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Phil. International Surety Co., Inc. Vs. Fausto Gonzales, Et Al.

PHILIPPINE INTERNATIONAL SURETY CO., INC., plaintiff-appellee, vs. FAUSTO GONZALES, ET AL., defendants, SERVANDO DE LOS ANGELES, defendant-appellant.

G.R. No. L-15868 | 1961-10-31

D E C I S I O N 


CONCEPCION, J.: 

Appeal by Servando de los Angeles from a decision of the Court of First Instance of Manila, in effect affirming that of the Municipal Court of Manila, sentencing him and his co-defendant, Fausto Gonzales, to pay to plaintiff Philippine International Surety Co., Inc., the sum of P500, with interest thereon at the rate of 12% per annum, computed and compounded quarterly from June 24, 1954, plus a sum equivalent to 15% of the amount due as and for attorney's fees, and the costs of both instances. 

In March, 1954, Fausto Gonzales as principal, and plaintiff as surety, executed, in favor of the...