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                    [ArticleID] => 269563
                    [Title] => Is registration of assignment of chattel mortgage needed to bind third parties?
                    [Summary] => In the subject Credit Transactions, law students often take up the case of Yap Tico vs. Sison, 37 Phil. 584 (1918). Devoid of verbal trappings, the facts involved a creditor who extended a loan secured by a chattel  mortgage. The original creditor assigned the chattel mortgage to another, without giving actual notice to the debtor. The new creditor, however, registered the assignment in the chattel mortgage registry. In the absence of actual knowledge, the debtor continued to pay the original creditor. When the loan was paid, the new creditor demanded payment.
                    [DatePublished] => 2005-03-08 00:00:00
                    [ColumnID] => 135291
                    [Focus] => 0
                    [AuthorID] => 1657117
                    [AuthorName] => POINT OF LAW By Rolando F. Del Castillo
                    [SectionName] => Business
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YAP TICO

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                    [Title] => Is registration of assignment of chattel mortgage needed to bind third parties?
                    [Summary] => In the subject Credit Transactions, law students often take up the case of Yap Tico vs. Sison, 37 Phil. 584 (1918). Devoid of verbal trappings, the facts involved a creditor who extended a loan secured by a chattel  mortgage. The original creditor assigned the chattel mortgage to another, without giving actual notice to the debtor. The new creditor, however, registered the assignment in the chattel mortgage registry. In the absence of actual knowledge, the debtor continued to pay the original creditor. When the loan was paid, the new creditor demanded payment.
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                    [AuthorName] => POINT OF LAW By Rolando F. Del Castillo
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Is registration of assignment of chattel mortgage needed to bind third parties?

By POINT OF LAW By Rolando F. Del Castillo | March 8, 2005 - 12:00am

In the subject Credit Transactions, law students often take up the case of Yap Tico vs. Sison, 37 Phil. 584 (1918). Devoid of verbal trappings, the facts involved a creditor who extended a loan secured by a chattel...

Business