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Chilianchin vs. Coquinco

LUCIO PALANCA CHILIANCHIN, plaintiff-appellant, vs. EUSEBIO COQUINCO, defendant-appellee.

G.R. No. L-1355 | 1949-10-12

D E C I S I O N

FERIA, J p:

The plaintiff mortgaged on July 30, 1941, the property he seeks to recover in the present case, to secure the payment of the sum of P22,000 Philippine currency he borrowed from Bartolome E. San Diego, within three years "with interest of 10 per cent per annum payable monthly in advance within the first ten days of every month, plus 10 per cent on the said P22,000 as penalty in case of default of payment of said interest as stipulated, together with an additional 10 per cent of the total sum due, owing and unpaid at the time any legal action is brought in the proper court for collection thereof . . ."
On June...