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Luneta Motor Company Vs. Antonio Menendez, Et Al. 117 Phil. 970

LUNETA MOTOR COMPANY, plaintiff-appellee, vs. ANTONIO MENENDEZ and CARLOS BARANDA, defendants, LUZON SURETY CO., INC., defendant-appellant.

G.R. No. L-16880 | 1963-04-30

D E C I S I O N


REGALA, J.:

Appeal from an order of the Manila Court of First Instance directing the Luzon Surety Co., Inc. to pay the Luneta Motor Co. the amount of P3,098.00 plus 12% interest thereon from July 29, 1953 and another 20% thereof for attorney's fees, plus costs of suit.
It appears that Antonio Menendez obtained a loan from the Luneta Motor Co. in the amount of P6,200.00 with which to complete payment for a motor vehicle which the former had purchased from a certain Salud vda. de Vergara. A promissory note was executed to evidence the loan secured by a chattel mortgage on the same motor vehicle. Of the said loan, only...