Philippine Merchant and Marine School vs Court of Appeals
Full description
Property Case Digests
CASE DIGEST
PNB vs Sapphire Shipping DIGESTFull description
Case Digest
CRIMPRO Rule 112
Philippine National Bank vs. Court of Appeals, 98 SCRA 207
FACS!
Rosa "er "er #ort$a$e to Philippine Philippine National Bank %PNB& an entire par'el of lan( to se'ure a loan o)taine( fro# PNB. *n the #ean+hile, Rosa "er faile( to fulfill its o)li$ation +ith anila ra(in$ Co#pan- %C&. So the sai( 'o#pan- levie( upon her share in the lot in uestion an( ha( the atta'h#ent annotate( on the title. Rosa "er/s "er/s interest in the lot in uestion +as after+ar(s sol( at pu)li' au'tion, au'tion, at +hi'h the C +as the hi$hest )i((er. A (ee( of sale in favor of the C +as annotate( on the title. C sol( its ri$hts over the lot in uestion to Santia$o Sa#)rano, +ho se'ure( the annotation annotation of the sai( sale on the title. Be'ause Rosa "er faile( to settle her o)li$ation +ith the PNB, the latter sol( at pu)li' au'tion the +hole lot that the for#er ha( #ort$a$e( to it, an( in the sa#e au'tion sale, PNB e#er$e( as the hi$hest )i((er. After the perio( of re(e#ption ha( epire( +ithout the propert- havin$ )een re(ee#e(, PNB 'onsoli(ate( its title over it. PNB sol( the propert- in uestion to Feli1ar(o Re-es as a result of +hi'h a ne+ o+ner/s (upli'ate 'ertifi'ate of title +as issue(. RC rule( in favor of C. CA affir#e(.
*SS3!
4hether or not a pur'haser is )a( faith if there is a pen(in$ noti'e of lis pen(ens.
R5*N6!
3S. 4ell 4ell settle( settle( is the rule that one +ho )u-s lan lan( ( +he +here re there is a pen(in$ pen(in$ not noti'e i'e of lis pendens is a pur'haser in )a( faith. Feli1ar(o Re-es, Re-es, in this 'ase, is a pur'haser in )a( faith. A noti'e noti'e pendens havin$ )een annotate( )- Santia$o Sa#)rano on the 'ertifi'ate of title 'overin$ the of lis pendens
propert- so#eti#e )efore the sale thereof +as #a(e )- the PNB in favor of Re-es. he annotation +as #a(e in relation to a pen(in$ 'ivil 'ase )et+een C an( Rosa "er.
