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Lapu Lapu Foundation vs. Allied Bank Case by D Del Sal is a document available to read on EtoBox.

This case involves a dispute over loans obtained by Elias Q. Tan, the former president of Lapulapu Foundation, Inc., from Allied Banking Corporation in 1977. The Foundation denied responsibility for repaying the loans, arguing that Tan obtained them personally. The Bank sued both Tan and the Foundation for repayment. The RTC and CA both ruled that Tan and the Foundation were jointly and solidarily liable based on the promissory notes and other documents showing the Foundation was obligated. The Supreme Cour

Author

D Del Sal

Language

EN