CREDIT TRANSACTIONS CASE DIGESTS

TABLE OF CONTENTS
Cases LOAN- General Provisions PNB vs. RBL Enterprises, Inc. DBP vs. Commission on Audit Mansueto Cuaton vs. Rebecca Salud BPI Investment Corp. vs. CA Herrera vs Petrophil Central Bank of the Phils. vs. CA Bonnevie vs. Court of Appeals COMMODATUM Catholic Vicar Apostolic of Mt. Province vs. CA Colito T. Pajuyo vs. CA SIMPLE LOAN OR MUTUUM First Metro Investment Corp. vs Este Del Sol Solangon vs. Salazar Investors Finance Corp. vs Autoworld Sales Corp. PNB vs. Court of Appeals Eastern Shipping Lines vs. CA Pilipinas Bank vs. CA Private Development Corp. of the Phils. vs. IAC Casa Filipina Development Corp. vs. Deputy Exec. Secretary Tio Khe Chio vs. CA State Investment House vs. CA PNB vs. CA Yong vs. People Ruiz Vs. Caneba Relucio vs. Bullante Garfin Sentinel Insurance Co., Inc. vs CA Phil. Rabbit Bus Lines vs. Cruz Santulan vs Fule Liam Law vs. Olympic Sawmil Co. Sanchez vs. Buenviaje Bonnevie vs CA Francisco vs Gorgonio Philam Accident Insurance Co. vs Flores DEPOSIT BPI vs. IAC City Trust Banking Corp. vs. IAC BPI vs. CA Sia vs Court of Appeals CA Agro- Industrial Devt. Corp. vs CA Gempesaw vs. CA People vs. Ong G.R. Nos. G.R No. 149569 G.R. No. 144516 G.R. No. 158382 G.R. No. 133632 G.R. No. L-48349 G.R. No. L-45710 G.R. No. L-49101 G.R. No. L-80294-95 G.R. No. 146364 G.R. No. 1418211 G.R. No. 125944 G.R. No. 128990 G.R. No. 197873 G.R. No. 97412 G.R. No. 97873 G.R. No. 73198 G.R. No. 96494 G.R. No. 76101-102 G.R. No. 90676 G.R. No. 88880 G.R. No. 84719 G.R. No. 84884 G.R. No. 76518 G.R. No. 52482 G.R. No. L-72017 G.R. No. L-59664 G.R. No. L-30771 G.R. No. L-57314 G.R. No. L-49101 G.R. No. L-59519 G.R. No. L-47180 G.R. No. L-66826 G.R. No. 84281 G.R. No. 104612 G.R. No. 102970 G.R. No. 90027 G.R. No. 92244 G.R. No. 93849 Date May 28, 2004 February 11, 2004 January 27, 2004 February 15, 2002 December 29, 1986 October 3, 1985 October 24, 1983 September 21, 1988 June 3, 2004 November 15, 2001 June 29, 2001 September 21, 2000 August 12, 1993 July 12, 1994 August 12, 1993 September 2, 1992 May 29, 1992 September 30, 1991 June 19, 1991 April 30, 1991 January 25, 1991 December 3, 1990 July 13, 1990 February 23, 1990 July 28, 1986 December 26, 1984 May 28, 1984 November 29, 1983 October 24, 1983 July 20, 1982 May 19, 1980 August 19, 1988 May 27, 1994 May 10, 1994 May 13, 1993 March 3, 1993 February 9, 1993 December 29, 1991 Page 1 3 6 8 11 13 15 17 19 21 23 25 27 29 31 33 35 37 38 40 42 44 47 49 51 52 53 55 15 56 59 61 63 65 67 69 71 73

Cases Fidelity Savings and Mortgage Bank vs. Cenzon Integrated Realty Corp. vs. PNB Ramos vs. Central Bank of the Phils. Guingona Jr. vs. City Fiscal of Manila Overseas Bank of Manila vs. Cordero Overseas Bank of Manila vs. CA Serrano vs. Central Bank of the Phils. Spouses Ong vs. Phil Commercial Intl Bank Phil. Export and Foreign Loan Gurantee Corp. vs. Phil. Infrastructure Sps. Eduardo and Epifania Evangelista vs. Marcator Finance Corp. E. Zobel, Inc. vs. Court of Appeals Estrella Palmares vs. Court of Appeals DBP vs. Court of Appeals GUARANTY Atok Finance Corp. vs. Court of Appeals Dino vs. Court of Appeals BA Finance Corp. vs CA PNB vs. Court of Appelas PNB vs. Pineda Garcia Jr. vs. Court of Appeals Umali vs Court of Appeals Zenith Insurance vs. Court of Appeals Phil. Coml. and Industrial Bank vs. CA Lirag Textile Mills Inc. vs. SSS People vs Maniego National Power Corp. vs. CA Central Surety and Insurance Co. vs. Ubay Plaridel Surety and Insurance Co. vs. Artex Devt. Co. RCBC vs. Arro Prudential Bank vs. IAC Mercantile Insurance Co. vs. Ysmael Gidwani vs Domestic Insurance Co. Cochingyan vs. R&B Surety & Insurance Co. PNB vs. Court of Appeals Prudencio vs. Court of Appeals Willex Plastic Ind. Vs CA Luzon Surety vs. Quebrar Capital Insurance v. Ronquillo

G.R. Nos. G.R. No. L-46208 G.R. No. 60705 & 60907 G.R. No. L-29352 G.R. No. L-60033 G.R. No. L-33582 G.R. No. L-49353 G.R. No. L-30511 G.R. No. 160466 G.R. No. 120384 G.R. No. 148864 G.R. No. 113931 G.R. No. 126490 G.R. No. 118342 G.R. No. 80078 G.R. No. 88775 G.R. No. 94566 G.R. No. 33174 G.R. No. 46658 G.R. No. 80201 G.R. No. 89561 G.R. No. 85296 G.R. No. L-34959 G.R. No. L-33205 G.R. No. L-30910 G.R. No. L-43706 G.R. No. L-40334 G.R. No. L-30554 G.R. No. L-49401 G.R. No. 74886 G.R. No. 43862 G.R. No. L-31442 G.R. No. L-47369 G.R. No. L-30937 G.R. No. L-34539 G.R. No. 103066 G.R. No. L-40517 G.R. No. L-36488

Date April 5, 1990 June 28, 1989 July 22, 1985 April 4, 1984 March 30, 1982 June 11, 1981 February 14, 1980 January 17, 2005 January 13, 2004 August 21, 2003 May 6, 1998 March 31, 1998 January 5, 1998 May 18, 1993 November 26, 1992 July 3, 1992 July 4, 1991 May 13, 1991 November 20, 1990 September 13, 1990 May 14, 1990 March 18, 1988 August 31, 1987 February 27, 1987 November 14, 1986 February 28, 1985 February 28, 1983 July 30, 1982 December 8, 1992 January 13, 1989 June 24, 1983 June 30, 1987 January 21, 1987 July 14, 1986 April 25, 1996 January 31, 1984 July 25, 1983

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Prepared by: ARLINE C. HALINA