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The Compania Agricola Filipina (CAF) purchased rice cleaning machines from Frank L. Strong Machinery Co. and installed them in a building owned by CAF. CAF executed a chattel mortgage on the machines and building as security for the purchase price. When CAF failed to pay, Strong Machinery foreclosed on the mortgage and purchased the building, registering the sale in the Chattel Mortgage Registry. Strong Machinery also later purchased the land from CAF. Meanwhile, Leung Yee, a creditor of CAF, purchased the

Author

SM BAr

Language

EN