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PNB vs. Espinosa

THE PHILIPPINE NATIONAL BANK, plaintiff-appellant, vs. JOSE T. ESPINOSA, defendant-appellee.

G.R. No. 46294 | 1938-12-13

D E C I S I O N


CONCEPCION, J:

In a civil case against defendant a writ of execution was issued to satisfy a deficiency judgment. By virtue thereof a parcel of land belonging to him was sold at public auction to the plaintiff Philippine National Bank which was the highest bidder. Said land had been acquired by defendant under a homestead title issued on October 26, 1923 and recorded in the registry of property of the Province of Tarlac, where the land lies, on November 11, of the same year. The attachment was made on February 26, 1936 and the sale at public auction took place on May 21, following. The period of five years within which...