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Tiong Tick vs. American Apothecaries Co.

In re Liquidation of Mercantile Bank of China. TAN TIONG TICK, claimants-appellant, vs. AMERICAN APOTHECARIES CO., ET AL., claimants-appellees.

G.R. No. 43682 | 1938-03-31

D E C I S I O N


IMPERIAL, J:

In the proceedings for the liquidation of the Mercantile Bank of China, the appellant presented a written claim alleging: that when this bank ceased to operate on September 19, 1931, his current account in said bank showed a balance of P9,657.50 in his favor; that on the same date his savings account in the said bank also showed a balance in his favor of P20,000 plus interest then due amounting to P194.78; that, on the other hand, he owed the bank in the amount of P13,262.58, the amount of the trust receipts which he signed because of his withdrawal from the bank of certain merchandise consigned to him...