NOTES AND CASES ON
BANKING LAW AND
NEGOTIABLE INSTRUMENTS LAW
Volume 1
(Essentials of Negotiable Instruments Law, Warehouse
Receipts Law, Letters of Credit and Trust Receipts Law)
By
TIMOTEO B. AQUINO
Professor of Law
Philippine Judicial Academy
University of Perpetual Help College of Law
Angeles University Fourtdation College of Law
San Beda College of Law
Arellano Law Foundation
Former Prefect of Student Affairs, San Beda College of Law
Author: Torts and Damages
Philippine Corporate Law Compendium
Bssentials of Insurance Law
Casebook on Corporate Law
Co-Author, Reviewer on Commercial Law
Notes and Cases on the Law on Transportation
‘and other Publie Utilities
Fundamentals of Negotiable Instruments Law
Fundamentals of Obligations and Contract
Revised Rules on Summary Procedure: Revisited
Handbook on Summary and Small Claims Procedure and
Bouncing Checks Law
Third Edition
' 2009
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PREFACE
‘This book is the third edition of the author’s work on Nego-
tiable Instruments Law and applicable laws on commercial docu-
ment. The two previous incarnations of this book included a Part
TIT on banking laws. The quantity of the materials on banking laws
necessitated the separation of Part III into a separate valume, Vol-
ume II. The two volumes are still treated as part of one integrated
work, An introductory course on banking laws will be deficient ifthe
study of the laws dealing with negotiable instrument laws will not
be incorporated. After all, the issuance and negotiation of negotiable
instruments are part of the functions of banks.
‘The book responds to the lessons learned by the author from
his learned professors and in teaching the subjects included in this
work. Instead of resorting to section by section annotation of the
statutes, the author resorted to presentation of the topics in both
transactional and conceptual lines. It is, ta the anthor's mind, the
best approach to a book for use in an introductory course on the laws
‘on negotiable instruments and other commercial documents. Select-
ed cases are reproduced in order to provide students with concrete
examples of statutory and jurisprudential rules in operation, The
present edition is leaner because the number of sample edited cas
was reduced to make them more manageable for students. Some of
the cases are now presented in “problem-answer” and/or digest form
together with sample Bar examination problems. Nevertheless, the
author believes that students should be guided by, but should not
be satisfied with digest of Supreme Court cases or cases blem
form provided in this work. The cases should be read in the original.
THE AUTHOR
‘Teresa, Rizal