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ACCFA vs. Alpha Insurance & Surety Co., Inc., et al., 24 SCRA 151

AGRICULTURAL CREDIT & COOPERATIVE FINANCING ADMINISTRATION (ACCFA), plaintiff-appellant, vs. ALPHA INSURANCE & SURETY CO., INC., defendant-appellee, RICARDO A. LADINES, ET AL., third-party-defendants-appellees.

G.R. No. L-24566 | 1968-07-29

EN BANC

D E C I S I O N 


REYES, J.B.L., J.: 

Appeal, on points of law, against a decision of the Court of First Instance of Manila, in its Case No. 43372, upholding a motion to dismiss. 

At issue is the question whether or not the provision of a fidelity bond that no action shall be had or maintained thereon unless commenced within one year from the making of a claim for the loss upon which the action is based, is valid or void, in view of Section 61-A of the Insurance Act invalidating stipulations limiting the time for commencing an action thereon to less than one year from the time the cause of action accrues. 

Material...