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F.M. Yaptico & Co. vs. Yulo, et al.

F.M. YAPTICO & CO., LTD., plaintiff-appellee, vs. MARINA YULO, ET AL., defendants-appellants.

G.R. No. 35876 | 1933-02-09

D E C I S I O N

HULL, J:

On October 14, 1910, plaintiff loaned Gregorio Yulo a certain sum of money and took as security therefor a mortgage on properties belonging to Gregorio Yulo and his wife, Filomena Ortiz. This mortgage was due and payable May 31, 1911. The mortgage was not paid upon maturity. Filomena Ortiz died about January 13, 1911. Plaintiff and Gregorio Yulo continued their transactions and from November 14, 1912, until July 30, 1918, plaintiff advanced to Gregorio Yulo some P19,725 and delivered to him various amounts of sugar in part payment of his account, the last loan in 1918, and the last delivery of sugar on the 30th...