Title
PNB-Republic Bank vs. Sian-Limsiaco
Case
G.R. No. 196323
Decision Date
Feb 8, 2021
Remedios and Roy sought to cancel mortgage liens on properties due to Maybank's failure to collect or foreclose within the prescriptive period. The Supreme Court affirmed the cancellation, ruling the loans and mortgages unenforceable due to prescription and upholding the respondents' authority to sue.
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Case Summary (G.R. No. 196323)

Applicable Law and Authorities

Governing procedural provisions and authorities relied upon include: Rule 45, Section 1 of the Rules of Court (limits of certiorari by petition for review); Rule 3, Sections 2 and 3 of the Rules of Court (real parties in interest; representatives and agents); Article 1882 of the Civil Code (limits of agent’s authority); Section 112 of the Land Registration Act as interpreted in jurisdictional jurisprudence; and cited precedents such as Tongonan Holdings v. Escano, Jr., Salcedo v. People, Gatan v. Vinarao, Diokno v. Cacdac, Hernandez v. Rural Bank of Lucena, Inc., Rehabilitation Finance Corporation v. Alto Surety & Insurance Co., Inc., and other procedural jurisprudence referenced by the courts below.

Factual Background — Loans and Mortgages

Between 1979 and 1984, respondent obtained multiple sugar crop loans from Maybank (P142,500 in 1979; P307,700 in 1982 jointly with her son; P110,000 in 1984). Each loan was due within one year. The loans were secured by Real Estate Mortgages (REMs) executed through Special Powers of Attorney (SPAs) on specified titled parcels owned by third parties (listed by lot numbers and TCTs in the record). Maybank did not demand payment, initiate collection, or foreclose on these loans for many years.

Transfer of Receivables and Assignment Allegation

Maybank asserted that its assets and liabilities, including receivables, had been assigned to PNB by a Deed of Assignment dated July 20, 1998, and subsequently transfers of receivables to BSP were referenced in the record. The Deed of Assignment was presented to the RTC and to the appellate courts as proof when petitioner sought substitution of parties or asserted indispensability of BSP.

Trial Court Petition and Early Proceedings

After a lapse of approximately 17 years from the loans’ due dates, Remedios and Roy filed a petition in the RTC of Himamaylan to cancel the mortgage annotations on grounds of prescription and extinction of the loan obligations. Maybank attempted to have PNB substituted as respondent based on the Deed of Assignment; the RTC required further proof and denied substitution. A motion to dismiss on demurrer by counsel purportedly appearing for PNB was denied for lack of proof of authority to represent Maybank. Proceedings continued and evidence was taken.

RTC Ruling

On June 24, 2003, the RTC granted the petition, declaring the enumerated mortgage contracts unenforceable and of no force and effect due to prescription, and ordering the cancellation of the annotated mortgage entries on the specified titles without the need to present original duplicate titles to the Registers of Deeds. The RTC treated the petition as within its cadastral and substantive jurisdiction under the circumstances presented.

Issues Raised on Appeal to the Court of Appeals

Maybank appealed raising, among others, that (1) the case was not filed in the name of real parties in interest and thus the RTC had no jurisdiction to act; (2) respondent lacked cause of action and authority to sue; and (3) indispensable parties—specifically BSP as assignee and the registered owners of the mortgaged properties—were not impleaded, rendering any judgment void.

Court of Appeals Decision

The CA denied Maybank’s appeal and affirmed the RTC in toto. The CA analyzed whether the appeal presented questions proper for appellate review, evaluated the probative value of the Deed of Assignment, and found the principal loan obligations prescribed. The CA applied pertinent rules on real parties in interest, agents suing in their own names for undisclosed principals, and the nature of an action to cancel a mortgage as personal rather than real.

Questions Presented to the Supreme Court

Maybank’s Rule 45 petition to the Supreme Court essentially challenged (1) whether the CA erred in affirming judgment despite respondent not being the real party in interest; (2) whether respondent had legal capacity or authority to sue; and (3) whether the CA erred in affirming cancellation of mortgage liens when an indispensable party (BSP) was not included.

Rule 45 Threshold: Questions of Law vs. Fact

The Supreme Court first addressed whether the petition raised reviewable questions of law under Section 1, Rule 45. It explained the established test distinguishing questions of law from questions of fact: an issue is one of law if resolution rests solely on legal principles applied to undisputed facts and does not require reweighing the evidence. The Court found that many of petitioner’s issues invoked legal principles applied to undisputed facts and therefore were proper for review. The Court noted recognized exceptions allowing limited review of factual findings in a Rule 45 petition where grave abuse, contradiction, speculation, or other enumerated defects are present; none of those exceptions justified reexamination of the CA’s factual findings here.

Indispensable Party Argument and Evidence Appraisal

The Court declined to re-evaluate the lower courts’ factual appraisal of the Deed of Assignment purporting to show BSP’s interest, noting that the probative value of that document was a factual matter outside the scope of Rule 45 review. The Court observed the Deed as presented did not clearly demonstrate the assignment of the specific sugar crop loans, and the lower courts legitimately found it lacking in probative value. Because the indispensability argument hinged on that factual assessment, the Supreme Court declined to disturb the finding that BSP was not shown to be an indispensable party on the record.

Real Parties-in-Interest, Agency, and Authority to Sue

The Court examined Sections 2 and 3, Rule 3 of the Rules of Court regarding real parties in interest and representatives. It explained that an agent may sue or be sued in his or her own name for the benefit of an undisclosed principal except when the contract involves things belonging to the principal. The Court reasoned that mortgage contracts are accessory to the principal loan contract and do not themselves “involve” the mortgaged real property in the sense that would mandate joining the owners when an agent sues to cancel the mortgage. Jurisprudence was cited distinguishing an action to cancel a mortgage (personal action) from an action to foreclose (real action affecting title). On this basis, respondent validly instituted the petition in her own name as agent acting within the scope of authority conferred by the SPAs.

Scope of Agent’s Authority and Ratification

Relying on Article 1882 of the Civil Code, the Court found that the special authority granted to respondent to encumber the owners’ titles implicitly included authority to perform acts advantageous to the principals, including acts to disencumber the titles. The record reflected that the registered owners did not object to respondent’s authority during proceedings, and their failure to challenge the agency effectively ratified respondent’s action. Thus, the absence of joinder of the mortgagor-owners was not fatal to the petition.

Prescription of Principal Obligations and Effect on Mortgages

The Court emphasized that the principal loan obligations had become unenforceable by prescription, and because the REMs are accessory to those loans,

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