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Buiser vs. Cabrera

EUTIQUIANO BUISER, petitioner, vs. BASILIA CABRERA, ETC., respondents.

G.R. No. 49217 | 1948-10-21

D E C I S I O N

OZAETA, J:

On November 26, 1930, Artemio Fule as principal and Nemesio Cabrera as surety executed a mortgage in favor of the Philippine Education Co., Inc., to secure the payment of any and all sums of money not to exceed P3,930 which Artemio Fule might be obligated to pay to the said company. The mortgage encumbered four parcels of land and a house of strong materials belonging to the surety Nemesio Cabrera with an aggregate assessed value of P8,185.38.

In or before 1933 the Philippine Education Co., Inc., instituted civil case No. 6189 in the Court of First Instance of Laguna against Artemio Fule and Nemesio Cabrera to...