Académique Documents
Professionnel Documents
Culture Documents
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
Search
PhilippineLaw.info
The most comprehensive free-access online database of Philippine law materials.
PhilippineLaw.info
LikePage
8.9klikes
1/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
Gumawa
Facebook
Profile
Kumonekta sa
Kaibigan, Kapamilya at
Kaklase. Gumawa ng
Profile Ngayon!
2/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
3/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
4/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
5/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
6/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
7/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
8/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
http://philippinelaw.info/jurisprudence/gr3377pimentelvgutierrez.html
9/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
10/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
11/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
court will not therefore be set aside for the reasons contended
for by the appellant.
Our conclusions upon all of the facts of the record are as
follows:
First. That the plaintiff loaned to the defendant, upon the 20th
day of March, 1901, the sum of P3,000, at 10 per cent per annum.
Second. That upon the 1st day of December, 1904, the plaintiff
agreed to relieve the defendant from the necessity of paying
interest upon the said sum thereafter. (See Exhibit C.)
Third. That the defendant had paid to the plaintiff the sums of
P747.03 and P38.35, to be applied on the payment of the interest
of said note, or a total of P785.38.
Fourth. That under the terms of the contract the defendants
were each liable to pay an aliquot part of the said original
contract.
Fifth. That the estate of Leon Montaa not being represented in
this action, no judgment can be rendered against him or his
personal representative.
The contract was executed and delivered on the 20th day of
March, 1901, and drew interest at the rate of 10 per cent until
the 1st day of December, 1904. The defendants had paid to the
plaintiff the sum of P785.38. This amount was applied to the
payment of the interest by the plaintiff. The interest due upon
the 1st day of December, 1904, was P1,109.16. Deducting the
amount paid (P785.38) from the amount of interest due
(P1,109.16) left a balance of interest unpaid on the 1st day of
December, 1904, of P323.78. The total amount due on said
contract, then, on the 1st day of December, 1904, was the
amount of the original contract (P3,000) plus the interest
unpaid (P323.78) making a total of P3,323.78. This action was
commenced on the 27th day of February, 1905. The plaintiff is
entitled, therefore, to draw interest from the date of the judicial
demand (the 27th of February, 1905).
http://philippinelaw.info/jurisprudence/gr3377pimentelvgutierrez.html
12/13
7/11/2015
G.R.No.3377,Pimentelv.Gutierrez,14Phil.49PhilippineLaw.info
http://philippinelaw.info/jurisprudence/gr3377pimentelvgutierrez.html
13/13