G.R. No. L-22973 - Mambulao Lumber Co. vs. Philippine National Bank

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G.R. No. L-22973: Mambulao Lumber Co. vs. Philippine National Bank

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Title Supreme Court: Mambulao Lumber Co. vs. Philippine National Bank

Case: G.R. No. L-22973

Decision Date: Jan 30, 1968

Mambulao Lumber Co. defaulted on a PNB loan; PNB foreclosed mortgaged assets. Court ruled foreclosure invalid due to venue breach and bulk sale, awarding damages and chattel value to plaintiff.

expenses

foreclosure sale

chattel mortgage

Very Long 40 min

2.4x of typical case length

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