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Chattel Mortgage Validity in Philippines by John Basil Manuel is a document available to read on EtoBox.

What is Chattel Mortgage Validity in Philippines about?

This document is a summary of a Supreme Court of the Philippines case regarding whether a clause in a chattel mortgage can extend its coverage to future obligations not yet incurred. The key issue is that while a chattel mortgage can include a binding promise to cover future debts, the security itself only applies to debts existing at the time the mortgage is constituted. Since the 1978 chattel mortgage in question was for a loan that was fully paid, there was no longer a valid mortgage that could secure

Author

John Basil Manuel

Language

EN