Question
D borrows P10,000 from C. As security for the debt, it was agreed that D should Mortgage his parcel of land in favor of C.
D borrows P10,000 from C. As security for the debt, it was agreed that D should
Mortgage his parcel of land in favor of C. However, the document as written is one of Antichresis, the parties erroneously believing that it has the same effect as a mortgage.
What is the Status of the contract? Explain.
What is the remedy of the parties? Explain.
Step by Step Solution
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The contract between D and C is one of antichresis which is a special type of contract where a credi...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
