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Simeon Hidalgo vs. La Tondena, Inc., Et Al.

SIMEON HIDALGO, plaintiff-appellee, vs. LA TONDENA, INC., ET AL., defendants, LA TONDENA, INC., defendant-appellant.

G.R. No. L-21752 | 1966-04-25

D E C I S I O N 


BAUTISTA ANGELO, J.: 

The property herein involved originally belonged pro-indiviso to Manuel Valenciano and Purita Valenciano who, on December 12, 1952, mortgaged it, together with another property, to La Tondeña, Inc. to secure the payment of a debt contracted by Manuel Valenciano. The deed of mortgage was registered on August 14, 1954 with the Register of Deeds of Naga City under Act No. 3344. 

On the other hand, one Celedonio Benipayo obtained a judgment in his favor in a civil case pending before the Court of First Instance of Manila to enforce which he caused to be levied in execution the interest of...