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Ayala Investment & Development Corporation vs. Court of Appeals

AYALA INVESTMENT & DEVELOPMENT CORP. and ABELARDO MAGSAJO, petitioners, vs. COURT OF APPEALS and SPOUSES ALFREDO & ENCARNACION CHING, respondents.

G.R. No. 118305 | 1998-02-12

Republic of the Philippines
SUPREME COURT
Manila
 
SECOND DIVISION
 
D E C I S I O N 
 
MARTINEZ, J: 
 
Under Article 161 of the Civil Code, what debts and obligations contracted by the husband alone are considered "for the benefit of the conjugal partnership" which are chargeable against the conjugal partnership? Is a surety agreement or an accommodation contract entered into by the husband in favor of his employer within the contemplation of the said provision? 
 
These are the issues which we will resolve in this petition for review. 
 
The petitioner assails the decision dated April 14,...