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Phil. Industrial Co. Vs. El Hogar Filipino 045 Phil 336

THE PHILIPPINE INDUSTRIAL CO., plaintiff-appellee, vs. EL HOGAR FILIPINO AND SALVADOR VALLEJO, defendants, EL HOGAR FILIPINO, appellant.

G.R. No. 20482 | 1923-10-25

D E C I S I O N


VILLAMOR, J .:

The parties submitted this case to the trial court for decision upon a stipulation of facts, which is inserted in the judgment appealed from, and from which it appears that the defendant Salvador Vallejo executed a mortgage in favor of his codefendant, El Hogar Filipino, upon a certain real estate belonging to him, registered in the registry of property under the Torrens Law. This mortgage contains a stipulation that the mortgagor cannot create any legal right upon the realty in favor of a third person, nor make, with regard to said realty, any contract of lease registerable under the law, or whereby a...