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Macondray & Co. vs. Ocampo, et al

MACONDRAY & CO., INC., plaintiff-appellant, vs. FELICIANO BENITO and SEBASTIAN OCAMPO, defendants-appellees.

G.R. No. 43014 | 1935-09-24

D E C I S I O N


GODDARD, J:

Under its amended complaint in this case the plaintiff seeks to recover over P2,500 with interest at 12 per cent per annum from the defendants, less the sum of P550 realized from the sale at public auction of certain chattels mortgaged to it as security for the payment of the above mentioned sum.

In the lower court the parties submitted the case for decision on the following stipulation of facts:

"1. That the defendants admit each and every allegation in each and every paragraph of the plaintiff's amended complaint subject to the stipulations herein contained.

"2. That the promissory notes mentioned in...