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  • Tan Vs CA (& Singson) 1989: Article 1990-1192 (Resolutory Condition, Remedies, Effects Of, Offset Equitably)

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    Coco Navarro
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    Tan sold property to Singson with a resolutory condition that if Singson failed to pay the mortgage, Tan could repossess the property. Singson failed to pay the mortgage and the Development Bank of the Philippines foreclosed. The Supreme Court ruled that there was an equitable offset, so Tan had to pay Singson the amount by which the market value of the property exceeded the unpaid mortgage, before Tan could repossess the property.

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    Tan v CA digest, oblicon

    Titolo originale

    Tan v CA

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    Tan sold property to Singson with a resolutory condition that if Singson failed to pay the mortgage, Tan could repossess the property. Singson failed to pay the mortgage and the Development Bank of the Philippines foreclosed. The Supreme Court ruled that there was an equitable offset, so Tan had to pay Singson the amount by which the market value of the property exceeded the unpaid mortgage, before Tan could repossess the property.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    23 visualizzazioni1 pagina

    Tan Vs CA (& Singson) 1989: Article 1990-1192 (Resolutory Condition, Remedies, Effects Of, Offset Equitably)

    Caricato da

    Coco Navarro
    Tan sold property to Singson with a resolutory condition that if Singson failed to pay the mortgage, Tan could repossess the property. Singson failed to pay the mortgage and the Development Bank of the Philippines foreclosed. The Supreme Court ruled that there was an equitable offset, so Tan had to pay Singson the amount by which the market value of the property exceeded the unpaid mortgage, before Tan could repossess the property.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 1

    Article 1990-1192 (Resolutory Condition, remedies, effects of, offset equitably) Tan vs CA (& Singson) 1989

    (Keys: Baguio Easter Rd. property, delayed mortgage cancellation, DBP)

    (Coco Navarro, 1F)

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