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Melecio Rosario, Et Al. vs. Tayug Rural Bank, Inc., Et Al.

MELECIO ROSARIO and ROMEO C. RAMIREZ, plaintiffs-appellees, vs. TAYUG RURAL BANK, INC., ET AL., defendants, TAYUG RURAL BANK, INC., defendant-appellant.

G.R. No. L-26538 | 1968-03-21

D E C I S I O N 


CASTRO, J.: 

This case was certified to us by the Court of Appeals pursuant to section 17 of Republic Act 296, as amended, because the appellant raises only questions of law. 

At the threshold is the principal question of whether the period for redemption of property sold at public auction by virtue of an extrajudicial foreclosure under Act 3135, as amended, is to be reckoned from the date the sheriff executes the certificate of sale or from the date the certificate of sale is recorded in the Registry of Deeds. 

The antecedent facts are not disputed. Romeo C. Ramirez borrowed P440 from the Tayug Rural...