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Marcelino Buyco Vs. Philippine National Bank, Et Al.112 Phil. 588

MARCELINO BUYCO, petitioner-appellee, vs. PHILIPPINE NATIONAL BANK, ILOILO BRANCH, ILOILO CITY, respondent-appellant.

G.R. No. L-14406 | 1961-06-30

D E C I S I O N

PAREDES, J.:

Mandamus case filed by petitioner Marcelino Buyco praying that the Respondent Philippine National Bank be compelled to accept his backpay acknowledgment certificate No. 4801, as payment of his obligation with said respondent. 

The case was submitted on an agreed stipulation of facts, with the pertinent documents as annexes. 

On April 24, 1966, petitioner Marcelino Buyco was indebted to respondent in the amount of P5,102.90 plus interest thereon, which represented petitioner's deficit on his 1952-53 crop loan with respondent bank. The said loan was secured by a mortgage of real property. Petitioner is a...