Back

Felix Laureano Vs. Eugenio Kilayco, Et Al. 032 Phil 194

FELIX LAUREANO, plaintiff-appellant, vs. EUGENIO KILAYCO and CELSA LIZARES DE KILAYCO, defendants-appellees.

G.R. No. 10419 | 1915-11-10

D E C I S I O N


CARSON, J.:

On the 20th day of February, 1913, the defendants in this action executed a written agreement wherein, for and in consideration of certain money lent to them by the plaintiff, they obligated themselves to pay the sum of P10,200 in monthly installments of P500, payable on the 15th day of each month, the first installment to be paid on the 15th day of April, 1913. By way of security for the loan they executed a chattel mortgage upon certain property, including the fittings and stock of a certain drug store. They obligated themselves, also, in the event of failure to pay any of the installments on the date upon...