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Vestre vs. Sanchez

JOSE SILVESTRE, SERVILLANO DE LA CRUZ, JR., ELEODORO M. BENITEZ, JACINTA MEJIA DE REYES, and LIBERATO LITTAUA, petitioners, vs. CONRADO SANCHEZ, Judge of First Instance of Manila, LADISLAO PASICOLAN, Ex-officio Sheriff of City of Manila, D. B. AMBROSIO, TOMAS DEL RIO, and TEOPISTO S. MIRASOL, respondents.

G.R. No. L-1828 | 1948-02-26

D E C I S I O N

MORAN, C. J:

D. B. Ambrosio, one of the respondents herein, as registered owner of a vessel designated "International Trader" executed three mortgages thereon, the first in favor of Tomas del Rio in the amount of approximately P31,000, the second in favor of Teopisto S. Mirasol, in the amount of approximately P37,000, and the third in favor of Rafael Fernandez in the amount of P20,000 or more. Upon failure of D. B. Ambrosio to meet his obligations with the aforementioned mortgages, the latter moved for the extrajudicial sale of the vessel. However, before the holding of the sale, Jose Silvestre, Servillano de la Cruz,...