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Joe's Radio & Electrical Supply Vs. Alto Electronics Corp., Et Al. 104 Phil 333

JOE'S RADIO & ELECTRICAL SUPPLY, plaintiff-appellee, vs. ALTO ELECTRONICS CORPORATION and ALTO SURETY & INSURANCE CO., INC., defendants-appellants.

G.R. No. L-12376 | 1958-08-22

D E C I S I O N


REYES, J.B.L., J.:

Appeal from a judgment of the Court of First Instance of Manila, in its Civil Case No. 21805, ordering the defendants to pay jointly and severally to the plaintiff, the sum of P49,378.77, plus 6 per cent interest per annum from July 2, 1954, plus the further sum of P39,780 as liquidated damages, with legal interest from the filing of the complaint, provided, however, that the liability of the defendant surety company shall not exceed P66,150, in accordance with the surety bond.

The facts of this case are practically undisputed, and may be substantially stated as follows:

On May 23, 1953, the...