Question: Country: Philippines Topic: Pledge X, at Y's request, executed a Real Estate Mortgage (REM) on his (X's) land to secure Y's loan from Z. Z
Country: Philippines
Topic: Pledge
X, at Y's request, executed a Real Estate Mortgage (REM) on his (X's) land to secure Y's loan from Z. Z successfully foreclosed the REM when Y defaulted on the loan but half of Y's obligation remained unpaid. May Z sue X to enforce his right to the deficiency?Give concrete reasons.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
