Back

Placida Clemente De Belarmino, Et Al Vs. Pedro De Mesa

PLACIDA CLEMENTE DE BELARMINO and MAURO BELARMINO, plaintiffs-appellants, vs. PEDRO DE MESA, defendant-appellee.

G.R. No. L-1986 | 1950-01-28

D E C I S I O N


MORAN, C.J.:

This is an appeal upon a question of law taken from a decision of the Court of First Instance of Laguna wherein the action brought by plaintiffs-appellants against defendant-appellee was dismissed.

In the mortgage contract executed by appellants in favor of appellee on November 18, 1940 it was agreed, among others that:

"The condition of this mortgage is such that if the mortgagor shall well and truly pay or cause to be paid to the mortgagee, his heirs or assigns, within five (5) years from the execution of this instrument, the said seven thousand five hundred (7,500) pesos, Philippine currency, in...