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Republic of the Philippines vs. Gregorio Rodriguez

REPUBLIC OF THE PHILIPPINES, plaintiff-appellant, vs. GREGORIO RODRIGUEZ, defendant and appellee.

G.R. No. L-18967 | 1966-01-31

D E C I S I O N


BENGZON, J.:

This is an appeal from the order of the Court of First Instance of Negros Occidental dismissing, on the ground of prescription, the plaintiff's complaint. 

The material facts are as follows: On June 30, 1943, defendant Gregorio Rodriguez obtained a loan of P172.00 from the Bank of Taiwan, Ltd. payable on June 30, 1944; and on November 1, 1943, he obtained another loan of P150.00 from the same bank without maturity date (hence, payable on demand). These two loans are evidenced by two promissory notes, the payment of which was secured by a chattel mortgage. 

On January 21, 1946, the aforesaid two loans...