2024 Bar Exam Case Digest: Non-Party Bank Funds Seized to Pay Another's Judgment Debt|Law Requisites

Non-Party Bank Funds Seized to Pay Another's Judgment Debt
[ G.R. No. 190517. July 27, 2022 ]
METROPOLITAN BANK AND TRUST CO., PETITIONER, VS. RADIO PHILIPPINES NETWORK, INC., INTERCONTINENTAL BROADCASTING CORP., AND BANAHAW BROADCASTING CORPORATION, THRU THE BOARD OF ADMINISTRATORS, RESPONDENTS.

Description: Can your assets be taken to pay someone else's debt? This bank found out the hard way. Read this case digest to find out how the Supreme Court allowed a non-party bank's funds to be seized to pay another bank's judgment debt. Learn about the legal issue of executing judgments against non-parties, the facts of Traders Royal Bank vs RPN, the court's ruling on premature jurisdiction over garnishees, and key doctrines on executing money judgments and writs of garnishment in the Philippines.

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