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Trust Receipt Law and Liability Analysis by LD is a document available to read on EtoBox.

This document discusses a contract dispute between spouses Quirino and Gloria Dela Cruz and Planters Products, Inc. It finds that the contract was not a true trust receipt transaction as defined by law because the return of the goods was not possible, meaning the only obligation was to return the sale proceeds. It clarifies that under the terms of the agreement, Gloria assumed liability as an assignor "with recourse" of the trust agreements signed by farmer participants, making her directly liable to Plante

Author

LD

Language

EN