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Land Bank vs. ACDC: Trust Receipt Dispute by Anonymous qjsSkwF is a document available to read on EtoBox.

The Land Bank of the Philippines (LBP) extended credit to Asian Construction and Development Corporation (ACDC) to buy construction materials. ACDC executed trust receipts for the materials but failed to return the proceeds or materials when the receipts matured. LBP argued this was estafa, while ACDC claimed they had not been paid by their clients for the construction projects. The Court of Appeals ruled it was a loan, not a trust receipt transaction. The Supreme Court affirmed, finding LBP knowingly deliv

Author

Anonymous qjsSkwF

Language

EN