Professional Documents
Culture Documents
CO URSE OUTLIN E
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I.NTRODUCTIQN
1) Hisi:ory, Governmg Lc:.ws (Act 2031, Code or Comr.:ierce, New Civil CodeJ
Read: Philippine Eauc1~non Co. vs. Soriano, GR L-22405, June 30, 1971
e) Treasury Warram:s
Read: Caltex (Philippires) vs. CA, 212 SCRA 448, Aug. 10, 1992
2) Effect of Estoppel
Read: Banco de Oro vs. Equitable Banking Corp., 157 SCRA 188 (1988)
Phil. Bank of Commerce vs. Aruego, 102 SCRA 530, Jan. 31, 1981
a) must IJe in wrmng and signed by the maKer or arawer (Sec. 191,
NIL)
Read: Metr opolitan Bank vs. CA, 194 SCRA 169, Fep. 18, 1991
Reaa: Ang Tek Lian vs. CA, B7·Phil 383, Sept. 25, 1950)
e) arawee must oe named or mmcated with reaso11able certamry
(Sec. le, 130, NIL) ...,
5) lm:erprecanon of Instruments
Read: Dela Victoria vs Burgos, 245 SCRA 374, June 27, 1995
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b) Qualilled and General Indorsemem (Sec. 38, 69, NIL)
e) Absolute lndorsemem
14) Inaorsement When Payable to Two or More Persons (Sec. 41, NIL)
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21) Cons1deranon tor Issuance and Subsequent Transfer (Sec. 24, NIL)
Read: Bibiano Banas vs. CA, 325 SCRA 259, Feb. 10, 2000
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IV. liOLDERS
Re2d: Chan Wan vs Tan Kim, 109 Phil 706, Sept. 30, 1960
Atrium Managemen t vs CA, 144 SCAD 390, Feb. 28, 2001
Marce10 Mesina vs CA 145 SCRA 497, Nov. 13, 1906
2) Holders in Due Course (Sec. 52, 53, 54, 55, 56, 88, NIL)
eJ good faith
4) Rights of Holders in Due Course (Sec. 14, 16, 57, NIL); When Subject to
Orig~nal Defenses (Sec. 58, NIL)
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V. PARTIES WHO ARE l!IABLE
1) Primary and Seccndary Liability Distinguished (Sec. 61, 66, 192, NIL)
t
~) Payment By Party Secondarily Liable (Sec. 68, 70, 84, 89, 118, 120, 151, 184,
NIL) .
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Read: PNB V!>. Picornell, 46 Phil '716, Sept. 26, 1922
PNB vs CA, 25 SCRA 693, Oct. 29, 196e
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Pruaencio vs CA, 143 SCRA 7, July 14, 1986
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d) Forgery and Want of Authority (Sec: 23, NIL); Cut-off Rule
Reao.: Associated Bank vs. CA, GR 107382, Jan. 31, 1996 (doctrme
of comparanve negligence)
Gempesaw vs. CA, 218 SCRA 682, Feb. 9, J 993
Republic vs. Estrada, GR L-40769, July 31, 1975
MWSS vs CA, GR L-62943, July 14, 1986
Philippme Bank of Commerce vs. Philippine Racing Club,
GR 1502 28, July 30, 2009
Read: PNE: vs. CA, 256 SCRA 491, April 25, 1996
Montinola vs. PNB, 88 Phil 178, Feb. 26, 1951
t} Exnnctive Prescnpt10n
g) Illegalit)'
3) Personal Deten!;es
a) Ame~da ng or post-datmg (Sec. 12, NIL)
b) insertion of Wrong Date (Sec. 13, NIL) ...
g) Fraud in lnaucement
L Promissory Not:es
(c) ifaccept:ed
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(d) if dishonored upon presentment for
payment
...
1. nonce of dishonor
2. prm:esr
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Lui~; Wong vs CA, GR 117857, Feb. :2. 2001
(a) how made (Sec. 132, 133 -135, 137, 145, 72,
75, NIL)
k) Prote:5t
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m) Acceptance for Honor (Sec. 161-1 70, NlL)
a) Concept of Discharge
1v. any ace that discharg~s simple contraq:s (Art. 1231, Civil
Code)
e) Tender of Payment
g) Extension of Term
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h) Payment for Honor (Sec. 171-177, NIL)
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IX. CHECKS
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State Investment House vs IAC, 174
SCRA 310 ..
Gempesaw vs CA
Hongkong and Shanghai Bank vs Catalan, Oct. 18, 2004
I. relanonship of parnes
ii. warranties
iii. 24-hour rule
1v. iron clad rule for cashier's checks