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Hongkong & Shanghai Banking Corp. Vs. Aldecoa & Co., Et Al. 030 Phil 255

THE HONGKONG & SHANGHAI BANKING CORPORATION, plaintiff-appellee, vs. ALDECOA & Co., in liquidation, JOAQUIN IBA?EZ DE ALDECOA Y PALET, ZOILO IBA?EZ DE ALDECOA Y PALET, CECILIA IBA?EZ DE ALDECOA Y PALET, and ISABEL PALET DE GABARRO, defendants-appellants. WILLIAM URQUHART, intervener-appellant.

G.R. No. 8437 | 1915-03-23

D E C I S I O N


TRENT, J.:

This action was brought on January 31, 1911, by the plaintiff bank against the above-named defendants for the purpose of recovering from the principal defendant, Aldecoa & Co., an amount due from the latter as the balance to its debit in an account current with the plaintiff, and to enforce the subsidiary liability of the other defendants for the payment of this indebtedness, as partners of Aldecoa & Co., and to foreclose certain mortgages executed by the defendants to secure the indebtedness sued upon.

Judgment was entered on the 10th of August, 1912, in favor of the plaintiff and against the defendants for...