G.R. No. 179756 - RCBC vs. Royal Cargo Corp.

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G.R. No. 179756: RCBC vs. Royal Cargo Corp.

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Title Supreme Court: RCBC vs. Royal Cargo Corp.

Case: G.R. No. 179756

Decision Date: Oct 2, 2009

Terrymanila's insolvency led to RCBC foreclosing a chattel mortgage; Royal Cargo contested, claiming lack of notice. SC ruled RCBC's foreclosure valid, no notice required for attaching creditors, awarded RCBC attorney's fees.

notice of auction sale

mortgage lien

chattel mortgage

Long 24 min

1.4x of typical case length

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