COMMERCIAL AND TAXATION LAWS BAR QUESTIONS 2026
1. Enrique purchased a subdivision unit from Everstone Realty Corporation. He fully paid the purchase price after entering into a loan as well as executing a mortgage over the same unit with Money Bank. Thereafter, Money Bank assigned the loan and mortgage over the unit to Vault Bank, whose President was Jan. However, Everstone Realty Corporation, Money Bank, and Vault Bank were all dissolved. Inasmuch as the title over the same unit has not been released in favor of Enrique despite full payment of the purchase price, Enrique sued Jan for the release of the title over the unit and damages. Will the action prosper? Explain. 2. I&U Corp. is a holding company engaged in diverse businesses, including the distribution of petroleum products, with assets in the Philippines worth at lea...