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Asia Banking Corporation Vs. Asuncion Nable Jose, Et Al. 051 Phil 763

ASIA BANKING CORPORATION, plaintiff-appellant, vs. ASUNCION NABLE JOSE and LICHAUCO & CO., INC., defendants-appellees.

G.R. No. 28495 | 1928-03-31

D E C I S I O N


JOHNS, J.:

The records in this and its companion cases are voluminous, yet, under the view which we have taken, only a very small portion of them is material. Nearly all of the important facts are admitted, and there is no serious dispute over those which are contested.
It appears that the Lichauco Corporation was organized in the year 1914, and to all intents and purposes, it was a typical family corporation, and that at the time of its organization, the defendant Nable Jose was the subscriber and owner of about 40 per cent of its capital stock.
At the trial the following stipulation was made:
"That the parties to the...