Question
1.Hero is the landowner of Lot 555, a piece of land located in Seremban. His daughter, Julie, applied for a loan from Big Bank which
1.Hero is the landowner of Lot 555, a piece of land located in Seremban. His daughter, Julie, applied for a loan from Big Bank which requires security for the loan. Julie obtained the issue document of title for Lot 555 from Hero, telling him that it was needed for the purposes of property evaluation. However, Julie gave the issue document of title to Big Bank to secure her loan instead. A lien holder's caveat was entered by Big Bank over Lot 555.
Two years later, Julie failed to repay the loan to Big Bank despite some notices of demand from the latter. Lately, Big Bank has obtained a judgement for the amount due against Julie. This came to the knowledge of Hero who just realized that the issue document of title for Lot 555 was never returned to him. Julie finally confessed to her father that she had deposited the issue document of title with Big Bank to secure her loan. Hero comes to you seeking your advice on the matter. Advice him.
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