DBP vs. Hydro Resources (HRCC) Digest
Facts DBP and PNB foreclosed NMIC’s properties which made the former as the majority stockholder of the latter. NMIC then engaged the services of Hercon/HRCC. NMIC failed to pay Hercon/HRCC. After default and several demands, Hercon sued NMIC, DBP and PNB to be solidarily liable. Cory Aquino then privatized DBP/PNB, transferring their shares to the […]
Palay Inc. vs. Clave
Facts In 1965, Palay Inc thru its President, executed a Contract to Sell in favor of private respondent Nazario Dumpit, a parcel of land in Antipolo Rizal. Terms include DP and installments. Dumpit delayed in payment, wrote to Palay re assignment of his rights to Lourdes. Palay replied that his CTS has been rescinded pursuant […]
English