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Isidoro De Mora Vs. La Insular Cigar And Cigarette Factory, Inc. 093 Phil 545

ISIDORO DE MORA, plaintiff-appellee, vs. LA INSULAR CIGAR AND CIGARETTE FACTORY, INC., defendant-appellant.

G.R. No. L-5021 | 1953-07-31

D E C I S I O N


BAUTISTA ANGELO, J.:

This is an appeal from a decision of the Court of First Instance of Rizal ordering defendant to pay the plaintiff the sum of P70,000 with legal interest thereon from the date of the filing of the complaint and the costs of action.

Appellant is a corporation organized under the laws of the Republic of the Philippines, its principal stockholder being Doña maria de los Angeles Santa Marina de Ozores, hereinafter referred to as Marquesa de Aranda. Besides being principal stockholder, she was as early as 1941 a creditor of the corporation with a credit balance of more than P1,500,000.

Early in...