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George Pay filed a petition to have Segundina Chua appointed as administratrix of property that belonged to deceased Justo Palanca in order to collect on a promissory note. The promissory note, dated January 30, 1952, showed that Palanca and another person promised to pay George Pay P26,900 plus 12% interest either upon receiving funds from another estate or upon demand. The Court ruled that because the note was payable upon demand, the obligation was immediately due. As more than 10 years had passed since

Author

Larraine Fallong

Language

EN