Back

Yu Ban Chuan vs. Fieldmen's Insurance Co., Inc., Et Al.121 Phil. 1275

YU BAN CHUAN, plaintiff-appellant, vs. FIELDMEN'S INSURANCE CO., INC., ET AL., defendants-appellants.

G.R. No. L-19851 | 1965-06-29

EN BANC

D E C I S I O N 


REYES, J.B.L., J.: 

Direct appeal by both the plaintiff and the defendants from a decision of the Court of First Instance of Manila, in its Civil Case No. 46166, sentencing the defendants Fieldmen's Insurance Co., Inc. and Paramount Surety and Insurance Co., Inc., to pay the plaintiff, Yu Ban Chuan, the sum of P200,000 and P140,000, respectively, with interest at the legal rate and costs. 

The following facts are uncontroverted: Sometime in the later part of March, 1959, plaintiff Yu Ban Chuan began his business enterprise under the name of "CMC Trading", which was engaged in the wholesale dealing in...