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Phil. Trust Company vs. Araneta et al

PHILIPPINE TRUST COMPANY, petitioner, vs. LUIS MA. ARANETA ET AL., respondents.

G.R. No. L-2734 | 1949-03-17

D E C I S I O N

FERIA, J p:

This is an appeal by certiorari filed by the petitioner Philippine Trust Co. a banking corporation from the decision of the Court of Appeals, which affirms the judgment of the Court of First Instance of Manila.

Before the occupation of Manila by the Japanese military forces, the respondent and appellee Luis Ma. Araneta was indebted to the petitioner and appellant in the sum of P4,000, and as a collateral therefor said respondent pledged the certificates of stock listed in the decision of the Court of First Instance. The balance of P3,683.60 was, upon demand of the appellant, paid by the appellee on May 2,...