This case has been cited 2 times or more.
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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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2014-11-12 |
VELASCO JR., J. |
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| In Sps. Cruz vs. CA,[40] the Court again reiterated that, in an equitable mortgage, perfect title over the mortgaged property may not be secured in a pactum commissorium fashion, but only by causing the foreclosure of the mortgage and buying the same in an auction sale. The Court held - | |||||