G.R. No. 30266 - Asia Banking Corp. vs. Elser

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G.R. No. 30266: Asia Banking Corp. vs. Elser

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Title Supreme Court: Asia Banking Corp. vs. Elser

Case: G.R. No. 30266

Decision Date: Mar 25, 1929

Luis Yangco sold shares to Henry Elser, who assumed Yangco’s debt. Elser’s estate contested Asia Banking’s claim post-sheriff’s sale. Court ruled novation valid, debt enforceable via claims committee, not execution.

debt

credit

unpaid stock subscription

Long 21 min

1.2x of typical case length

END