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Leelin, Marketing Corp. Vs. C & S Agro Development Co., et al.

LEELIN, MARKETING CORPORATION, plaintiff-appellant, vs. C & S AGRO DEVELOPMENT COMPANY, MARIO SANTOS & AURELIO CARTA?O, defendants, BELFAST SURETY & INSURANCE CO., INC., bondsman-appellee.

G.R. No. L-38971 | 1983-04-28

D E C I S I O N


MELENCIO-HERRERA, J.:

Is the counterbond put up by a surety company for the discharge of an attachment liable for the money judgment in favor of the judgment creditor? That issue being purely legal, the then Court of Appeals certified the appeal before it to this Tribunal.

This was an action originally for a sum of money filed by plaintiff Leelin Marketing Corp. (LEELIN, for short) against defendants Mario Santos and Aurelio Cartaño doing business under the name and style of C & S Agro Development Company before the Court of First Instance of Camarines Sur. LEELIN procured a writ of preliminary attachment upon...