Based on the
foregoing disquisition, we find that the RTC had sufficient bases to issue the
writ of preliminary mandatory injunction as all the requisites for the issuance
of such writ were established. We agree
with the RTC that respondent has a right to recover the five titles because
petitioner failed to comply with his obligation to respondent. It bears stressing that respondent was
compelled to directly pay CMC to avoid the foreclosure of the chattel mortgages, which respondent executed
in favor of CMC. Considering that
respondent has paid most, if not all, of its obligations to CMC, there is no
reason for petitioner to hold on to the titles (Goerge S. H. Sy, etc. Vs.
Autobus Transport System, Inc., G.R. No. 176898. December 3, 2012).
Saturday, December 29, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment