Lydia Cuba, a fishpond leaseholder, obtained loans from the Development Bank of the Philippines (DBP) . As security, she executed an "Assignment of Leasehold Rights." When she defaulted on her payments, DBP unilaterally appropriated her leasehold rights without a public auction or judicial foreclosure, then sold them to a third party.
Merck Millipore uses 118342 as a catalog number for a Calibration Standard (3000 IR 10,000 NTU) used in water quality testing and turbidimeters. 118342
While the legal case is the most significant "118342" topic, the number also appears in scientific and academic contexts: Lydia Cuba, a fishpond leaseholder, obtained loans from
The Supreme Court had to determine if the "Assignment of Leasehold Rights" was a legal transfer of ownership or merely a mortgage. If it were a mortgage, DBP's automatic takeover would constitute pactum commissorium —an agreement allowing a creditor to automatically own the collateral upon the debtor's default, which is strictly prohibited under Article 2088 of the Civil Code of the Philippines. While the legal case is the most significant
An epidemiological study on salivary sarcoma in Iran is cataloged under this ID in the International Journal of Cancer Management .
Decided on January 5, 1998, this case is a staple in Philippine property and credit law, specifically regarding the prohibition of pactum commissorium .
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Lydia Cuba, a fishpond leaseholder, obtained loans from the Development Bank of the Philippines (DBP) . As security, she executed an "Assignment of Leasehold Rights." When she defaulted on her payments, DBP unilaterally appropriated her leasehold rights without a public auction or judicial foreclosure, then sold them to a third party.
Merck Millipore uses 118342 as a catalog number for a Calibration Standard (3000 IR 10,000 NTU) used in water quality testing and turbidimeters.
While the legal case is the most significant "118342" topic, the number also appears in scientific and academic contexts:
The Supreme Court had to determine if the "Assignment of Leasehold Rights" was a legal transfer of ownership or merely a mortgage. If it were a mortgage, DBP's automatic takeover would constitute pactum commissorium —an agreement allowing a creditor to automatically own the collateral upon the debtor's default, which is strictly prohibited under Article 2088 of the Civil Code of the Philippines.
An epidemiological study on salivary sarcoma in Iran is cataloged under this ID in the International Journal of Cancer Management .
Decided on January 5, 1998, this case is a staple in Philippine property and credit law, specifically regarding the prohibition of pactum commissorium .
AI responses may include mistakes. For legal advice, consult a professional. Learn more