- Petitioner
- Ramon A. Gonzales
- Respondent
- Land Bank of the Philippines
- Citation
- G.R. No. 76759
- Court
- Supreme Court
- Division
- Third Division
- Ponente
- Fernan, C.J.
- Decided
- March 22, 1990
Summary
This case involved the assignment of rights to receive Land Bank bonds under the government's land transfer program. Ramon Gonzales sought to compel Land Bank to issue bonds directly in his name as assignee of Ramos Plantation Company's rights under Land Transfer Claim No. 82-757 worth P400,000.00. The Regional Trial Court initially ruled in favor of Gonzales, but the Court of Appeals reversed, holding that bonds must be issued to the original landowner who then endorses to the assignee per Land Bank Resolution No. 75-68. The Supreme Court modified the appellate decision, recognizing that while assignees acquire assignors' rights under Article 1311 of the Civil Code, such rights remain subject to administrative restrictions. Administrative regulations enacted by agencies have the force of law and must be respected. The Court reinstated the requirement for Ramos Plantation to comply with outstanding requirements and endorse bonds to Gonzales upon issuance, balancing contractual assignment rights with administrative regulatory authority.