This case has been cited 7 times or more.
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2015-04-22 |
BRION, J. |
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| For the presumption of an equitable mortgage to arise under any of the circumstances enumerated in Article 1602, however, two requisites must concur: (a) that the parties entered into a contract denominated as a contract of sale; and (b) that their intention was to secure an existing debt by way of mortgage.[34] | |||||
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2014-11-12 |
VELASCO JR., J. |
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| The Civil Code provisions that consider certain types of sales as equitable mortgages are intended for the protection of the unlettered such as the spouses Solitarios, who are penurious vis-a-vis their creditors.[27] In Cruz v. Court of Appeals.[28] the Court held - | |||||
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2009-11-27 |
CARPIO, J. |
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| An equitable mortgage is "one which although lacking in some formality, or form or words, or other requisites demanded by a statute, nevertheless reveals the intention of the parties to charge real property as security for a debt, and contains nothing impossible or contrary to law."[47] The essential requisites of an equitable mortgage are: The parties entered into a contract denominated as a contract of sale; and | |||||
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2007-02-09 |
CALLEJO, SR., J. |
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| An equitable mortgage is one that, although lacking in some formality, form or words, or other requisites demanded by a statute, nevertheless reveals the intention of the parties to change a real property as security for a debt and contain nothing impossible or contrary to law.[49] A contract between the parties is an equitable mortgage if the following requisites are present: (a) the parties entered into a contract denominated as a contract of sale; and (b) the intention was to secure an existing debt by way of mortgage.[50] The decisive factor is the intention of the parties. | |||||
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2006-01-20 |
YNARES-SANTIAGO, J. |
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| An equitable mortgage is defined as one which although lacking in some formality, or form or words, or other requisites demanded by a statute, nevertheless reveals the intention of the parties to charge real property as security for a debt, and contains nothing impossible or contrary to law.[15] For the presumption of an equitable mortgage to arise, two requisites must concur: (1) that the parties entered into a contract denominated as a sale; and (2) that their intention was to secure an existing debt by way of a mortgage.[16] | |||||
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2005-09-20 |
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| Articles 1602, 1603 and 1604 of the New Civil Code were designed to prevent the circumvention of the use of usury[50] and the prohibition against the creditor appropriating the mortgaged properties. Besides, in times of grave financial distress which render persons hard-pressed to answer an emergency, such persons would have no choice but to sign a deed of absolute sale of property if only to obtain a much-needed loan from unscrupulous money lenders.[51] | |||||