POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

1st Semester, School Year 2018-2019

Atty. Ramses S. Samson

CREDIT TRANSACTIONS
Course Outline

I. LOAN

A. Concept of Loan
B. Commodatum
C. Mutuum
D. Interest on Loan
E. Usury law

Cases:
 Republic vs. Bagtas 6 SCRA 262
 Catholic Vicar Apostolic Church v. CA G.R. L-80294-95 September 21, 1988
 Quintos vs. Beck 69 Phil. 108
 Pajuro v. Guevarra G.R. No. 146364 June 3, 2004
 Pantaleon v. American Express International 629 SCRA 276
 Advocates for Truth in Lending Inc. v. Bangko Sentral Monetary Board G. R. No.
192986 January 15, 2013
 Commonwealth Insurance Corp. v. CA and RCBC G.R. No. 130886 January 29,
2004
 Calderon v. People G.R. No. 158495 October 21, 2004
 Eastern Shipping Lines vs. CA 234 SCRA 78
 Medel vs. CA 299 SCRA 481
 Pascual vs. Ramos 384 SCRA 105
 Barrera vs. Lorenzo 389 SCRA 329
 First Fil-Sin Lending Corp. v. Padillo – January 12, 2005
 Estores v. Supangan – G.R. No. 175139 April 18, 2012
 Macalinao v. BPI G.R. No. 175490 September 17, 2009
 Dario Nacar vs. Gallery Frames and/or Felipe Bordey, Jr. August 13, 2013
 ECE Realty v. Hernandez G.R. 212689 August 11, 2014
 PNB vs. Padilla 196 SCRA 536
 Florendo vs. CA 265 SCRA 678
 Juico v. China Banking Corporation G.R No. 187678 April 10, 2013

II. DEPOSIT

A. General Concepts and Classification of Deposit

B. Voluntary Deposit
C. Necessary Deposit
D. Sequestration or Judicial Deposit

Cases:
 Overseas Bank of Manila v. Court of Appeals, GR No. L-60907 June 28,1989
 BPI v. Intermediate Appellate Court G.R. No. L-66826 August 19, 1988
 Guingona vs. City Fiscal of Manila 128 SCRA 577
 BPI vs. Reyes G.R. No. 116792 March 29, 1996
 Citibank N.A. vs. Sabeniano G.R. No. 156132 February 12, 2007
III. GUARANTY AND SURETY

A. Nature and Extent of Guaranty

1. Effect of Guaranty
2. Rights of Guarantor
3. Extinguishment of Guaranty

B. Nature and Extent of Surety

C. Distinctions between Guaranty and Surety

Cases:
 Finman vs. Salik 188 SCRA 741
 Commonwealth Insurance v. CA G.R. No. 130886 January 29, 2004
 The Manila Insurance Co. In. vs. Amurao G.R. No. 179628 January 16, 2013
 RCBC vs. ARRO – 115 SCRA 777
 Dino vs. CA 216 SCRA 9
 Traders vs. Dy Eng Giok 104 Phils. 806
 Baylon vs. Court of Appeals, 312 SCRA 502
 Special Steel vs. Villareal G.R. No. 143304 July 8, 2004
 National Bank vs. Veraguth 50 Phil 253
 Spouses Toh vs. Solidbank G.R. No. 154183 August 7, 2003

IV. PLEDGE

A. Nature and Essence of Pledge

B. Requisites of Pledge
C. Extinguishment of Pledge

V. REAL ESTATE MORTGAGE

A. Nature and Extent of Real Estate Mortgage

B. Effect of Real Estate Mortgage
C. Extinguishment of Pledge

VI. CHATTEL MORTGAGE

A. Concept of Chattel Mortgage

B. Laws governing Chattel Mortgage

VII. ANTICHRESIS

A. Concept of Antichresis
B. Form of the contract
C. Other Characteristics of Antichresis
D. Antichresis how extinguished

Cases: Pledge, Mortgage, Antichresis

 DBP vs. CA 253 SCRA 414
 Duran vs. IAC 138 SCRA 489
 Dizon vs. Suntay 47 SCRA 161
 Llanto v. Alzona – G.R. No. 150730 January 31, 2005
 Ereña v. Kauffman – G.R. No. 165853 June 22, 2006
 Ramos vs. Obispo, 692 SCRA 240, February 27, 2013 (Article 2085)

 Uy Tong vs. CA 161 SCRA 383

 Francisco Realty vs. CA 298 SCRA 349 G.R. No. 125055 October 30, 1998
 Olea vs. CA 247 SCRA 274
 Fort Bonifacio Development Corporation vs. Yllas Lending and Lauraya; G.R.
No. 158997, October 6, 2008
  PHILNICO INDUSTRIAL CORPORATION v. PRIVATIZATION AND MANAGEMENT
OFFICE G.R. No. 199420/ G.R No. 199432, 27, August 2014
 Caltex Philippines vs. CA 212 SCRA 448
 Manila Surety vs. Velayo 21 SCRA 515
 Leonardo vs. CA 220 SCRA 254
 Star Two, Inc. vs. Paper City Corp. of the Phil., GR. No. 169211, March 06,
2013.
 Briones-Vasquez vs. CA and Ocampo GR. No. 144882, Feb. 04, 2005
 Prudential Bank vs. Panis 153 SCRA 391
 Mobil Oil vs. Diocares 29 SCRA 656
 PNB vs.RBL Enterprise May 28, 2004
 PNB vs. Sps. Marañon GR. No. 189316 – July 1, 2013 (Art. 2127)
 Garcia vs. Villar – GR. No. 158891; June 27, 2012 (Art. 2130)
 Bohanan vs. CA 256 SCRA 355
 Caubang vs. Crisologo GR. No. 174581, Feb. 4, 2015
 Guillerma Baluyut vs. Eulogio & Salud Poblete GR. No. 144435, Feb. 6, 2007
 Prudential Bank vs. Martinez 189 SCRA 613
 BPI vs. Avenido – GR. No. 175816; Dec. 7, 2011 (Foreclosure-Recovery of
Deficiency)
 Sps. Yap vs. Sps. Dy GR. No. 171991 and 171868 July 27 2011
 Sps. Gatuslao vs. Yanson GR. No. , January 21, 2015
 Yulienco vs. CA 393 SCRA 143, Nov. 27, 2002
 Green Asia Construction v. PCI Leasing, Nov. 24, 2006
 Sps. Santiago vs. Rural Bank of Talavera, Mar. 18, 2005
 Makati Leasing vs. Wearever Textile, 122 SCRA 297
 Associated Insurance vs. Iya, 103 Phil 972
 Acme Shoes vs. CA 260 SCRA
 Northern Motors vs. Coquia, 66 SCRA 415
 Filinvest Credit vs. CA, 248 SCRA 549
 Cerna vs. CA and Leviste, 220 SCRA 517
 Industrial Finance vs. Ramirez, 77 SCRA 153
 PCI Leasing & Finance vs. Trojan Metal Industries Inc., Gr. No. 176381, 638
SCRA 615

VIII. CONCURRENCE AND PREFERENCE OF CREDIT

A. Liability of debtor in general

B. Classification of Credits
C. Order of Preference of Credit

Cases:
 De Barreto vs. Villanueva, 6 SCRA 928
 DBP vs. NLRC. 236 SCRA 117; 222 SCRA 264
 Republic vs. Peralta, 150 SCRA 37

IX. FRIA ACT (Financial Rehabilitation and Insolvency Act of 2010)