WebMay 11, 2024 · Generally, a mortgage is a legal agreement by which two parties, the creditor and the debtor, arrange for a loan agreement that sees the former lend money to the … WebAnswer: Praise be to Allah; and may His blessings and peace be upon our Prophet Mohammad and upon his Family and Companions. It isn`t a condition that a mortgaged item should be owned by a debtor because a mortgage is a security for the debt due on him, and since it is permissible for the owner of the item to mortgage it in return for the debt ...
G.R. No. L-50449 - Lawphil
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WebIn the present case, the petitioner, exercising one of the options open to it under the terms of the chattel mortgage, elected to extrajudicially foreclose the mortgage, and as a step preliminary to such foreclosure, sought for the possession of the mortgaged car and in the alternative, prayed for the payment by the private respondent of the principal sum of … WebAccordingly, the mortgaged vehicle was returned to the appellee together with the document "Voluntary Surrender with Special Power of Attorney To Sell" 3 executed by appellant on March 12, 1973 and confirmed to by appellee's vice-president. On April 4, 1973, appellee wrote a letter ... WebMar 2, 2024 · LTO Renewal Fees. The fees for LTO renewal are the same as that of the initial registration, but you also have to pay a renewal fee of ₱400. Under Republic Act … thai to russian