About this document
Lipat vs. Pacific Bank: Mortgage Case Review by Lalaine Felix is a document available to read on EtoBox.
This document is a summary of a Supreme Court of the Philippines case from 2003. [1] The petitioners owned a business called BET that took out a loan from Pacific Bank secured by real estate, then incorporated the business as BEC. [2] BEC took out additional loans also secured by the real estate. When BEC defaulted, the real estate was foreclosed. The petitioners sued to annul this but lost. [3] Both the trial court and appellate court applied the doctrine of piercing the corporate veil, finding BEC was an
- Author
- Lalaine Felix
- Language
- EN