Intro. To Law
Intro. To Law
Intro. To Law
1-a
a) As finance officer of K and Co., Victorino
arranged a loan of P5 million from PNB for the
corporation. However, he was required by the
bank to sign a Continuing Surety Agreement to
secure the repayment of the loan. The corporation
failed to pay the loan, and the bank obtained a
judgment against it and Victorino, jointly and
severally. To enforce the judgment, the sherif
levied on a farm owned by the conjugal
partnership of Victorino and his wife Elsa. Is the
levy proper or not? (3%)
UP Suggested Answer:
The levy is not proper there being no showing that
the surety agreement executed by the husband
redounded to the benefit of the family. An
obligation contracted by the husband alone is
chargeable against the conjugal partnership only
when it was contracted for the benefit of the
family. When the obligation was contracted on
behalf of the family business the law presumes
that such obligation will redound to the benefit of
the family. However, when the obligation was to
guarantee the debt of a third party, as in the
problem, the obligation is presumed for the
2002 Q. No.7-b
VII.
Way back in 1948, Windas husband sold in favour
of Verde Sports Center Corp. (Verde) a 10-hectar
property belonging to their conjugal partnership.
The sale was made without Windas knowledge,
much less consent. In 1950, Winda learned of the
sale, when she discovered the deed of sale among
the documents in her husbands vault after his
demise. Soon after, she noticed that the
construction of the sports complex has started.
Upon completion of the construction in 1952, she
tried but failed to get free membership privileges
in Verde. Winda now file a suit against Verde for
the annulment of the sale on the ground that she
did not consent to the sale. In answer, Verde
contends that, in accordance with the Spanish
Civil Code which was then in force, the sale in
1948 of the property did not need her
UP Alternative Answer:
B. Windas claim that her Torrens Title covering
the property is indefeasible and imprescriptible
[does not hold water] is not tenable. The rule of
indefeasibility of a Torrens Title means that after
one year from the date of issue of the decree of
registration or if the land has fallen into the hands
of an innocent purchaser for value, the title
becomes incontestable and incontrovertible.
IMPRESCRIPTIBILITY, on the other hand, means
that no title to the land in derogation of that of the
registered owner may be acquired by adverse
possession or acquisitive prescription or that the
registered owner does not lose by extinctive
prescription his right to recover ownership and
possession of the land. The action in this case is
for annulment of the sale executed by the
husband over a conjugal partnership property
covered by a Torrens Title. Action on contracts are
subject to prescription.
2000 Q. No. 1-b
On April 15, 1980, Rene and Angelina were
married
to
each
other
without
a
marriagesettlement. In 1985, they acquired a
parcel of land in Quezon City. On June 1, 1990,
whenAngelina was away in Baguio, Rene sold the