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Ramon Diokno Vs. Rehabilitation Finance Corporation 91 Phil 608

RAMON DIOKNO, plaintiff-appellant, vs. REHABILITATION FINANCE CORPORATION, defendant-appellee.

G.R. No. L-4712 | 1952-07-11

D E C I S I O N

LABRADOR, J.:

Plaintiff is the holder of a backpay certificate of indebtedness issued by the Treasurer of the Philippines under the provisions of Republic Act No. 304 of a face value of P75,857.14 dated August 30, 1948. On or about November 10, 1950, when this action was brought, he had an outstanding loan with the Rehabilitation Finance Corporation, contracted therewith on January 27, 1950, in the total sum of P50,000, covered by a mortgage on his property situated at 44 Alhambra, Ermita, Manila, with interest at 4 per cent per annum, of which P47,355.28 was still unpaid. In this action he seeks to compel the defendant...