This case has been cited 1 times or more.
|
2012-07-25 |
SERENO, J. |
||||
| Petitioner is correct. We have already established in Union Bank of the Philippines v. Court of Appeals,[19] citing Ponce de Leon v. Rehabilitation Finance Corporation[20] and Sy v. Court of Appeals,[21] that the General Banking Act - being a special and subsequent legislation has the effect of amending Section 6 of Act No. 3135, insofar as the redemption price is concerned, when the mortgagee is a bank. Thus, the amount to be paid in redeeming the property is determined by the General Banking Act, and not by the Rules of Court in Relation to Act 3135. | |||||