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Gonzalez vs. LPF, Et. Al.

GIL GONzALES, petitioner, vs. LA PREVISORA FILIPINA, Mutual Building and Loan Association, and JOSE D. MENDOZA, respondents.

G.R. No. 48699 | 1943-03-30

D E C I S I O N


OZAETA, J:
On or before July 31, 1931, Jose D. Mendoza applied to La Previsora Filipina, Mutual Building and Loan Association, for a loan of P9,000 to be invested in the construction of a house of strong materials and other improvements on his lot situate on Fraternidad street, Pandacan, Manila, with an area of 251.6 square meters and covered by transfer certificate of title No. 38244. Inasmuch as the loan value of said lot together with the proposed improvements thereon was appraised by the said building and loan association at P5,200 only, Mendoza was required to put up an additional security to cover the deficiency of...