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Fernando A. Froilan vs. Pan Oriental Shipping Co. 095 Phil 905

FERNANDO A. FROILAN, plaintiff-appellee, vs. PAN ORIENTAL SHIPPING CO., defendant-appellant, REPUBLIC OF THE PHILIPPINES, intervenor-appellee.

G.R. No. L-6060 | 1954-09-30

D E C I S I O N


PARAS, C.J.:

The factual antecedents of this case are sufficiently recited in the brief filed by the intervenor-appellee as follows:

"1. On February 3, 1951, plaintiff-appellee, Fernando A. Froilan, filed a complaint against the defendant-appellant, Pan Oriental Shipping Co., alleging that he purchased from the Shipping Commission the vessel FS-197 for P200,000, paying P50,000 down and agreeing to pay the balance in installments; that to secure the payment of the balance of the purchase price, he executed a chattel mortgage of said vessel in favor of the Shipping Commission; that for various reasons, among them the...