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Mary Mcd. Bachrach Vs. Philippine Trust Co., Et Al.111 Phil. 634

MARY MCD. BACHRACH, plaintiff-appellant, vs. PHILIPPINE TRUST CO. and LA ORDEN DE PEOPLE. BENEDICTINOS DE LAS ISLAS FILIPINAS, defendants-appellees.

G.R. No. L-10367 | 1961-05-25

D E C I S I O N


DIZON, J.:

On January 1, 1928, appellee La Orden de PP. Benedictinos etc., hereinafter referred to as La Orden, a Corporation sole, organized and existing under the laws of the Philippines, offered for sale a series of bonds numbered from 1 to 900, of a par value of P500.00 each, Philippine currency. They were to mature serially from 2 to 15 years (from 1930 to 1943), each to bear interest at the rate of 8% per annum, payable semi-annually, upon presentation of the corresponding interest coupon attached to each bond, as they became due.

Appellant Bachrach bought forty (40) of the bonds numbered 211 to 230 (with maturity date...