G.R. No. 159622 - Landl and Company Inc. vs. Metropolitan Bank and Trust Co.

Landl and Company Inc. vs. Metropolitan Bank and Trust Co.

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Title Supreme Court: Landl and Company Inc. vs. Metropolitan Bank and Trust Co.

Case: G.R. No. 159622

Decision Date: Jul 30, 2004

Petitioners defaulted on a trust receipt obligation; Metrobank repossessed and auctioned goods, recovering insufficient funds. SC upheld deficiency recovery, recalculated debt, and affirmed solidary liability of sureties.

defaulted loan

trust receipt

directors

Long 21 min

END