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Republic of the Phil. Vs. Court of Appeals, et al

REPUBLIC OF THE PHILIPPINES, petitioner, vs. THE HON. COURT OF APPEALS and LUIS D. CUAYCONG (substituted by LUIS E. CUAYCONG, JR.), respondents.

G.R. No. L-25012 | 1975-07-22

D E C I S I O N

CASTRO, J:

The Republic of the Philippines brought suit against Luis D. Cuaycong (now deceased and substituted by his son, Luis E. Cuaycong, Jr.) in the Court of First Instance of Manila, for recovery of the value of twenty promissory notes executed by the deceased Cuaycong in favor of the Bank of Taiwan during the Japanese occupation of the Philippines. After hearing duly had, the trial court adjudged in favor of the Government and ordered Cuaycong to pay the sum of P14,634.17, plus interest at 6% per annum, compounded quarterly, from October 1, 1961 until payment shall have been fully made. Cuaycong was likewise ordered...