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Gibbs vs. Rodriguez [RESOLUTION]

ALLISON J. GIBBS, as executor of the will of A. D. Gibbs, deceased, ALLISON J. GIBBS and FINLEY J. GIBBS, plaintiffs-appellees, vs. EULOGIO RODRIGUEZ, SR., LUZON SURETY CO., INC., PHILIPPINE NATIONAL BANK and MARIANO VILLANUEVA, as Register of Deeds, defendants-appellants.

G.R. No. L-1494 | 1950-12-21

RESOLUTION
 
FERIA, J.:

This is a motion for reconsideration of the decision of this Court in the present case filed by the plaintiffs on the grounds (I) that "even if it is assumed that the Japanese had authority to demand payment of plaintiffs' U. S. dollar credit in Japanese military pesos, the payments allegedly made by the defendants to the Japanese should be credited against the amount owed to plaintiffs only at the express mortgage rate, namely, at the cost in Japanese military pesos  (or at the fair rate of exchange) of the U. S. dollar demand draft on New York called for in the mortgage; this would leave a balance...