Can I read Philippine National Bank vs. Heirs of Benedicto and Azucena Alonday G.R. No. 171865. October 12, 2016. on EtoBox?
Philippine National Bank vs. Heirs of Benedicto and Azucena Alonday G.R. No. 171865. October 12, 2016. by VK is a document available to read on EtoBox.
What is Philippine National Bank vs. Heirs of Benedicto and Azucena Alonday G.R. No. 171865. October 12, 2016. about?
The issue is whether a blanket mortgage clause can secure future loans after the secured loan is fully paid. The Court held that the blanket clause cannot secure a prior agricultural loan that was not expressly included in the mortgage contract for a subsequent commercial loan that was already fully paid. The blanket clause is only valid if the secured future loans are sufficiently described.
- Author
- VK
- Language
- EN