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What is Dayrit v. Court of Appeals Case Summary about?

This case involves a loan and mortgage agreement between Mobil Oil Philippines Inc. and three joint debtors. The debtors defaulted on the agreement and Mobil Oil obtained a judgment against them. One of the debtors, Dayrit, argued he should be allowed to deposit just his 1/3 share of the loan to release the mortgaged properties he owned, even though the other 2/3 of the loan was still unpaid. The RTC and CA rejected this argument, finding that under the terms of the agreement and judgment, the properties co

Author

Julia Camille Real

Language

EN