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Summit Guaranty & Insurance Co.,Inc. vs. Republic of the Philippines

SUMMIT GUARANTY & INSURANCE CO., INC., appellant, vs. REPUBLIC OF THE PHILIPPINES, appellee.

G.R. No. L-44694 | 1976-12-29

D E C I S I O N

MUá'OZ PALMA, J:

The only issued in this appeal is whether or not appellant, Summit Guaranty & Insurance Co., Inc., is entitled to a reduction of its liability on the surety bond filed in Criminal Case No. 3857 entitled "People of the Philippines vs. Oscar Eclevia" of the Court of First Instance of Rizal (Pasig). 1
The following incidents are undisputed:

On September 8, 1972, appellant surety filed in the above-mentioned case a bail bond for P2,000.00 to secure the provisional release of the accused Oscar Eclevia who was charged with "direct assault". For failure of said accused to appear at the hearing on October 16,...