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The document discusses two cases regarding dacion en pago as a mode of extinguishing debt obligations: 1) Dao Heng Bank v. Spouses Laigo (2008): The court ruled that there was no agreement for dacion en pago between the bank and borrowers as negotiations did not result in an executed agreement. Dacion requires mutual consent to extinguish the debt obligation. 2) Filinvest Credit Corp. v. Philippine Acetylene (1982): The court ruled that mere delivery of a mortgaged vehicle by the borrower did not constit

Author

Roland Maranan

Language

EN