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Juan Sumerariz vs. Development Bank Of The Philippines, Et Al.

JUAN SUMERARIZ and LUISA SUMERARIZ, plaintiffs-appellants, vs. DEVELOPMENT BANK OF THE PHILIPPINES and PHILIPPINE SURETY AND INSURANCE CO., INC., defendants-appellees.

G.R. No. L-23764 | 1967-12-26

D E C I S I O N 


CONCEPCION, C.J.: 

This appeal, from a decision of the Court of First Instance of Manila, is before us upon certification by the Court of Appeals, only questions of law being involved therein. 

The relevant facts are: On September 15, 1948, plaintiffs herein, Juan Sumerariz, and his wife, Luisa Sumerariz constituted, in favor of the Rehabilitation Finance Corporation - now Development Bank of the Philippines, and hereinafter referred to as the Bank - a real estate mortgage on two (2) parcels of land forming part of San Andres Subdivision, Manila and covered by Transfer Certificate of Title No. 1442, in their...