, the plaintiff filed an action in the Court of First Instance of Manila to recover from the defendants a loan of P10,000, secured by a mortgage, and evidenced by a promissory note executed by the defendants on August 15, 1944, providing that the loan was payable on or before August 15, 1947, with interest at seven per cent per annum, compounded and payable semi-annually, and that, in case of non-payment on the date of maturity, the sum of P1,000 would be paid by the defendants for costs, attorney's fees and other collection expenses. The defendants admitted the existence of the loan, but...