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Malarayat Bank by Floyd Mago is a document available to read on EtoBox.

1) The case involved a dispute over a mortgage on a property where the mortgagors were not the registered owners. 2) The Court held that the respondent bank did not exercise sufficient care and diligence in approving the loan as the mortgagors were merely attorneys-in-fact and not owners, and others were in actual possession of the property, planting crops. 3) The bank should have investigated further given these facts but turned a blind eye, and thus could not claim protection as a mortgagee in good fai

Author

Floyd Mago

Language

EN