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What is Litonjua vs. L&R Corp: Mortgage Dispute about?

The Supreme Court of the Philippines ruled on a case involving a loan obtained by spouses Reynaldo and Erlinda Litonjua from L&R Corporation secured by a mortgage on their property. The loan agreement gave L&R the right of first refusal if the property was subsequently sold. The spouses sold the property to Philippine White House Auto Supply without notifying L&R. The Court affirmed the lower court

Author

Jem

Language

EN