1. OBLIGATIONS AND CONTRACT; PAYMENT; BALLANTYNE SCHEDULE OF VALUES; DOCTRINES REITERATED. — Where a debtor could have paid his obligation at any time during the Japanese occupation, payment of the same after liberation must be adjusted in accordance with the Ballantyne schedule of values.

Petition for a writ of certiorari to review the judgment of the Court of Appeals (C.A. -G. R. No. 15989-R) affirming that of the Court of First Instance of Manila (civil case No. 23691).

The Court of Appeals made the following findings:chanrob1es virtual 1aw library

Esta es una apelación de la decisión del Juzgado de Primera Instancia de Manila, cuya parte dispositiva es del siguiente tenor:jgc:chanrobles.com.ph

"For the foregoing, the court orders defendant The Insular Life Assurance Co., Ltd., to pay the plaintiffs Teresa Duat Vda. de Fernandez and Maria Teresa Fernandez, represented by her mother her co-plaintiff Teresa Duat Vda. de Fernandez, the sum of P5,000.00 in Philippine currency, full face value of the policy in question. Defendant shall also pay the costs."cralaw virtua1aw library

El 1.o. de junio de 1944 la demandada expidió la póliza de seguro de vida No. 98321 por la suma de P5,000.00 a favor de Juan D. Fernandez, en la que se hab