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Philippine National Bank Vs. Isidoro De La Cruz 103 Phil 341

PHILIPPINE NATIONAL BANK, plaintiff-appellant, vs. ISIDORO DE LA CRUZ, defendant-appellee.

G.R. No. L-11002 | 1958-04-17

D E C I S I O N


FELIX, J.:

This is an appeal by the Philippine National Bank from the order of the Court of First Instance of Manila dated October 19, 1954, in Civil Case No. 23236, dismissing the complaint filed therein and from the order of November 22, 1954, denying plaintiff's motion for reconsideration of said order of dismissal. The facts of the case are as follows:

On October 8, 1946, Isidoro de la Cruz obtained a loan of P5,000.00 from the Philippine National Bank, payable within 120 days, with interest at 6 per cent per annum and an additional 10 per cent of the amount due as attorney's fees in case the collection of the...