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Landbank Loan Case Summary 2023 by Kisses is a document available to read on EtoBox.

This document is a summary of the case Landbank v. Ong (G.R. No. 190755). The case involved spouses Sy who obtained a 16 million peso loan from Landbank secured by property, but failed to pay. They then sold the property to Alfredo Ong. When Ong paid the remaining amount, Landbank did not approve the assumption of mortgage due to Ong having past due loans elsewhere. Landbank foreclosed on the property. The Supreme Court ruled that Landbank was unjustly enriched by accepting Ong

Author

Kisses

Language

EN