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Merck Millipore uses 118342 as a catalog number for a Calibration Standard (3000 IR 10,000 NTU) used in water quality testing and turbidimeters.
Lydia Cuba, a fishpond leaseholder, obtained loans from the Development Bank of the Philippines (DBP) . As security, she executed an "Assignment of Leasehold Rights." When she defaulted on her payments, DBP unilaterally appropriated her leasehold rights without a public auction or judicial foreclosure, then sold them to a third party.
The Supreme Court ruled in favor of Cuba. The court held that the assignment was intended as security, not an absolute sale. Therefore, DBP’s act of taking the property without foreclosure was illegal. The court ordered DBP to pay damages to Cuba for the "moral shock and social humiliation" caused by her unlawful ejectment. Other References for "118342" 118342
While the legal case is the most significant "118342" topic, the number also appears in scientific and academic contexts:
The dispute centered on whether a creditor could automatically take ownership of a property used as collateral without a formal foreclosure proceeding. Merck Millipore uses 118342 as a catalog number
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An MPRA Paper (No. 118342) discusses the decline of the US dollar as a reserve currency and the potential role of the BRICS Development Bank in facilitating a "soft landing" for the global economy. Medical Research: The Supreme Court ruled in favor of Cuba
Decided on January 5, 1998, this case is a staple in Philippine property and credit law, specifically regarding the prohibition of pactum commissorium .