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Mambulao Lumber Company vs. Philippine National Bank

MAMBULAO LUMBER COMPANY, plaintiff-appellant, vs. PHILIPPINE NATIONAL BANK and ANACLETO HERADO, ETC., defendants-appellees.

G.R. No. L-22973 | 1968-01-30

Republic of the Philippines
SUPREME COURT
Manila
 
EN BANC
 
D E C I S I O N

ANGELES, J.:

An appeal from a decision, dated April 2, 1964, of the Court of First Instance of Manila in Civil case No. 52089, entitled "Mambulao Lumber Company, plaintiff, vs. Philippine National Bank and Anacleto Heraldo, defendants," dismissing the complaint against both defendants and sentencing the plaintiff to pay to defendant Philippine National Bank (PNB for short) the sum of P3,582.52 with interest thereon at the rate of 6% per annum from December 22, 1961 until fully paid, and the costs of suit.

In seeking the reversal of the decision, the...