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Planters Development Bank Vs. Court Of Appeals, Et Al.

PLANTERS DEVELOPMENT BANK, petitioner, vs. HON. COURT OF APPEALS, SPOUSES DOMINGO P. UY AND SY SIU KEN, respondents. R. C. Domingo, Jr. & Associates for petitioner. Willard Wong for private respondents. Valdez, Gonzales, Lucero & Associates collaborating counsel for private respondents.

G.R. No. 96357 | 1991-05-29

D E C I S I O N


GANCAYCO, J.:

This action involves the issue of whether or not the mortgagee is in good faith or not.

Domingo Uy and Manuel Uy are brothers of the full blood who together with their respective spouses are the registered co-owners in fee simple in equal shares pro indiviso, of two (2) parcels of land both situated in Barangay Lambakin, Marilao, Bulacan covered by Transfer Certificate of Title Nos. T-228169 and T-229353 issued by the Register of Deeds of Bulacan.

Manuel Uy and his spouse, Mely Tan were president and treasurer, respectively, of Sonice Enterprises, Inc., a family corporation.

On May 7, 1983, Domingo Uy...