G.R. No. L-13708 - Security Bank and Trust Co., Inc. vs. Globe Assurance Co., Inc.

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G.R. No. L-13708: Security Bank and Trust Co., Inc. vs. Globe Assurance Co., Inc.

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Title Supreme Court: Security Bank and Trust Co., Inc. vs. Globe Assurance Co., Inc.

Case: G.R. No. L-13708

Decision Date: Apr 27, 1960

Globe Assurance Co. filed claims against Vicente Legarda's estate for unpaid promissory notes and indemnity agreements. The Supreme Court upheld the validity of indemnity agreements, ruling recovery before payment enforceable, and ordered the estate to pay debts directly to creditors.

testate proceeding

recover

valid stipulations

Very Short 6 min

0.3x of typical case length

END