Rosario Gelano Vda. de Schuetze, widow of the late Adolphe Oscar Schuetze... among the personal property of the deceased was found life-insurance policy No. 194538 issued at Manila, Philippine Islands, on January 14, 1913, for the sum of $10,000 by the Sun Life Assurance Company of Canada, Manila Hranch, a foreign... corporation duly organized and existing under and by virtue of the laws of Canada, and duly authorized to transact business in the Philippine Islands
That in the insurance policy the estate of the said Adolphe Oscar Schuetze was named the beneficiary without any qualification whatsoever... for five consecutive years, the deceased Adolphe Oscar Schuetze paid the premiums of said policy to the Sun Life Assurance Company of Canada, Manila branch... he sole and only heir of the deceased Adolphe Oscar Schuetze is his widow... the Bank of the Philippine Islands as administrator of the decedent's estate received from the Sun Life Assurance Company of Canada, Manila branch, the sum of P20,150 representing the proceeds of the insurance policy... the Bank of the Philippine Islands delivered to the plaintiff herein the said sum of P20,150... the herein defendant on or about July 6, 1929,... imposed an inheritance tax upon the transmission of the proceeds of the policy in question in the sum of P20,150 from the estate of the late Adolphe Oscar Schuetze to the sole heir of the... deceased, or the plaintiff herein, which inheritance tax amounted to the sum of P1,209;
hus both according to our Civil Code and to the ruling of those North American States where the Spanish Civil Code once governed, the proceeds of a life-insurance policy whereon the premiums were paid with conjugal money, belong to the conjugal... partnership.
The appellee alleges that it is a fundamental principle
ccording to the agreed statement of facts mentioned above, the plaintiff-appellant, the Bank of the Philippine Islands, was appointed administrator of the late Adolphe Oscar Schuetze's testament