About this document
De Agbayani v. PNB: Mortgage Prescription Ruling by Julius Edward Guzman is a document available to read on EtoBox.
The document discusses a case regarding whether a mortgage had prescribed. It describes a loan taken out in 1939 that the bank tried to foreclose on in 1959. The key issue was whether Executive Order 32, which suspended debt obligations from 1945 to 1953 due to war effects, prevented the prescription period from lapsing. The court ultimately held that the mortgage had not prescribed since the order was an operative fact that suspended the prescription period, even though the order was later declared unconst
- Author
- Julius Edward Guzman
- Language
- EN