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Alfonso De Los Reyes, Et Al. vs. Luis De Leon 120 Phil. 29

ALFONSO DE LOS REYES, ET AL., plaintiffs-appellees, vs. LUIS DE LEON, defendant-appellant.

G.R. No. L-16217 | 1964-05-25

D E C I S I O N 


MAKALINTAL, J.: 

 This appeal was originally filed with the Court of Appeals. Subsequently, it was endorsed to and accepted by this Court for the reason that the issues raised involve only question of law. 

 As security for a loan of P60,000, Japanese Currency, obtained from the herein appellant, the appellees executed two mortgage agreements in favor of the former. The first, entitled "Real Estate Mortgage" and executed on July 4, 1944, so far as germane to this litigation, provided: 

 "That for and in consideration of the loan of Forty thousand pesos (P40,000.00), Philippine Currency,...