About this document
Central Bank v. CA: Loan Default Ruling by Silver Anthony Juarez Patoc is a document available to read on EtoBox.
1) Tolentino applied for an P80,000 loan from ISB secured by a mortgage over his 100-ha land. ISB only released P17,000 and failed to release the P63,000 balance. 2) Both parties were in default - ISB for failing to release the full loan amount, and Tolentino for failing to pay the P17,000 loan. They are both liable for damages. 3) While Tolentino must pay the P17,000 loan plus interest, the mortgage can only be foreclosed on 21.25 ha of land, representing the portion securing the P17,000 loan. The mort
- Author
- Silver Anthony Juarez Patoc
- Language
- EN