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Macondray & Co., Inc. vs. Ruiz, et al

MACONDRAY & CO., INC., plaintiff-appellant, vs. ANTONIO E. RUIZ and ERNESTO CUISIA, defendants-appellees.

G.R. No. 44671 | 1938-11-26

D E C I S I O N


IMPERIAL, J:

On January 21, 1932 plaintiff sold to the defendant Antonio E. Ruiz an automobile "De Sotto De Luze Sedan" for P3,572. They agreed that defendant would pay in cash P302 and for the balance of P3,270 he would execute several promissory notes in different amounts maturing on different dates. The defendant executed jointly with one Ramon Borromeo 27 promissory notes wherein both undertook to pay jointly and severally the value of said notes on the dates of their maturity. In addition, Ruiz mortgaged the automobile, executing the corresponding deed. Ruiz made some payments on account of his promissory notes and...