Case Digest (G.R. No. 22738) Core Legal Reasoning Model
Core Legal Reasoning Model
Facts:
In Ong Guan Can and the Bank of the Philippine Islands vs. The Century Insurance Co., Ltd. (46 Phil. 592; December 2, 1924), plaintiffs Ong Guan Can and the Bank of the Philippine Islands obtained in the Court of First Instance of Iloilo a judgment dated April 19, 1924, for ₱45,000 plus legal interest from February 28, 1923, representing the value of fire insurance policies on a house (₱30,000) and merchandise (₱15,000) destroyed by fire on the early morning of February 28, 1923. The defendant insurance company appealed, insisting that under clause 14 of the policy conditions it could elect to rebuild the insured building—albeit smaller and of lower‐grade materials—rather than pay the amount insured, and that such election should relieve it from monetary indemnity. The lower court denied this option, finding that no formal election notice had been given to the insured and that the proposed reconstruction did not match the original in size or quality.Issues:
- May the insurer, u
Case Digest (G.R. No. 22738) Expanded Legal Reasoning Model
Expanded Legal Reasoning Model
error code: 1015