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. The […]
Mercantile Law
176 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 of […]
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 used […]
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, Felipe […]
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 executed […]
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 Philippines) […]
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. Montinola […]
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 Checks […]
G.R. No. L-1405 – 81 Phil. 359 – Mercantile Law – Negotiable Instruments Law – Treasury Warrants In 1941, a treasury warrant was issued in favor of Placido Urbanes, a government employee in the province of La Union. The said treasury warrant was meant to augment the Food Production Campaign […]
G.R. No. 91478 – 271 Phil. 751 – 193 SCRA 717 – Mercantile Law – Corporation Law – Board resolutions may be questioned by third persons – Board Meetings – Quorum – Sale of Corporate Properties In 1962, the Pampanga Bus Company (PAMBUSCO) took out a loan from the Development […]
G.R. No. L-48237; G.R. No. L-49023 – 235 Phil. 350 – 151 SCRA 355 – Mercantile Law – Corporation Law – Cash Dividends Labor Law – Jurisdiction and Reliefs – Illegal Dismissal In 1973, a labor union in Madrigal & Company, Inc. (MCI) sought the renewal of the collective bargaining […]
G.R. No. 122452 – 403 Phil. 391 – 350 SCRA 475 – Mercantile Law – Corporation Law – Ultra Vires Acts of Corporate Officers – Derivative Suit Sometime before November 1992, Vic Ang Siong issued a check to Concord-World Properties, Inc. The check amounted to P83.5 million. The check however […]
G.R. No. 126751 – 407 Phil. 884 – 355 SCRA 559 – Mercantile Law – Corporation Law – Ultra Vires Acts of Corporate Officers In 1985, Safic Alcan & Cie (SAC), a corporation, entered into an agreement with Imperial Vegetable Oil Co., Inc. (IVO) whereby the latter shall deliver tons […]
G.R. No. 53820 – 209 SCRA 763 – Mercantile Law – Corporation Law – Liability of Officers – Apparent Authority In 1973, Constancio Maglana, president of Prime White Cement Corporation, sent an offer letter to Yao Ka Sin Trading. The offer states that Prime White is willing to sell 45,000 […]
G.R. No. 115849 – 322 Phil. 280 – 252 SCRA 259 – Mercantile Law – Corporation Law – Liability of the Corporation – Apparent Authority In 1987, the a manager of First Philippine International Bank (FPIB), Mercurio Rivera, entered into a contract of sale with Demetrio Demetria and Jose Janolo […]
G.R. No. L-18287; G.R. No. L-18155 – 117 Phil. 586 – 7 SCRA 577 – Mercantile Law – Corporation Law – Corporate Liability – Estoppel In 1956, Trinidad Francisco obtained a P400k loan from the Government Service Insurance System (GSIS). She secured the loan with a parcel of land. In 1959 […]