G.R. No. L-62943 – 143 SCRA 20 – Mercantile Law – Negotiable Instruments Law – Liabilities of Parties – Forgery – Negligence of Drawer Metropolitan Waterworks and Sewerage System (MWSS) had an account with PNB. When it was still called NAWASA, MWSS made a special arrangement with PNB so that […]
Mercantile Law
176 posts
G.R. No. L-53194 – 158 SCRA 582 – Mercantile Law – Negotiable Instruments Law – Liabilities of Parties – Forgery – Liability of the Drawee Bank In June 1973, Francisco Gozon II went to the Philippine National Bank (Caloocan City) accompanied by his friend Ernesto Santos. Gozon left Santos in […]
G.R. No. 107382; G.R. No. 107612 – 252 SCRA 620 – Mercantile Law – Negotiable Instruments Law – Liabilities of Parties – Forgery – Collecting Bank vs Drawee Bank The Province of Tarlac was disbursing funds to Concepcion Emergency Hospital via checks drawn against its account with the Philippine National Bank […]
G.R. No. 74451 – 161 SCRA 518 – Mercantile Law – Negotiable Instruments Law – Negotiable Instruments in General – Certainty of Payee In 1975, Liberato Casals, majority stockholder of Casville Enterprises, went to buy two garrett skidders (bulldozers) from Edward J. Nell Company amounting to P970,000.00. To pay the bulldozers, […]
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 […]
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 […]