Practice question
What did China Banking v Ortega hold about RA 1405 and garnishment to execute a final judgment?
- RA 1405 does not place the judgment debtor's peso deposits beyond execution
- Every peso deposit is forever exempt from execution
- The sheriff owns the debtor's deposits personally
- A bank becomes the judgment debtor in every case
- Any private letter is enough to seize deposits
Legal references
- China Banking v Ortega,GR L-34964,January 31 1973,main opinion: https://lawphil.net/judjuris/juri1973/jan1973/gr_34964_1973.html
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