Finance lease Archives

PCI Leasing vs. Giraffe-X-Creative [July 12, 2007]

In PCI Leasing vs. Giraffe-X Creative, the Supreme Court of the Philippines determined that a finance lease, despite lacking an explicit purchase option, was effectively a sale with an option to buy. Consequently, under the Recto Law, the lessor cannot both repossess the property and demand payment of unpaid installments.

FEB Leasing and Finance Corp. vs. Sps. Baylon [June 29, 2011]

Leave a Comment / Case Digests, Commercial Law, Insurance Law / amicusph

In FEB Leasing and Finance Corp. v. Spouses Baylon, the Supreme Court ruled that the registered owner of a vehicle, even if leased to another party, is directly and primarily responsible for damages caused by the vehicle. This liability exists regardless of any exemption clauses in the lease contract.

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