CREDIT TRANSACTIONS

Course Outline

LOAN (Articles 1933-1961 NCC)

General Provisions (Arts. 1933-1934 NCC)

 People vs. Concepcion (44 Phil. 126 [1922])

Chapter 1. Commodatum (Arts. 1935-1952 NCC)

Section 1. Nature of Commodatum (Arts. 1935-1940 NCC)

 Republic vs. Bagtas (6 SCRA 262 [1962])

 Pajuyo vs. CA (430 SCRA 492 [2004])
 Producers Bank of the Phils. vs. CA (397 SCRA 651 [2003])

Section 2. Obligations of the Bailee (Arts. 1941-1945 NCC)

Section 3. Obligations of the Bailor (Arts. 1946-1952 NCC)

 Quintos and Ansaldo vs. Beck (69 Phil. 108 [1939])

Chapter 2. Simple Loan or Mutuum (Arts. 1953-1961 NCC)

 Garcia vs. Thio (518 SCRA 433 [2007])

 People vs. Puig (563 SCRA 564 [2008])
 BPI Family Bank vs. Franco (538 SCRA 184 [2007])
 Republic vs. Jose Grijaldo (15 SCRA 681 [1965])
 De la Paz vs. L & J Development Company, (734 SCRA 364 [2014])
 Nacar vs. Gallery Frames, et.al. (703 SCRA 439 [2013])
 Buenaventura vs. Metrobank (G.R. No. 167082, Aug.3, 2016)
 Joven de Cortes vs. Venturanza (79 SCRA 709 [1977])
 Ligutan vs. CA (376 SCRA 560 [2002])
 Delos Santos vs. Metrobank (684 SCRA 410 [2012])

The Usury Law (Act No. 2655, as amended)

 Bulos, Jr. vs. Yasuma (G.R. No. 164159, July 17, 2007)

DEPOSIT (Articles 1962-2009 NCC)

Chapter 1. Deposit in General and Its Different Kinds (Arts. 1962-1967 NCC)

 Chan vs. Maceda (402 SCRA 352 [2003])

 Triple-V Food Services, Inc. vs. Fil. Merchants Insurance Company, Inc.
(G.R. No. 160544, Feb.21, 2005)

Chapter 2. Voluntary Deposit (Arts. 1968-1995 NCC)

Section 1. General Provisions (Arts. 1968-1971 NCC)

 Section 2. Obligations of the Depositary (Arts. 1972-1991 NCC)

 Roman Catholic Bishop of Jaro vs. De la Pena (26 Phil. 144 [1913])
 CA Agro-Industrial Devt. Corp. vs. CA (219 SCRA 426 [1993])
 Javellana vs. Lim (11 Phil. 141 [1908])
 Gavieres vs. Tavera (1 Phil. 71 [1901])
 Baron vs. David (51 Phil 1 [1927])
 US vs. Igpaura (27 Phil 619 [1913])

Section 3. Obligations of the Depositor (Arts. 1992-1995 NCC)

Chapter 3. Necessary Deposit (Arts. 1996-2004 NCC)

 Durban Apartments Corp. vs. Pioneer Insurance & Surety Corp. (639
SCRA 441 [2011])
 YHT Realty vs. CA (451 SCRA 638 [2005])

Chapter 4. Sequestration or Judicial Deposit (Arts. 2005-2009 NCC)

The Warehouse Receipts Law (Act No. 2137, as amended)

GUARANTY AND SURETYSHIP (Articles 2047-2084 NCC)

Chapter 1. Nature and Extent of Guaranty (Arts. 2047-2057 NCC)

 Castellvi de Higgins & Higgins vs. Sellner (41 Phil.142 [1921])

 Reiss vs. Memije (15 Phil.350 [1910])
 Machetti vs. Hospicio de San Jose, et.al. (43 Phil 297 [1922])
 Piczon vs. Piczon (61 SCRA 67 [1974])
 IFC vs. Imperial Textile Mills, Inc. (475 SCRA 149 [2005])
 Severino and Vergara vs. Severino (56 Phil. 185 [1931])
 Municipality of Gasan vs. Marasigan (63 Phil.510 [1936])
 Plaridel Surety & Insurance Co. vs. Artex Devt. Co., Inc. (120 SCRA 827 [1983])
 Aglibot vs. Santia (687 SCRA 283 [2012])
 El Vencedor vs. Canlas (44 Phil. 699 [1923])
 BPI vs. Forester (59 Phil. 843 [1926])
 Standard Oil Co. of New York vs. Cho Siong (52 Phil.612 [1928])
 Municipality of Lemery vs. Mendoza and Blas (48 Phil.415 [1925])
 Wise and Co. vs. Kelly (37 Phil. 696 [1918])
 Pacific Tobacco Corp. vs. Lorenzana (102 Phil. 234 [1957])
 Reparation Commission vs. Northern Lines, Inc. (34 SCRA 203 [1970])
 National Bank vs. Escueta (50 Phil. 991 [1927])
 Texas Co., Inc. vs. Alonso (73 Phil. 90 [1941])
 Poblete vs. Lo Singco (44 Phil. 369 [1923])
 Pastoral vs. Mutual Security Insurance Corp. (14 SCRA 1011 [1965])
 Estate of Hemady vs. Luzon Surety Co. Inc. (100 Phil. 388 [1956])

Chapter 2. Effects of Guaranty (Arts. 2058-2075 NCC)

Section 1. Effects of Guaranty Between the Guarantor and the Creditor

(Arts. 2058-2065 NCC)

 Wise & Co. vs. Tanglao (63 Phil. 372 [1936])

 Mira Hermanos, Inc. vs. Manila Tobaconists, Inc. (74 Phil. 367 [1943])

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 Section 2. Effects of Guaranty Between the Debtor and the Guarantor
(Arts. 2066-2072 NCC)

 Tuason, Tuason, Inc. vs. Machuca (46 Phil. 561 [1924])

 Saenz vs. Yap Chuan (16 Phil. 76 [1910])

 Gidwani vs. Domestic Insurance Co. of the Phils. (122 SCRA 732 [1983])
 General Indemnity Co., Inc. vs. Alvarez (100 Phil. 1059 [1957])

Section 3. Effects of Guaranty as Between Co-Guarantors

(Arts. 2073-2075 NCC)

Chapter 3. Extinguishment of Guaranty (Arts. 2076-2081 NCC)

 J.V. House vs. Dela Costa (68 Phil. 742 [1939])

 Citizens Surety & Insurance Co., Inc. vs. CA (162 SCRA 738 [1988])
 PNB vs. Manila Surety & Fidelity Co., Inc. (14 SCRA 776 [1965])
 E. Zobel, Inc. vs. CA (290 SCRA 1 [1998])

Chapter 4. Legal and Judicial Bonds (Arts. 2082-2084 NCC)

 PNB vs. Manila Surety & Fidelity Co., Inc. (supra.)

PLEDGE, MORTGAGE AND ANTICHRESIS (Articles 2085-2141 NCC)

Chapter 1. Provisions Common to Pledge and Mortgage (Arts. 2085-2092 NCC)

 Duran vs. IAC (138 SCRA 491 [1985])

 Arenas vs. Raymundo (19 Phil. 46 [1911])
 Alcantara vs. Alinea (8 Phil. 111 [1907])
 Uy Tong vs. CA (161 SCRA 383 [1988])
 DBP vs. CA (284 SCRA 14 [1998])
 Bustamante vs. Rosel (319 SCRA 413 [1999])
 Yau Chu vs. CA (177 SCRA 793 [1989])

Chapter 2. Pledge (Arts. 2093-2123 NCC)

 Yuliongsui vs. PNB (22 SCRA 585 [1968])

 Estate of G. Litton vs. Mendoza (163 SCRA 246 [1988])
 Cruz and Serrano vs. Chua A.H. Lee (54 Phil 10 [1929])

Chapter 3. Mortgage (Arts. 2124-2131 NCC)

 Soriano vs. Bautista (6 SCRA 946 [1962])

 Santiago vs. Dionisio (92 Phil. 495 [1953])
 Rural Bank of Caloocan, Inc. vs. CA (104 SCRA 151 [1981])
 Ermitaño vs. Paglas (689 SCRA 158 [2013])
 Malayan Bank vs. Lagrama (357 SCRA 429 [2001])

Chapter 4. Antichresis (Arts. 2132-2139 NCC)

 Dizon vs. Gaborro (83 SCRA 688 [1978])

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 Chapter 5. Chattel Mortgage (Arts. 2140-2141 NCC)

 Belgian Catholic Missionaries vs. Magallanes Press (49 Phil. 647 [1926])

CONCURRENCE AND PREFERENCE OF CREDITS (Articles 2236-2251

NCC)

Chapter 1. General Provisions (Arts. 2236-2240 NCC)

Chapter 2. Classification of Credits (Arts. 2241-2245 NCC)

 De Barretto vs. Villanueva (1 SCRA 288 [1961])

 State Investment House, Inc. vs. CA (277 SCRA 209 [1997])
 Central Bank of the Phils. vs. Morfe (63 SCRA 114 [1975])
 Lipana vs. Devt Bank of Rizal (154 SCRA 257 [1987])

Chapter 3. Order of Preference of Credits (Arts. 2246-2251 NCC)

 De Barretto vs. Villanueva (supra.)

 Phil. Savings Bank vs. Lantin (124 SCRA 476 [1983])

THE INSOLVENCY LAW (Act No. 1956, as amended)

Chapter 1. Title and General Subject of the Act (Section 1, Act No. 1956)

Chapter 2. Suspension of Payments (Sections 2-13 Act No. 1956)

Chapter 3. Voluntary Insolvency (Sections 14-19, Act No. 1956)

Chapter 4. Involuntary Insolvency (Sections 20-28, Act No. 1956)

Chapter 5. Assignees (Sections 29-47, Act No. 1956)

Chapter 6. Classification & Preference of Creditors (Sections 48-50, Act No.1956)

Chapter 7. Partnerships and Corporations (Sections 51-52, Act No. 1956)

Chapter 8. Proof of Debts (Sections 53-62, Act No. 1956)

Chapter 9. Compositions (Section 63, Act No. 1956)

Chapter 10. Discharge (Sections 64-69, Act No. 1956)

Chapter 11. Fraudulent Preferences and Transfers (Section 70, Act No. 1956)

Chapter 12. Penal Provisions (Section 71, Act No. 1956)

Chapter 13. Miscellaneous Provisions (Sections 72-82, Act No. 1956)

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