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Associated Insurance& Surety Co., Inc., vs. Antonio Banzon, Et., Al.

ASSOCIATED INSURANCE& SURETY CO., INC., plaintiff appellee, vs. ANTONIO BANZON and ROSA BALMACEDA, defendants-appellants.

G.R. No. L-23971 | 1968-11-29

D E C I S I O N 


DIZON, J.: 

In Civil Case No. 31237 of the Court of First Instance of Manila, Branch IV, entitled "Associated Insurance and Surety Co., Inc., vs. Maximo Sta. Maria and Antonio R. Banzon," judgment was rendered as follows: 

"IN VIEW WHEREOF, the Court renders judgment condemning defendants to pay jointly and severally unto plaintiff but for the benefit of the Philippine National Bank the amounts of P6,100.00, P9,346.44 and P14,811.42, all with interest at the rate of 12% per annum from date of the filing of the complaint until fully paid; (b) to pay the amount of P593.76 representing premiums and documentary...