G.R. No. L-48958 - Citizens Surety and Insurance Co., Inc. vs. Court of Appeals

Citizens Surety and Insurance Co., Inc. vs. Court of Appeals

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Title Supreme Court: Citizens Surety and Insurance Co., Inc. vs. Court of Appeals

Case: G.R. No. L-48958

Decision Date: Jun 28, 1988

A surety company sought reimbursement from an estate after default, claiming indemnity agreements were unfulfilled; courts ruled collateral assignment didn’t extinguish obligations.

surety bonds

deed of assignment

obligation

Short 13 min

END