normal_post - machinery and equipment used for an industry or works - Philippine Laws Author Topic: machinery and equipment used for an industry or works  (Read 173 times)

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machinery and equipment used for an industry or works
« on: November 14, 2019, 07:35:58 PM »
■   With respect to machinery and equipment used for an industry or works
o   General rule: they may not be validly subject to replevin so long as they are intended by the owner for an industry and they directly meet the needs of the industry -- they are considered as real property. (They are not subject to replevin which is an action to recover specific personal property.)
o   Exception: when the machinery is placed by the lessee in the real estate leased to him by the owner of the real estate.
o   Exception to the exception: when the lessee places the machinery on the estate as an agent of the owner-lessor.

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