G.R. No. 111190 – 245 SCRA 374 – Mercantile Law – Negotiable Instruments Law – Delivery of Negotiable Instruments – Paychecks of Public Officers Raul Sebreño filed a complaint for damages against Fiscal Bienvenido Mabanto Jr. of Cebu City. Sebreño won and he was awarded the payment of damages. Judge […]
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G.R. No. L-16968 – 5 SCRA 745 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Rules of Construction A promissory note dated March 12, 1954 was executed by Vicente Legarda, president of Concepcion Mining Company, and Jose Sarte. On the face of the promissory note […]
G.R. No. 97753 – 212 SCRA 448 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Bearer Instrument – Certificate of Time Deposit In 1982, Angel de la Cruz obtained certificates of time deposit (CTDs) from Security Bank and Trust Company for the former’s deposit with […]
G.R. No. L-4388 – 91 Phil. 756 – Mercantile Law – Negotiable Instruments Law – Liabilities of Parties – Parties Secondarily Liable In 1948, Gan Yek Kiao drew a check in the amount of P5,000.00 payable to cash or to bearer. The check was delivered to Benito Seeto. Seeto presented […]
G.R. No. L-27782 – 34 SCRA 337 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Sum Certain in Money – Currency To Be Used Octavio Kalalo is an engineer whose services were contracted by Alfredo Luz, an architect, in 1961. Luz contracted Kalalo to work […]
G.R. No. L-49494 – 90 SCRA 533 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Sum Certain in Money – RA 529 In 1969, Jesusa Afable and two others procured a loan from Nelia Ponce in the amount of $194,016.29. In June 1969, Afable and […]
G.R. No. L-10221 – 103 Phil. 40 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Unconditional Promise To Pay During the Japanese occupation, Pacita Young issued three promissory notes to Pacifica Jimenez. The total sum of the notes was P21k. All three promissory notes were […]
G.R. No. L-15645 – 10 SCRA 79 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Sum Certain in Money – Currency – Republic Act 529 Paz Arrieta is a rice dealer/importer. In May 1952, she participated in a public bidding held by the National Rice […]
58 OG 5886 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Unconditional Promise To Pay Biñan Transportation Company bought two motor vehicles. They signed a promissory note and to secure payment, they mortgaged the motor vehicles. The promissory notes were negotiated and were not paid. […]
G.R. No. 93073 – 216 SCRA 738 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Signature of Makers In 1979, World Garment Manufacturing, through its board authorized Shozo Yamaguchi (president) and Fermin Canlas (treasurer) to obtain credit facilities from Republic Planters Bank (RPB). For this, […]
G.R. No. 119178 – 274 SCRA 572 – Mercantile Law – Negotiable Instruments Law – Notice of Dishonor – Bouncing Checks Law – Corporate Checks Signed By Employee Criminal Law – Special Penal Laws – Anti-Bouncing Checks Law – Defenses; Lack of Knowledge of Insufficiency of Funds in Corporate Account Father […]
G.R. No. 96405 – 257 SCRA 578 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Signature of Makers – Guaranty In February 1983, Rene Naybe took out a loan from Philippine Bank of Communications (PBC) in the amount of P50k. For that he executed a […]
G. R. No. 137191 – 392 SCRA 61 – Mercantile Law – Negotiable Instruments Law – Notice of Dishonor – Bouncing Checks Law – Knowledge of Insufficiency of Funds Ben Rico is a contractor who purchases construction materials from Ever Lucky Commercial. Through the course of his business with Ever […]
GR No. L-30786 – 127 SCRA 512 – Civil Law – Law on Sales – Perfected Contract of Sale Olegario Clarin was the owner of a 10-hectare land in Carmen, Bohol. The same was said to be his share from the other co-owners. In 1959, he executed a Contract of […]
G.R. No. 71694 – 200 SCRA 637 – Mercantile Law – Negotiable Instruments Law – Notice of Dishonor – Assignment of Credit Nyco Sales Corporation has discounting privileges with BA Finance Corporation. In 1978, brothers Renato Fernandez and Santiago Renato (officers of Sanshell Corporation) approached Nyco Sales Corporation for a […]
G.R. No. L-32694; G.R No. L-33119 – 115 SCRA 63 – Civil Law – Law on Sales – Execution of Compromiso de Venta is not tantamount to “Possession” – Indefeasibility of a Torrens Title In 1956, Fidel Silvestre filed for a homestead application for a parcel of land he’s been […]