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ACCAOP vs. Palabrica

AGRICULTURAL CREDIT COOPERATIVE ASSOCIATION OF PASSI, plaintiff-appellant, vs. RUFINO PALABRICA, defendant-appellee.

G.R. No. 48810 | 1943-05-21

D E C I S I O N

OZAETA, J:

On October 31, 1927, Francisco Palabrica signed a promissory note in favor of the plaintiff in the sum of P350 payable on April 30, 1928, with interest thereon at the rate of 10% per annum. On the same date he and his wife Paula Palencia executed a mortgage on a parcel of land described in original certificate of title No. 23617 to secure the payment of said promissory note. On September 28, 1936, the plaintiff secured a personal judgment on said promissory note in the justice of the peace court of Passi, Iloilo, against Francisco Palabrica for the total sum of P592.36, including accrued interest and attorney's...