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1) Prudential Bank provided financing to Interasia Container Industries through trust receipt agreements, where Prudential held title to goods until the advances were repaid. 2) When Interasia failed to repay, Prudential filed a third-party claim over goods seized in execution of a labor case award against Interasia. 3) The Court ruled in favor of Prudential, finding that under a trust receipt agreement the bank retains security title over goods until advances are repaid, taking precedence over claims of

Author

Leona Singgangan Lopez

Language

EN