G.R. No. 138292 - Korea Exchange Bank vs. Filkor Business Integrated, Inc.

Korea Exchange Bank vs. Filkor Business Integrated, Inc.

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Title Supreme Court: Korea Exchange Bank vs. Filkor Business Integrated, Inc.

Case: G.R. No. 138292

Decision Date: Apr 10, 2002

Filkor borrowed $140K, defaulted, and failed to comply with trust receipts. Petitioner sued for foreclosure, but trial court ruled it as a collection case. Supreme Court reversed, affirming foreclosure as the proper remedy.

real estate mortgage

foreclosure

petition

Short 11 min

END