About this document

Ayala Investment v. Ching: Loan Liability by Michelle Vale Cruz is a document available to read on EtoBox.

The Philippine Blooming Mills (PBM) obtained a loan from Ayala Investment and Development Corporation (AIDC) and Alfredo Ching made himself jointly liable for the debt as security. When PBM failed to repay the loan, AIDC sued PBM and Ching. The court ruled in favor of AIDC and ordered repayment. AIDC then seized three properties belonging to Ching and his spouse. Ching

Author

Michelle Vale Cruz

Language

EN