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Rodolfo Guerrero vs. Court Of Appeals, Et Al.

RODOLFO GUERRERO, petitioner, vs. THE HON. COURT OF APPEALS and ALTO SURETY & INSURANCE CO., INC., respondents.

G.R. No. L-22366 | 1969-10-30

D E C I S I O N 


CASTRO, J.: 

Appeal by certiorari from the decision of the Court of Appeals in CA-G.R. 29164-R, entitled "Alto Surety & Insurance Company, Inc., plaintiff-appellee, vs. Rodolfo Guerrero, defendant-appellant. 

Sometime in September 1963 Jose Robles borrowed the sum of P25,000 from Chan Too, to ensure payment of which the Alto Surety & Insurance Co., Inc. (hereinafter referred to as ALTO) executed a bond for P25,000 in favor of Chan Too, whereby it bound itself jointly and severally with Robles for the payment of the loan to Chan Too. In consideration for the issuance of the said bond, Robles Vicente...