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What is the status of the contract

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Question - D borrows P10,000 from C. As security for the debt, it was agreed that D should Mortgage his parcel of land in favor of C. However, the document as written is one of Antichresis, the parties erroneously believing that it has the same effect as a mortgage.

What is the Status of the contract? Explain.

What is the remedy of the parties? Explain.

Reference no: EM132940425

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