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Private respondent Priciliano B. Gonzales Development Corporation owned land that was mortgaged to a bank as collateral for a loan. They later signed a Deed of Sale with Assumption of Mortgage transferring the land to petitioners Rosita Flaminiano and Felicidad L. Oronce in exchange for petitioners paying off the loan. However, private respondent refused to transfer possession after one year. A dispute arose as to whether the document was a sale or equitable mortgage. While the case was pending, petitioners

Author

Charles Roger Raya

Language

EN