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R. O. Warrington Vs. Esteban De La Rama 046 Phil 881

R. O. WARRINGTON, plaintiff-appellee, vs. ESTEBAN DE LA RAMA, defendant-appellant.

G.R. No. L-21029 | 1923-11-03

D E C I S I O N


VILLAMOR, J .:

On April 1, 1921, the firm of Hijos de I. de la Rama, through its manager Esteban de la Rama, executed and signed the promissory note Exhibit A, which is as follows:

"On or before July 1st, 1921, for value received, we promise to pay to the order of the Oriental Products Corporation, Inc., at their office in the City of Iloilo, P. I., the sum of pesos ten thousand 00/100 only (P10,000), Philippine currency, with interest thereon at the rate of twelve per centum (12%) per annum.

"It is further agreed that if default be made in the payment of the principal or interest of this note, when the same becomes...