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What is Government vs. Monte de Piedad Case about?

The Supreme Court of the Philippines ruled in favor of the government in a case regarding $80,000 that had been given to El Monte de Piedad y Caja de Ahorros de Manila (a pawnshop and savings bank) in 1883 from earthquake relief funds. The money was given on the condition that it be returned if the Spanish government did not approve, but it was never returned. Over time, heirs to those originally allotted relief funds began requesting payment. This led the Philippine government to sue to recover the $80,000

Author

invictusinc

Language

EN