Bicol Savings v. CA: Alia, The Following Stipulation
Bicol Savings v. CA: Alia, The Following Stipulation
Bicol Savings v. CA: Alia, The Following Stipulation
CA
FACTS:
Juan de Jesus was the owner of a parcel of land, containing
an area of 6,870 sq. ms., more or less, situated in Naga City.
He executed a Special Power of Attorney in favor of his son,
Jose de Jesus:
"To negotiate, mortgage my real property in any bank either
private or public entity preferably in the Bicol Savings Bank,
Naga City, in any amount that may be agreed upon between
the bank and my attorney-in-fact." (CA Decision, p. 44,
Rollo)