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R.F.C. Vs. Honorable Court Of Appeals, Et Al. 094 Phil 984

REHABILITATION FINANCE CORPORATION, petitioner, vs. THE HONORABLE COURT OF APPEALS, ESTELITO MADRID and JESUS ANDUIZA, respondents.

G.R. No. L-5942 | 1954-05-14

D E C I S I O N


CONCEPCION, J.:

This is an appeal by certiorari, taken by the Rehabilitation Finance Corporation, hereinafter referred to as the Bank, from a decision of the Court of Appeals. The pertinent facts are set forth in said decision, from which we quote:

'On or before October 31, 1951 for value received, I/we, jointly executed the following promissory note -

'P13,800.00 Legaspi, Albay, October 31, 1941.

'On or before October 31, 1951 for value received, I/we, jointly and severally, promise to pay the AGRICULTURAL AND INDUSTRIAL BANK, or order, at its office at Manila or Agency at Legaspi, Albay, Philippines, the sum of...