"The 'credit' of an individual means his ability to borrow money by virtue of the confidence or trust reposed by a lender that he will pay what he may promise."
Justice George A. Malcolm, People v. Concepcion, 44 Phil. 126 (1922).

3.07.2018

Additional Assignment: Philippine Natural Resources as Collateral

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China loans: PH natural resources as collateral?

In the context of Credit Transactions, explain whether or not a pledge or mortgage of Philippine natural resources by the Government is valid.

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