Scribd Logo
Upload

Welcome to Scribd!

  • 26 views

    Oblicon Digest (2) 4 Dela Cruz-V-Planters Products Inc 1P Obligations

    Uploaded by

    Juan Carlo Tan Bisda
    This case discusses the validity of a "Hold Out" order issued by Metropolitan Bank against Ana Grace Rosales prior to and during a criminal complaint of Estafa through False Pretenses filed against her. The Supreme Court held that the Hold Out order was invalid because the bank failed to show that Rosales had an obligation to the bank under any of the sources of obligation enumerated in the Civil Code, such as law, contracts, quasi-contracts, delict, or quasi-delict. The Hold Out clause only applies if there is a valid existing obligation arising from one of these sources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Oblicon Digest (2) 4 Dela Cruz-V-Planters Products Inc 1P Obligations

    Uploaded by

    Juan Carlo Tan Bisda
    26 views1 page
    This case discusses the validity of a "Hold Out" order issued by Metropolitan Bank against Ana Grace Rosales prior to and during a criminal complaint of Estafa through False Pretenses filed against her. The Supreme Court held that the Hold Out order was invalid because the bank failed to show that Rosales had an obligation to the bank under any of the sources of obligation enumerated in the Civil Code, such as law, contracts, quasi-contracts, delict, or quasi-delict. The Hold Out clause only applies if there is a valid existing obligation arising from one of these sources.

    Original Description:

    Original Title

    OBLICON_DIGEST(2)4_DELA_CRUZ-V-PLANTERS_PRODUCTS_INC_1P_OBLIGATIONS.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This case discusses the validity of a "Hold Out" order issued by Metropolitan Bank against Ana Grace Rosales prior to and during a criminal complaint of Estafa through False Pretenses filed against her. The Supreme Court held that the Hold Out order was invalid because the bank failed to show that Rosales had an obligation to the bank under any of the sources of obligation enumerated in the Civil Code, such as law, contracts, quasi-contracts, delict, or quasi-delict. The Hold Out clause only applies if there is a valid existing obligation arising from one of these sources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    26 views1 page

    Oblicon Digest (2) 4 Dela Cruz-V-Planters Products Inc 1P Obligations

    Uploaded by

    Juan Carlo Tan Bisda
    This case discusses the validity of a "Hold Out" order issued by Metropolitan Bank against Ana Grace Rosales prior to and during a criminal complaint of Estafa through False Pretenses filed against her. The Supreme Court held that the Hold Out order was invalid because the bank failed to show that Rosales had an obligation to the bank under any of the sources of obligation enumerated in the Civil Code, such as law, contracts, quasi-contracts, delict, or quasi-delict. The Hold Out clause only applies if there is a valid existing obligation arising from one of these sources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    PERSONS AND FAMILY RELATIONS SLC-LAW

    DIGEST 4: DELA CRUZ vs PLANTERS PRODUCTS INC.


    TOPIC: Sources of Obligation

    G.R. No. 183204              January 13, 2014


    PETITIONER: SPOUSES QUIRINO V. DELA CRUZ and GLORIA DELA CRUZ
    RESPONDENTS: PLANTERS PRODUCTS, INC.

    FACTS:

    Prior to and during the pendency of a criminal complaint of Estafa through False Pretenses filed by the Petitioner
    Metropolitan Bank and Trust Company against Ana Grace Rosales, the former issued, as per the hold out clause in the
    deposit agreement, a “Hold Out” order wherein the latter was disallowed to withdraw her deposited money from the
    said bank.

    ISSUE:

    Whether or not the issued Hold Out order was valid.

    HELD:

    No, the issued Hold Out order was not valid.

    The "Hold Out" clause applies only if there is a valid and existing obligation arising from any of the sources of obligation
    enumerated in Article 115779 of the Civil Code, to wit: law, contracts, quasi-contracts, delict, and quasi-delict. In this
    case, petitioner failed to show that respondents have an obligation to it under any law, contract, quasi-contract, delict,
    or quasi-delict.

    Page 1 of 1 © Prepared by: BISDA

    You might also like