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TIAN CHIONG,
Defendant.
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COMPLAINT
1
4. In plaintiffs said title, T.C.T. No. T-129-2013002674, an encumbrance
appears which reads, to wit:
Which encumbrance was copied from the previous cancelled title, T.C.T. No.
T-110,981, Reg. Book No. 573, page 140 per annotation in plaintiffs said
title;
“The Statute of limitations has been enacted, which provides that such
rights prescribe after a certain period of time, in order that it may serve
alike as a punishment for those who do not know how to look after
their own interest and as a source of reassurance to those who may have
rested in the belief that their creditors have waived their rights, and also
to insure economic stability and the certainty of rights” (Villareal J. in
Lutero vs Siuliong & Co., 54 Phil. 272, 280, as quoted in Eduardo
Jalandoni et al vs. Philippine National Bank and Court of First Instance
of Negros Occidental, En Banc, G.R. No. L-47579 October 9, 1981);
PRAYER