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C. N. Hodges, et al vs. Jose Manuel Lezama, et al 122 Phil. 367

C. N. HODGES and RICARDO GURREA, petitioner, vs. JOSE MANUEL LEZAMA, PAQUITA B. LEZAMA, BENJAMIN LUIS BORJA and THE COURTS OF APPEALS, respondents.

G.R. No. L-20630 | 1965-08-31

D E C I S I O N

CONCEPCION, J.:

Appeal by certiorari from a decision of the Court of Appeals, reversing that of the Court of First Instance of Iloilo. 
There is no dispute about the main facts, which are, as set forth in the decision of the latter court: 

"On July 12, 1954 petitioner Hodges acquired at public auction the 2,230 shares of stock in question (Exh. G). The stock certificates covering said shares of stock (Exhs. 9 to 14) were duly endorsed to him and thereafter surrendered and cancelled, and stock certificate No. 17 dated November 1, 1954 (Exhs. A, A-1 and 17) was issued in lieu thereof in his favor. It would seem that...