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Joaquin Ibanez De Aldecoa Y Palet vs. Hongkong & Shanghai Banking Corp. (HSBC) 30 Phil 228

JOAQUIN IBANEZ DE ALDECOA Y PALET ET AL., plaintiffs-appellants, vs. THE HONGKONG & SHANGHAI BANKING CORPORATION, ET AL., defendants-appellants.

G.R. No. 6889 | 1915-03-23

D E C I S I O N

TRENT, J.:

This is an appeal from the judgment of the Court of First Instance of the city of Manila entered on the 27th day of January, 1911.

This action was commenced in October, 1908, by Joaquin Ibañez de Aldecoa and Zoilo lbañez de Aldecoa to cancel a certain instrument of mortgage executed by them, jointly with Aldecoa & Co. and Isabel Palet, in favor of the Hongkong and Shanghai Banking Corporation. By this mortgage various properties of Aldecoa & Co., of Isabel Palet, and of the plaintiffs were hypothecated to secure the payment unto the bank of an overdraft of Aldecoa & Co., amounting to...