About this document
Limso vs. Philippine National Bank Cases by Jayson is a document available to read on EtoBox.
This document summarizes a Supreme Court of the Philippines decision involving multiple consolidated cases regarding loans and foreclosure of mortgaged properties. Spouses Limso and Davao Sunrise Corporation took out loans from Philippine National Bank in 1993 totaling 700 million pesos, secured by mortgages on four parcels of land. They had difficulty repaying the loans and in 1999 the loans were restructured into two new loans totaling over 1 billion pesos. However, they again defaulted on repayment. Phil
- Author
- Jayson
- Language
- EN