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1) Prudential Bank provided financing to INTERASIA through trust receipts for plastic merchandise. 2) NLRC ordered INTERASIA to pay employee benefits and the sheriff seized the plastic merchandise to satisfy the order. 3) Prudential Bank claimed ownership of the seized goods based on the trust receipts. The Supreme Court ruled that Prudential Bank has a valid security interest as the entruster over the goods that is preferred over the claims of INTERASIA

Author

Pam Otic-Reyes

Language

EN