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Andres Puig Vs. Geo. C. Sellner 045 Phil 286

ANDRES PUIG, plaintiff-appellee, vs. GEO. C. SELLNER and B. A. GREEN, defendants-appellants.

G.R. No. 20013 | 1923-10-18

D E C I S I O N


VILLAMOR, J .:

This litigation arose from the non-payment of a promissory note signed by the defendants, which is as follows:

"On or before July 12, 1921, we promise to pay jointly and severally at Manila to order of D. Andres Puig or his general attorney-in-fact, D. Ramon Salinas, the sum of forty seven thousand pesos (P47,000), Philippine currency, which we received on this date from this date from said Mr. Salinas by way of loan at 10 per cent per annum; and we hereby guarantee our said obligation with five hundred seventy (570) preferred shares of the Manila Improvement Co. of the face value of one hundred pesos...