Back

Capitol Rural Bank of Quezon City, Inc. vs. Meridian Assurance Corporation

CAPITOL RURAL BANK OF QUEZON CITY, INC., plaintiff-appellee, vs. MERIDIAN ASSURANCE CORPORATION, defendant-appellant.

G.R. No. 54416 | 1980-10-17

D E C I S I O N


AQUINO, J.:

The city court of Quezon City in its judgment dated November 10, 1967 ordered Elsie Romero and Meridian Assurance Corporation to pay solidarily to the Capitol Rural Bank of Quezon City, Inc. the sum of P4,750.30 with twelve percent interest per annum from September 29, 1965 plus two hundred pesos as attorney's fees (pp. 28-29, Record on Appeal).

The judgment was based on a promissory note executed in favor of the bank by Elsie Romero and Meridian Assurance Corporation as solidary debtors. At the hearing on October 20, 1967, Elsie Romero's counsel did not appear. Meridian's substitute counsel appeared. The...