Law 107: Credit Transactions Mark Dennis Y.C.

Joven Second Semester, AY 2011-12 Grading Percentages: 50% Final Exam, 25% Midterms, 25% Recitation. University Rules on class attendance and delinquency will be strictly enforced. More than 3 unexcused absences during the semester will merit a grade of "Dropped" if the student has a passing class standing. If the student has a failing class standing (class standing of below 3.0), he shall automatically merit a grade of "5.0".

All cellular phones shall be switched to silent mode during class hours. Any violation of this rule will
merit a grade of 5.0 for that specific recitation. Addition readings and cases may be assigned during the term.

I.

Loans a. In General (Arts. 1933 to 1934, cf. Arts. 1156,1305,1306, Civil Code)

b. Commodatum (Arts. 1935 to 1952) c. Simple Loan (Arts. 1953 to 1955,1980)

Cases:

Republic v. Bagtas, 6 SCRA 262

Garcia v. Thio, GR No. 154878, March 16, 2007

Republic v. Court of Appeals, 146 SCRA 15

Quintos v. Beck, 69 Phil. 108 De los Santos v. Jarra, 15 Phil, 147 Manzano v. Perez, August 9, 2001

Producers Bank of the Philippines v. Court of Appeals, February 19, 2003

Saura Import & Export Co., Inc. v. DBP, 44 SCRA 445 BPI Investment Corporation v. Court of Appeals, February 15, 2002 Naguiat v. Court of Appeals, October 3, 2003 Cebu Financial v. Court of Appeals, 316 SCRA 488 Tolentino v. Gonzales Sy Chiam, 50 Phil. 558 Pajuyo v. Court of Appeals, GR No. 146364, June 3, 2004 People v. Puig & Porras, GR No. 173654-765, August 28,2008 Pantaleon v. American Express International, Inc., GR No. 174269, August 25, 2010 II. Interest and the Usury Law (Arts. 1956 to 1961, 2209,2212, 2213, Central Bank Circular No. 416,

Act No. 2655) Readings:

Any accounting or finance reference book on the Time Value of Money

Wikipedia entry on "Usury" [http://en.wikipedia.org/wiki/Usury]

Mahmoud Amin El-Gamal, A Basic Guide to Contemporary Islamic Banking and Finance

Cases:

Jardenil v. Salas, 73 Phil. 626 Cu Unjieng v. Mabalacat Sugar Co., 54 Phil. 976 GSIS v. Court of Appeals, 145 SCRA 311

Ligutan v. Court of Appeals, 376 SCRA 560 Tan v. Court of Appeals, 367 SCRA 571 RCBC v. Court of Appeals, 289 SCRA 292 Eastern Shipping Lines v. Court of Appeals, 234 SCRA 78
First Fil-Sin Lending Corp. v. Padillo, GR No. 160533, January 12, 2005

Integrated Realty Corp. v. PNB, 174 SCRA 295 Bataan Seedling Association v. Republic, 383 SCRA 590 Catungal v. Hao, 355 SCRA 29 Banco Filipino v. Court of Appeals, 332 SCRA 241 Consolidated Bank & Trust Co. v. Court of Appeals, 356 SCRA 671 Mendoza v. Court of Appeals, 359 SCRA 438
First Metro Investment Corp. v. Este del Sol Mountain, 369 SCRA 99 Frias v. San Diego-Sison, GR No. 155223, April 4, 2007 Siga-an v. Villanueva, GR No. 173227, January 20, 2009

Carpo v. Chua, GR Nos. 150773 & 153599, September 30, 2005

III.
Case:

Truth in Lending Act

United Coconut Planters Bank v. Samuel & Beluso, GR No. 159912, August 17, 2007

IV.

Deposits

a. b. c. d.
Cases:

In General (Arts. 1962 to 1967) Voluntary Deposits (Arts. 1968 to 1995) Necessary Deposits (Arts. 1996 to 2004) Judicial Deposits (A;ts. 2005 to 2009)

Bank of the Philippine Islands v. Court of Appeals, 164 SCRA 630 Roman Catholic Bishop v. de la Pena, 26 Phil. 144
CA Agro-Industrial Dev. Corp. v. Court of Appeals, 219 SCRA 426 Javellana v. Lim, 11 Phil. 141 Chan v. Maceda, April 30, 2003 YHT Realty Corp. v. Court of Appeals, GR No. 126780, February 17,2005 Triple-V Food Services, Inc. v. Filipino Merchants Insurance Corp., GR No. 160544, February 25, 2005

V.

Guaranty and Suretyship (Art. 2047 to 2084)

Ong v. PCIB, GR No. 160466, January __, 2005 International Finance Corp. v. Imperial Textile Mills, GR No. 160324, November 15, 2005

E Zobel, Inc. v. Court of Appeals, 290 SCRA1

Tocao v. Court of Appeals, 342 SCRA 20 Astro Electronics v. Phil. Export, September 23,2003

Spouses Toh v. Solidbank, August 7,2003 Filipinas Textile Mills v. Court of Appeals, November 12, 2003
Severino v. Severino, 56 Phil. 187. Willex Plastic Industries Corp. v. court of Appeals, 256 SCRA 478.

Dino v. Court of Appeals, 216 SCRA 9. Atok Finance v. Court of Appeals, 222 SCRA 232. Tanedo v. Allied Banking Corp., 374 SCRA 20.

Southern Motors, Inc. v. Barbosa, 99 Phil. 263.

Baylon v. Court of Appeals, 312 SCRA 502.

Wise & Co. v. Tanglao, 63 Phil. 372. Syquia v. Jacinto, 60 Phil. 861. Arroyo v. Jungsay, 34 Phil. 590. Luzon Steel Corp. v. Sia, 28 SCRA 58. Towers Assurance Corp. v. Ororama Supermarket, 80 SCRA 262. Cochingyan, Jr. v. R&B Surety and Insurance Co., 151 SCRA 339. Mercantile Insurance Co. v. Ysmael, 169 SCRA 66

PNB v. Court of Appeals, 147 SCRA 273.

People's Bank and Trust Co. v. Tambunting, 42 SCRA 119

PNB v. Manila Surety & Fidelity Co., 14 SCRA 776.

Prudencio v. Court of Appeals, 147 SCRA 7. Security Bank and Trust Co. v. Cuenca, 341 SCRA 781.

VI.

Pledge, Mortgage and Antichresis

a. Common Provision

Cases: Manila Banking Corp. v. Teodoro, 169 SCRA 95. Arenas v. Raymundo, 19 Phil. 46. Rural Bank v. Court of Appeals, 104 SCRA 151. Alcantara v. Alinea, 8 Phil. 111. Francisco v. Court of Appeals, 298 SCRA 349. Reyes v. Sierra, 93 SCRA 473.

Uy Tong v. Court of Appeals, 161 SCRA 383. Olea v. Court of Appeals, 247 SCRA 274. Dayrit v. Court of Appeals, 36 SCRA 548.
Central Bank v. Court of Appeals, 139 SCRA 46.

Belo v. PNB, 353 SCRA 350. Ajax Marketing v. Court of Appeals, 248 SCRA 222. b. Pledge (Arts. 2093 to 2123)
Cases:

Yuliongsui v. PNB, 22 SCRA 587.

Pacific Commercial v. National Bank, 49 Phil. 236. PNB v. Atendido, 94 Phil. 254.

Caltex Phils. Inc. v. Court of Appeals, 212 SCRA 448.

Sarmiento and Villasenor v. Javellana, 43 Phil. 884.

Manila Surety & Fidelity Co. v. Velayo, 21 SCRA 515. c. Mortgage (Arts. 2124 to 2131; cf. Act 3135 and Rule 68 of the Rules of Court)
Cases: Isaguirre v. de Lara, 332 SCRA 803. Canlas v. Court of Appeals, 326 SCRA 415. Samanilla v. Cajucom, 107 Phil. 432. Mobil Phils. V. Diocares, 29 SCRA 656. Cruz v. Bancom Finance, 379 SCRA 490.

Medida v. Court of Appeals, 208 SCRA 887.

DBF v. Court of Appeals, 284 SCRA14.

People's Bank & Trust Co. v. Dahican Lumber, 20 SCRA 84.

Mojica v. Court of Appeals, 201 SCRA 517. Santiago v. Pioneer Savings and Loan Bank, 260 SCRA 714.
Prudential Bank v. Don A. Alviar, GR No. 150197, July 28, 2005.

Caltex v. Intermediate Appellate Court, 176 SCRA 741.

Gonzales v. Court of Appeals, April 30, 2003. Pineda v. Court of Appeals, August 25, 2003.

d. Chattel Mortgage (Act No. 1508, Articles 2140 to 2141)

Cases: Makati Leasing v. Wearever Textile, 122 SCRA 296. Torres v. Limjap, 5 Phil. 141. Tumalad v. Vicencio, 41 SCRA 143. Acme Shoe, Rubber & Plastic v. Court of Appeals, 260 SCRA 714. Servicewide Specialist, Inc. v. Court of Appeals, 320 SCRA 478.

Dy v. Court of Appeals, 198 SCRA 26.

Pameca Wood Treatment Plant v. Court of Appeals, 310 SCRA 281.

Superline v. ICC, 398 SCRA 508.

California Bus Lines, Inc. v. State Investment House, Inc., December 11, 2003. e. Antichresis ( Arts. 2132 to 2139) Case: Pando v. Gimenez, 54 Phil. 459.

VII.

Concurrence and Preferences of Credits

a. In General (Arts. 2235 to 2240) b. Classification (Arts. 2241 t o 2245)

c. Order of Preference (Arts. 2246 to 2251) Cases: DBP v. NLRC, GR No. 86227, January 19,1994. Atlantic Erectors, Inc. v. Herbal Cove Realty Corp., GR No. 148568, March 20,2003. Consuelo Metal Corp. v. Planters Development Bank, GR No. 152580, June 26, 2008.