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Jul 22, 2003civil-lawequitable-mortgagefinancial-leasingsale-leasebackdeed-of-assignmentsupreme-court
Compromise Agreements Upholding Obligations AND Equitable Relief IN Property Disputes
Philippine Supreme Court ruling on sale-leaseback arrangements, equitable mortgages, and deed of assignment effects on debtor obligations.
Jul 22, 2003financing leaseequitable mortgagesale-leasebackcontract reformationphilippine civil code
When a Sale-Leaseback Is Really a Loan: Cebu Contractors Consortium v. Court of Appeals
The Supreme Court ruled that a sale-leaseback arrangement was actually an equitable mortgage, not a true financing lease, and ordered the contract reformed.