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Carried Lumber Company vs. ACCFA [DECISION]

CARRIED LUMBER COMPANY, plaintiff-appellee vs. AGRICULTURAL CREDIT AND COOPERATIVE FINANCING ADMINISTRATION (ACCFA), defendant-appellant.

G.R. No. L-21836 | 1975-04-22

D E C I S I O N
 
AQUINO, J.:
 
This is a case regarding concurrence and preference of credits.

The Agricultural Credit and Cooperative Financing Adminis­tration (ACCFA)* appealed on pure questions of law from the decision of the Court of First Instance of Pangasinan, holding that the Carried Lumber Company has a lien over the warehouse and ricemill building of the Sta. Barbara Facoma in the amount of P5,610.50 plus P45 as sheriff's fee (Civil Case No. D-1174).

In that decision it was further held that the lien was superior to the ACCFA's mortgage credit and that the company was entitled to the material possession of...