This case has been cited 4 times or more.
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2005-03-18 |
CARPIO, J. |
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| Unlike the practice of lending investors, the lending activities of insurance companies are circumscribed and strictly regulated by the State. Insurance companies cannot freely lend to "themselves or others" as lending investors can,[25] nor can insurance companies grant simply any kind of loan. Even prior to 1978, the Insurance Code prescribed strict rules for the granting of loans by insurance companies.[26] These provisions on mortgage, collateral and policy loans were reiterated in the Insurance Code of 1978 and are still in force today. | |||||
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2004-06-30 |
PANGANIBAN, J. |
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| The fundamental purpose of the Land Registration Law (Act No. 496, now PD 1529) is to finally settle title to real property[12] in order to preempt any question on the legality of the title -- except claims that were noted on the certificate itself at the time of registration or those that arose subsequent thereto.[13] Consequently, once the title is registered under the said law, owners can rest secure on their ownership and possession. | |||||
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2002-01-31 |
PARDO, J. |
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| Petitioners assert that as the Court of Appeals annulled Cebu Country Club, Inc.'s title in the Cabrera-Ingles case, so too must the title in this case be declared void. In the first place, there is no identity of parties; secondly, neither the titles to nor the parcels of land involved are the same. Consequently, the doctrine of res-judicata does not apply.[45] Momentarily casting aside the doctrine of res-judicata, there is an important moiety in the Cabrera-Ingles case. There, the Director of Lands, after the administrative reconstitution of the title, issued a directive to the Register of Deeds to register the lot in question in favor of Graciano Ingles.[46] This superseded the administrative reconstitution, rendering allegations of fraud irrelevant. Here, the Director of Lands did not issue a directive to register the land in favor of Tomas N. Alonso. And worse, the sales patent and corresponding deed of sale executed in 1926 are now stale.[47] | |||||