G.R. No. L-21069 - Manila Surety and Fidelity Co., Inc. vs. Velayo

Manila Surety and Fidelity Co., Inc. vs. Velayo

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Title Supreme Court: Manila Surety and Fidelity Co., Inc. vs. Velayo

Case: G.R. No. L-21069

Decision Date: Oct 26, 1967

Manila Surety & Fidelity Co. sued Rodolfo Velayo for unpaid debt after selling pledged jewelry. SC ruled sale extinguished Velayo's liability under Art. 2115, barring deficiency recovery; only premiums owed.

bond

jewelry

sale

Very Short 6 min

END