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A. S. Crossfield Vs. China Banking Corporation 054 Phil 934

Involuntary insolvency of Mariano Velasco & Co. et al. A. S. CROSSFIELD, claimant-appellee, vs. CHINA BANKING CORPORATION, oppositor-appellant. VICENTE NEPOMUCENO, assignee-appellant.

G.R. No. 32702 | 1930-09-22

D E C I S I O N


JOHNS, J.:

The judgment of the lower court is as follows:
"The preferred claim of A. S. Crossfield, who is one of the original petitioning creditors in this case, against the above-named insolvents for a deposit of P25,000, with interest thereon at 10 per cent per annum from May 4, 1925, made with the insolvent Mariano Velasco & Co., has again been presented to the court for formal allowance and payment. Since the presentation of this claim the claimant, A. S. Crossfield has died and his interests are now represented by the administrator of his estate, Mr. A. P. Drakeford. The assignee and the general creditors, the...