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S. Davis Winship Vs. Philippine Trust Company 090 Phil 744

S. DAVIS WINSHIP, plaintiff-appellant, vs. PHILIPPINE TRUST COMPANY, defendant-appellee.

G.R. No. L-3869 | 1952-01-31

D E C I S I O N


PARAS, C.J.:

Prior to December, 1941, the Eastern Isles Import Corporation organized under and existing by virtue of the laws of the Philippines, all of the capital stock of which was and has been owned by American citizens, except one share with a par value of P100 in the name of Antonia Sevilla and one share with a par value of P100 in the name of Edmund A. Schwesinger, had a current account deposit with the Philippine Trust Company, and as of December 29, 1941, the balance in favor of said depositor was P51,410.91. Prior to December, 1941, the Eastern Isles, Inc., a corporation organized under and existing by virtue...