Estate of K.H. Hemady v. Luzon Surety [November 28, 1956]
In Estate of K.H. Hemady v. Luzon Surety, the Supreme Court ruled that a surety’s obligations are transmissible to heirs upon death. The Court allowed Luzon Surety’s contingent claims against Hemady’s estate, emphasizing that such obligations are not strictly personal and thus pass to successors.
Estate of K.H. Hemady v. Luzon Surety [November 28, 1956] Read More »