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Siy Cong Bieng & Co. vs Hongkong & Shanghai Banking Corporation

SIY CONG BIENG & CO., INC., plaintiff-appellee, vs. HONGKONG & SHANGHAI BANKING CORPORATION, defendant-aPpellanSIY CONG BIENG & CO., INC., plaintiff-appellee, vs. HONGKONG & SHANGHAI BANKING CORPORATION, defendant-appellant

G.R. No. 34655 | 1932-03-05

D E C I S I O N


OSTRAND, J:

This action was brought in the Court of First Instance of Manila to recover the sum of P31,645, the value of 464 bales of hemp deposited in certain bonded warehouses as evidenced by the quedans (warehouse receipts) described in the complaint, said quedans having been delivered as pledge by one Otto Ranft to the herein defendant, the Hong Kong and Shanghai Banking Corporation, for the graduate of a preexisting debt of the former to the latter. The record shows that both parties, through their respective counsel, subscribed and submitted to the court below the following agreement of facts:

"STIPULATIONS OF...