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1) The issue in this case is whether certain machinery located on leased land is personal property or real property. 2) The land was leased by the Davao Saw Mill Company to operate a sawmill. The lease agreement stated that buildings and improvements would become the property of the landowner at the end of the lease, but machinery would remain the property of the sawmill company. 3) The sawmill company was subject to a court judgment and the machinery was seized. It claimed the machinery was real property

Author

Asaiah Windsor

Language

EN