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    Gonzales V La Previsora

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    Kat Jolejole
    Mendoza applied for a loan of P9,000 from La Previsora Filipina to construct a house, and Gonzales consented to mortgage his land and building as collateral security for the loan. The issue is whether Mendoza and Gonzales are solidary liable to La Previsora for the loan. The court held that Mendoza and Gonzales are not solidary liable because the contract does not clearly state that Gonzales is a co-borrower with Mendoza or that they are jointly and severally liable for the full amount of the loan, even if they were co-borrowers.

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    Gonzales V La Previsora

    Uploaded by

    Kat Jolejole
    35 views1 page
    Mendoza applied for a loan of P9,000 from La Previsora Filipina to construct a house, and Gonzales consented to mortgage his land and building as collateral security for the loan. The issue is whether Mendoza and Gonzales are solidary liable to La Previsora for the loan. The court held that Mendoza and Gonzales are not solidary liable because the contract does not clearly state that Gonzales is a co-borrower with Mendoza or that they are jointly and severally liable for the full amount of the loan, even if they were co-borrowers.

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    gonzales v la previsora digest

    Original Title

    Gonzales v La Previsora

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    Mendoza applied for a loan of P9,000 from La Previsora Filipina to construct a house, and Gonzales consented to mortgage his land and building as collateral security for the loan. The issue is whether Mendoza and Gonzales are solidary liable to La Previsora for the loan. The court held that Mendoza and Gonzales are not solidary liable because the contract does not clearly state that Gonzales is a co-borrower with Mendoza or that they are jointly and severally liable for the full amount of the loan, even if they were co-borrowers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views1 page

    Gonzales V La Previsora

    Uploaded by

    Kat Jolejole
    Mendoza applied for a loan of P9,000 from La Previsora Filipina to construct a house, and Gonzales consented to mortgage his land and building as collateral security for the loan. The issue is whether Mendoza and Gonzales are solidary liable to La Previsora for the loan. The court held that Mendoza and Gonzales are not solidary liable because the contract does not clearly state that Gonzales is a co-borrower with Mendoza or that they are jointly and severally liable for the full amount of the loan, even if they were co-borrowers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    GIL GONZALES v.

    LA PREVISORA FILIPINA
    [G.R. No. 48699. March 30, 1943.]
    Facts:
    Mendoza applied to La Previsora Filipina for a loan of P9,000 to be invested in
    the construction of a house of strong materials and other improvements on
    his lot. Gonzales consented to mortgaged his land and building as a collateral
    security for the loan applied by Mendoza.
    Issue:
    Are Mendoza and Gonzales solidary liable to La Previsora?
    Held:
    No. It does not clearly and unequivocally appear from the contract in
    question that Gonzales is a coborrower of Mendoza; nor is there any express
    stipulation therein that Gonzales is jointly and severally liable with Mendoza
    for the entire amount of the loan. Even if Mendoza and Gonzales were
    coborrowers they would not be bound in solido in the absence of an express
    stipulation to that effect.

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