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Notor vs. Martinez, et al

JACINTO NOTOR, petitioner, vs. RAMON MARTINEZ, as guardian of the incompetent, Pedro Martinez, and THE COURT OF APPEALS, respondents.

G.R. No. L-1892 | 1949-08-16

D E C I S I O N

PARAS, J p:

On February 28, 1943, Pio Martinez, as guardian of Pedro Martinez, executed a promissory note for P2,000 in favor of Jacinto Notor, with interest at 10 per cent annually, and payable within two years from said date. In a mortgage executed on March 28, 1943, covering said note, it was further provided that the contract was "renewable at the discretion of the mortgagee," and that the mortgagor promised to pay the sum specified in the note "according to the terms thereof". Due to additional sums subsequently obtained from Jacinto Notor, plus interest, the total indebtedness amounted as of January 29, 1945, to...