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Republic Of The Philippines vs. Joseph Arcache, Et Al. 119 Phil. 604

REPUBLIC OF THE PHILIPPINES, plaintiff-appellee, vs. JOSEPH ARCACHE, ET AL., defendants-appellants.

G.R. No. L-15547 | 1964-02-29

D E C I S I O N 


DIZON, J.: 

On July 7, 1958, the Republic of the Philippines filed an action against Joseph Arcache and the Globe Assurance Company, Inc. for the forfeiture of the surety bond executed by them (Arcache, as principal, and the Globe Assurance Company, Inc., as surety) to secure payment of the sum of P22,524.41 representing Arcache's income tax for the year 1946 and surcharge, plus 1% monthly interest on the income tax proper amounting to P18,289.71, from June 21, 1954 to August 31, 1956. 

Arcache, after admitting some of the averments made in the complaint and denying others, interposed the defense of...