G.R. No. L-12502 - Walker Rubber Corp. vs. Nederlandsch Indische and Handelsbank, N.V.

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G.R. No. L-12502: Walker Rubber Corp. vs. Nederlandsch Indische and Handelsbank, N.V.

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Title Supreme Court: Walker Rubber Corp. vs. Nederlandsch Indische and Handelsbank, N.V.

Case: G.R. No. L-12502

Decision Date: May 29, 1959

Walker Rubber Corp. defaulted on a P14,000 draft for rubber; surety paid bank, sought indemnity. Court ruled bank as holder in due course, surety entitled to reimbursement from vendee and indemnitor.

bank

surety company

vendee

Standard 15 min

0.9x of typical case length

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