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Galar vs. Isasi

LUIS GALAR, plaintiff and appellee, vs. JUAN ISASI, defendant and appellant

47 O.G. 6241 | 1949-09-14

      [No. 3395-R. september 14, 1949
LUIS GALAR, plaintiff and appellee, vs. JUAN ISASI, defendant and appellant

      [No. 3396-R. September 14, 1949]
ABERRI, INC., plaintiff and appellant, vs. LUIS GALAR, defendant and appellee

1. OBLIGATIONS AND CONTRACTS; DEBTOR AND CREDITOR; PROMISSORY NOTES; DEMAND NOTE, ITS NATURE AND LEGAL EFFECT.- A demand note is subject to neither a suspensive condition nor a suspensive period. The demand is not a condition precedent, since the effectivity and binding effect of the note does not depend upon the making of the demand; the note is binding even before the demand is made....