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About Petitioner Respondents Nicolás Belmonte Benjamín T. de Peralta Tolentino & Garcia D. R. Cruz Inc. Jose B. Macatañgay
1. Enrique Lopez supplied lumber for the construction of the Plaza Theatre building owned by Plaza Theatre Inc. on land previously owned by Vicente Orosa Jr. Lopez was not fully paid for the materials. 2. Lopez filed a case seeking to attach a lien to the building and land to recover the unpaid amount. However, the court found that a materialman's lien only attaches to the building, not the land, and that the interest of the mortgagee bank on the land was superior. 3. Various parties filed claims in the case involving the ownership of the building and land, an assignment of shares intended as collateral, and a petition by the surety company regarding its interests in the property.
Detailed Information
| Author: | ['chan.a'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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