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Joaquin Lopez Vs. Enrique P. Ochoa 103 Phil 950

JOAQUIN LOPEZ, petitioner, vs. ENRIQUE P. OCHOA, respondent.

G.R. No. L-7955 | 1958-05-30

D E C I S I O N


BAUTISTA ANGELO, J.:

This is a petition for review of a decision of the Court of Appeals modifying that of the court a quo in the sense that "all the amounts awarded . . . shall be reduced to its equivalent in actual Philippine currency in the proportion of 15 to 1", without costs.

On August 26, 1943, Enrique P. Ochoa executed in favor of Joaquin Lopez a document whereby he mortgaged a piece of land located in Manila as security for the payment of a loan in the amount of P15,000 in Japanese military notes to be paid, among other conditions, as follows:

"1. Devolera dicha cantidad en el plazo de DOS Aá'OS, a contar...