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Jose R. Martinez Vs. Philippine National Bank 093 Phil 765

JOSE R. MARTINEZ, as administrator of the Instate Estate of Pedro Rodriguez, deceased, plaintiff-appellant, vs. PHILIPPINE NATIONAL BANK, defendant-appellee.

G.R. No. L-4080 | 1953-09-21

D E C I S I O N


MONTEMAYOR, J.:

As of February 1942, the estate of Pedro Rodriguez was indebted to the defendant Philippine National Bank in the amount of P22,128.44 which represented the balance of the crop loan obtained by the estate upon its 1941-1942 sugar cane crop. Sometime in February 1942, Mrs. Amparo R. Martinez, late administratrix of the estate upon request of the defendant bank through its Cebu branch, endorsed and delivered to the said bank two (2) quedans according to plaintiff-appellant issued by the Bogo-Medellin Milling Co. where the sugar was stored covering 2,198.11 piculs of sugar belonging to the estate, although...