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1. Ladera vs Hodges
2. Mindanao Bus Co., vs City Assessor and treasurer
Doctrine:
PROPERTY;
IMMOVABLE
PROPERTY
BY
DESTINATION;
TWO
REQUISITES
BEFORE
MOVABLES MAY BE DEEMED TO HAVE BEEN
IMMOBILIZED; TOOLS AND EQUIPMENTS MERELY
INCIDENTAL TO BUSINESS NOT SUBJECT TO REAL
ESTATE TAX. Movable equipments, to be
immobilized in contemplation of Article 415 of the Civil
Code, must be the essential and principal elements of
an industry or works which are carried on in a building
or on a piece of land. Thus, where the business is one
of transportation, which is carried on without a repair or
service shop, and its rolling equipment is repaired or
serviced in a shop belonging to another, the tools and
equipments in its repair shop which appear movable
are merely incidentals and may not be considered
immovables, and, hence, not subject to assessment as
real estate for purposes of the real estate tax.
3. Makati Leasing & Finance vs Weaver Textiles
Doctrine:
CIVIL LAW; PROPERTY; MACHINERY THOUGH
IMMOBILIZED BY DESTINATION IF TREATED BY
THE PARTIES AS A PERSONALTY FOR PURPOSES
OF A CHATTEL MORTGAGE LEGAL, WHERE NO
THIRD PARTY IS PREJUDICED. The next and the
more crucial question to be resolved in this petition is
whether the machinery in suit is real or personal
property from the point of view of the parties.
OWNERSHIP
1. Javier vs Veridiano
Doctrine: