Carpo v. Chua

LABOR II | B2015 CASES !ach%, he prem$se %as #ha# #he "ompla$n# %as on% or annu!+%n$ o vo"#a/!% con$rac$1 $hu /arr%# /0 230%ar pr%cr"p$"v% p%r"o#,  h$s "aused #he (rs# "ase #o )e (led %$#h %$#h #he SC.

Carpo v Chua September 30, 2005 Tinga, J: Rods, sorry medyo detailed ung case

 he CA annulled #he RC RC RO' sa!$ng #ha# $# %as #he m$n$s#er$al du#! of  #he lo%er lo%er "our# "our# #o $ssue $ssue a %r$# %r$# of posse possess$ ss$on on %hen #$#le #$#le o+er o+er #he proper#! "onsol$da#ed $n #he mor#gagee. SUMMARY: Sps Carpo loaned from Chua and Ng. he! se"ured #h$s %$#h a realmor#gaged es#a#e mor#gage of had #he$r)een house and lo#. &hen #he! fa$led #o pa!' #h$s %as fore"losed. he! fa$led #o redeem' hen"e a %r$# of possess$on %as $ssued #o Chua and Ng. he! (led an a"#$on #o annul #he real es#a#e mor#gage ISSUES: and fore"losure' )as$"all! sa!$ng #ha# #he $n#eres# ra#es are un"ons"$ona)le. un"ons"$ona)le. he RC $ssued a RO #o en*o$n #he %r$# of possess$on' and pe#$#$on %as 5ON a-r%%# ra$% "n$%r%$ nu!!RO. an# SC vo"#1 (led )! responden#s %$#h #he CA. he RC de"$ded on #he ma$n "ase )! sa!$ng 4, #ha#(IMPT!) $# $s )arred )!$h% pres"r$p#$on. CA o annulled #he"RC " $n 0%1 5ON va!"#"$0 va!"#"$0 r%a! %$a$% "onsol$da#ed #he 2 "ases' and ruled #ha# #he real es#a#e mor#gage "anno# )e annulled'an# s$n"e a long l$ne"$ofa6%c$ "ases' $h% #he +al$d$#! ofo #he$h% $n#eres# does +or$-a-% no# a,e"# #he +al$d$#! of #he ma$n o)l$ga#$on' and s$n"e #he real es#a#e mor#gage $s an"$llar! #o su"h ma$n o)l$ga#$on' $# "anno# )e null$(ed as %ell. 7, 5ON CA cou!# prop%r! prop%r!0 0 %n$%r$a %n$%r$a"n "n p%$"$"on p%$"$"on or c%r$"ora c%r$"orar" r" ro+ $"+%!"n% ap%c$8 an# $#5ON CAe-$s# corr%c$!0 DOCTRINE:  he "ons$dera#$on "ons$dera#$on for #he mor#gage mor#gage $s also #ha# of #he pr$n"$pal pr$n"$pal "on#ra"#' and from su"h pr$n"$pal pr$n"$pa l "on#ra"# "anno# "anno# as an conc!u#%# $ha$ o po%"on cou!# no !on-%r /% $a0%# $ndependen# "on#ra"#. Be$ng a mere a""essor! a""essor! "on#ra"#' $#s +al$d$#! %ould depend on #ha# of 'r"$ #he loan se"ured )! $#. 

An usur$ous loan $s no# a "omple#e null$#! )u# defe"#$+e onl! %$#h respe"# #o #heRATIO: agreed $n#eres#. ollo%$ng #h$s "on"lus$on' #he loan $s +al$d e+en %hen #he $n#eres# $s no#' and also $# follo%s #ha# #he mor#gage $s +al$d. 4, e#$#$oners8 argumen#s9 #he agreed ra#e of $n#eres# of : per mon#h or 42: per annum $s so e-"ess$ e-"ess$+e' +e' $n$;u$#ous' $n$;u$#ous' un"ons"$o un"ons"$ona)le na)le and  he pur"haser pur"haser $n a fore"losure fore"losure sale sale $s en#$#led as a ma##er of r$gh# r$gh# #o a %r$# of possess$on' of of %he#her #here #here null $s a pend$ng pend su$# for annulmen# annu lmen# e-or)$#an# regardless #ha# $# should )e de"lared and $ng +o$d. he! should ha+e of #he mor#gage or #he fore"losure pro"eed$ngs. pro"eed$ngs. )een de"lared #o )e l$a)le for #he or$g$nal amoun# of #he loan plus 12: per annum.  he proper remed! for #he pe#$#$oners $n #h$s "ase $s an a"#$on #o annul #he $n#eres# $n#eres# ra#e' %h$"h %h$"h does no# no# pres"r$)e.  he "our# d$s"ussed #he "ase of