G.R. No. L-15380 – 109 Phil. 706 – Mercantile Law – Negotiable Instruments Law – Negotiation after Dishonor – Holder in Due Course Tan Kim and her husband (Chen So) issued 11 checks payable to “cash or bearer” to be drawn against their account with the Equitable Banking Corporation. […]
Monthly Archives: December 2013
10 posts
G.R. No. L-19461 – 44 Phil. 713 – Mercantile Law – Negotiable Instruments Law – Presumption as to who is a “Holder in Due Course” In 1919, the Fernandez Hermanos (FH) contracted with the American Iron Products Company, Inc. (AIP), for the latter to build a shaft for one […]
G.R. No. L-2861 – 88 Phil. 178 – Mercantile Law – Negotiable Instruments Law – Alteration – Assignee – Partial Indorsement In May 1942, Ubaldo Laya, as provincial treasurer of Misamis Oriental issued a P100,000.00 Philippine National Bank (PNB) check to Mariano Ramos. The said check was to be […]
G.R. No. L-26767 – 130 Phil. 741 – 22 SCRA 713 – Mercantile Law Law – Negotiable Instruments Law – Accommodation Party – General Indorser In August 1960, Lorenzo Ting issued a check in the amount of P4,000.00 payable to cash or bearer. At the back of the check, […]
G.R. No. L-20320 – 19 SCRA 685 – Mercantile Law – Negotiable Instruments Law – Payable on Demand – Meaning of “Reasonable Time” In the months of April, May, June, July, and December 1943, German Gaston took out 5 loans from the Bank of Taiwan totaling to P4,889.91. He […]
G.R. No. L-24571 – 146 Phil. 862 – 36 SCRA 289 – Mercantile Law – Negotiable Instruments Law – Payable on Demand On October 8, 1951, Jose Ponce De Leon and Francisco Soriano took out a loan from the Rehabilitation Finance Corporation or RFC (now Development Bank of the […]
G.R. No. L-11872 – 37 Phil. 215 – Civil Law – Obligations and Contracts – Parties to a Contract – May minors enter into a contract?; Minors who pretend to be of legal age may be bound to a contract Margarita Espiritu was the owner of a 48 hectare […]
G.R. No. L-22405 – 148-A Phil. 521 – 39 SCRA 587 – Mercantile Law – Negotiable Instruments Law – Postal Money Orders Are Not Negotiable Instruments In April 1958, a certain Enrique Montinola was purchasing ten money orders from the Manila Post Office. Each money order was worth P200.00. […]
By definition, a check is a bill of exchange drawn on a bank and payable on demand. It is a written order on a bank, purporting to be drawn against a deposit of funds for the payment of all events, of a sum of money to a certain person therein […]
G.R. No. L-63419 – 230 Phil. 406 – 146 SCRA 323 – Mercantile Law – Negotiable Instruments Law – Constitutionality of BP 22 Political Law – Constitutional Law – Bill of Rights – Equal Protection Clause This case is a consolidation of 8 cases regarding violations of the Bouncing […]