Singson et Al v Veloso

• Jurisdiction: Filipinas
• Court: Court of Appeals (Philippines)
• Date: 14 October 1955

Philippines, Court of Appeals.

Singson et Al.

and

Veloso et Al.

Belligerent Occupation — Legislative and Administrative Functions of Occupant — Currency Issued by Occupant — Payment of Debts in Occupation Currency.

The Facts.—This was an action for partition and accounting brought by a group of co-owners of two parcels of real estate against the administratrix and other co-owners. The Court of first instance decreed a partition and made certain orders regarding the accounting for the rent. The plaintiffs appealed from these latter orders. Among the allegations of error was the refusal of the Court to reduce, on the basis of the Ballantyne schedule, the allowance for a payment on account in Japanese currency in September 1944.

Held: that the Court was correct in refusing to apply the Ballantyne schedule in the circumstances.

The Court said: “There is no merit in the further contention of plaintiffs-appellants that the PI, 417 in Japanese military notes paid on September 6, 1944, should be reduced to Philippine pesos according to the Ballantyne schedule of monetary values. It has been held by the Supreme Court that payment made in Japanese money for obligations contracted before and during the...