Back

First National City Bank Of New York vs. Silvio Cheng Tan114 Phil. 420

THE FIRST NATIONAL CITY BANK OF NEW YORK, plaintiff-appellant, vs. SILVIO CHENG TAN alias SILVIO CHENG PAN, defendant-appellee.

G.R. No. L-14234 | 1962-02-28

D E C I S I O N 


DIZON, J.

 On July 2, 1947 the Court of First Instance of Manila rendered judgment in Civil Case No. 59502 - which was an action to foreclose a real estate mortgage - ordering the defendants therein, - Silvio Cheng Tan alias Silvio Cheng Pan amongst them - to pay, jointly and severally, the First National City Bank of New York the sum of P142,000.56, with the stipulated interest on the sum of P129,361.13, plus costs, and providing that in case of default of payment within the period of time therein given, the properties mortgaged by said defendants be sold at public auction to satisfy the judgment. After the...