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What is Property Classification in Philippine Law about?
1) Makati Leasing and Finance Corp. v. Wearever Textile Mills, Inc. involved a dispute over whether a machinery subject to a chattel mortgage was considered real or personal property. The Supreme Court ruled it was personal property that could be subject to a chattel mortgage. 2) Prudential Bank v. Panis established that a real estate mortgage can be constituted on a building erected on land belonging to another, as a building is considered an immovable property that can be mortgaged separately from the l
- Author
- seentherellaaa
- Language
- EN