Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

under Recto Law Exception: Legal Pledge Rule as to the Excess belongs to the Excess belongs to the Excess belongs to excess of proceeds pledgee-creditor

image text in transcribed
image text in transcribed
under Recto Law Exception: Legal Pledge Rule as to the Excess belongs to the Excess belongs to the Excess belongs to excess of proceeds pledgee-creditor unless mortgagor unless there the mortgagor there is a stipulation to is a stipulation to the unless there is a the contrary. contrary. stipulation to the contrary

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting and Analysis

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

6th edition

9780077632182, 78025672, 77632184, 978-0078025679

Students also viewed these Law questions