Prelim Output

Law II: Law on Negotiable Instrument TTH

5:30-7:00PM
Submitted to: Atty. Diana A. Velasco
Submitted by: Gellie Vale T. Managbanag

1. Payable on stated installment.

First Example

September 27, 2015

Cebu City
I promise to pay Romulo Neri or order the sum of Eight Hundred
Thousand Pesos (Php800,000.00) in five equal annual installments
beginning July 27, 2016.

Gellie Vale T. Managbanag

Second Example

January 3, 2015
Cebu City
Php75,000.00
For the value received, I promise to pay Francis Joseph
Guevara Escudero or bearer the sum of Seventy-Five Thousand Pesos
(Php75,000.00) payable in three installments as follows:
Php25,000.00 on March 28, 2015
Php30,000.00 on June 5, 2015
Php20,000.00 on August 16, 2015

Gellie Vale T. Managbanag

2. Payable on stated installment with acceleration clause.

First Example

October 1, 2015
Cebu City
For the value received, I promise to pay, in lawful money of the
Republic of the Philippines, Robert Jaworski or order the sum of Six Hundred
Thousand Pesos (Php600,000.00) in four installments as follows:
Php20,000.00
Php35,000.00
Php15,000.00
Php50,000.00

on
on
on
on

December 25, 2015

February 5, 2016
April 15, 2016
May 4, 2016

In the event of default in the payment of any of the said installments

when due as herein provided, time being of the essence hereof, the holder
of this note may, without notice or demand, declare the entire principal sum
then unpaid immediately due and payable.

Gellie Vale T. Managbanag

Second Example
3. Payable to the order of a fictitious person.

January 5, 2016
Cebu City
Php50,000.00
I promise to pay Cynthia Villar or bearer the sum of Fifty Thousand
Pesos (Php50,000.00) payable in three Equal monthly installments
Beginning June 5, 2016.
In the event of default in the payment of any of the said installments
when due as herein provided, time being of the essence hereof, the holder
of this note may, without notice or demand, declare the entire principal sum
then unpaid immediately due and payable.

Gellie Vale T. Managbanag

First Example

November 16, 2015

Cebu City
I promise to pay, in lawful money of the Republic of the Philippines, to the
order
of
Barbarian
King
One
Hundred
Twenty
Thousand
Pesos(Php120,000.00) forty-five(45) days after sight.

Gellie Vale T. Managbanag

Second Example

January 2, 2016
Cebu City
Php260,000.00
I promise to pay to the order of Archer Queen in the amount of Two
Hundred Sixty Thousand Pesos(Php260,000.00) payable on or before June
5, 2016.

Gellie Vale T. Managbanag

4. Payable to a payee which does not purport to be a name of person.

First Example

February 14, 2015

Cebu City
I promise to pay to the order of Jaminjik Uzuklovakia One Hundred
fifty Thousand Pesos (Php150,000.00) twenty(20) days after sight.

Gellie Vale T. Managbanag

Second Example

March 30, 2015

Cebu City
I promise to pay to the order of Jenet Bandru in the amount of Six
Thousand Pesos (Php6,000.00) payable on or before December 3, 2016.

Gellie Vale T. Managbanag

5. Payable to order.

First Example
Second Example

January 3, 2016
Cebu City
I promise to pay Rodrigo Roa Duterte or order the sum of Two Thousand
Pesos (Php2,000.00) fifty (50) days after date.

Gellie Vale T. Managbanag

January 18, 2015

Cebu City
Php32,000.00
I promise to pay Manuel Araneta Roxas II or order the sum of ThirtyTwo Thousand Pesos (Php32,000.00) payable on or before October 1, 2016.

Gellie Vale T. Managbanag

6. Payable on demand.

First Example

Second Example

May 1, 2015
Cebu City
For value received, I promise to pay Miriam Defensor Santiago or
order the sum of Eighty-Five Thousand Pesos (Php85,000), together with
interest of 12% per annum on the unpaid balance. The entire unpaid
principal and any accrued interest shall be fully and immediately payable
upon demand of any holder hereof.
Gellie Vale T. Managbanag

October 16, 2015

Cebu City
Php21,300.00
I promise to pay Mary Grace Poe Llamanzares or bearer the sum of
Twenty-One Thousand Three Hundred Pesos (Php21,300.00) payable on
September 25, 2016.

Gellie Vale T. Managbanag

7. Payable at a fixed date.

First Example

Second Example

January 15, 2016

Cebu
City
January
5, 2016
Cebu City
For value received, I promise to pay Alan Peter Schramm Cayetano or
bearerI the
sum oftoTen
Thousand
(Php10,000),
together
promise
pay
Richard Pesos
Juico Gordon
or bearer
the with
sum interest
of Five
of
12% perPesos
annum.
The entire
unpaid principal
and any
Thousand
(Php5,000)
twenty-five(25)
days after
date.accrued interest
shall be fully paid on March 26, 2016.

Gellie
GellieVale
ValeT.T.Managbanag
Managbanag

January 15, 2016

Cebu City
For value received, I promise to pay Ferdinand Bongbong Marcos, Jr.
or order the sum of Twelve Thousand Pesos (Php12,000) on March 26, 2016.

Gellie Vale T. Managbanag

8. Payable after a fixed period after date.

First Example

Second Example

September 27, 2015

Cebu City
Pay to Ralph Gonzales Recto or order the sum of Six Hundred
Thousand Pesos (Php600,000.00) in five equal annual installments
beginning September 27, 2016.

Gellie Vale T. Managbanag

To: Jerreleane Mae S. Canoy
Basak, Pardo
Cebu City, Philippines

January 1, 2016
Cebu City
For the value received, I promise to pay Antonio Pimentel, Jr. or order
the sum of Three Thousand Pesos (Php3,000) twenty-five(25) days after
date.

Gellie Vale T. Managbanag

1. Payable on stated installment.

First Example

Second Example

2. Payable on stated installment with acceleration clause.

February 21, 2015

Cebu City
Php75,000.00
Pay to Jesus Jose Cabauatan Binay or bearer the sum of Forty-Eight
Thousand Pesos (Php48,000.00) payable in three installments as follows:
Php13,000.00 on april 23, 2015
Php15,000.00 on July 15, 2015
Php20,000.00 on September 12, 2015

Gellie Vale T. Managbanag

To: Cherry Jean G. Flores
Banilad, Mandaue City

First Example
Second Example
3.

June 1, 2015
Cebu City
Pay, in lawful money of the Republic of the Philippines, to Maria
Lourdes Nancy Sombillo Binay or order the sum of Nine Thousand Pesos
(Php9,000.00) in two installments as follows:
Php4,000.00 on September 5, 2015
Php5,000.00 on December 8, 2015
In the event of default in the payment of any of the said installments
when due as herein provided, time being of the essence hereof, the holder
of this note may, without notice or demand, declare the entire principal sum
then unpaid immediately due and payable.

Gellie Vale T. Managbanag

To: Chemny C. Arranchado
Talamban, Cebu City

Payable to the order of a fictitious person.

May 12, 2015

Cebu City
Php24,000.00
Pay to Franklin Magtunao Drilon or bearer the sum of Twenty-Four
Thousand Pesos(Php24,000.00) payable in six equal quarterly installments
Beginning June 30, 2015.
In the event of default in the payment of any of the said installments
when due as herein provided, time being of the essence hereof, the holder
of this note may, without notice or demand, declare the entire principal sum
then unpaid immediately due and payable.

Gellie Vale T. Managbanag

To: Ethel T. Elic

Alcantara, Cebu

First Example

Second Example

November 16, 2015

Cebu City
Pay, in lawful money of the Republic of the Philippines, to the order of
Witch Princess One Hundred twenty Thousand Pesos(Php120,000.00) on
presentation.

Gellie Vale T. Managbanag

To: Mariciela A. Lendio
Mabolo, Cebu City

4. Payable to a payee which purports to be a name of person.

December 8, 2015
Cebu City
Php1,000.00
pay to the order of Prince Wizard in the amount of One Thousand
Pesos(Php1,000.00) payable on or before May 21, 2016.

Gellie Vale T. Managbanag

To: Sheena Mae Quisido

Bohol

First Example

Second Example

January 1, 2016
Cebu
City
May
4, 2015
Cebu City
Pay to the order of myself Eighty-Seven Thousand Pesos
Pay to Jaja
Fifty-Four
(Php87,000.00)
on orMamanla
before June
29, 2017.Thousand Pesos (Php54,000.00)
fifteen(15) days after date.
Gellie Vale T. Managbanag
Gellie Vale T. Managbanag
To: Fel Rose Adonis
To: Carla
Kyahe
Lahug,
Cebu
CityS. Dayaganon
Danao, Cebu

April 30, 2015

Cebu City
Pay to the order of Jeje Banyuk in the amount of Sixty-One Thousand
Pesos (Php61,000.00) payable on presentation.

Gellie Vale T. Managbanag

To: Jessa S. Geraldizo

Cebu City

5. Payable to the order of drawer.

First Example

Second Example

May 1, 2015
Cebu City
Pay to Joseph Ejercito Estrada or bearer the sum of Twenty-Six
Thousand Four Hundred Twenty-Three Pesos (Php26,423), together with
interest of 3% per annum on the unpaid balance. The entire unpaid principal
and any accrued interest shall be fully and immediately payable upon
demand of any holder hereof.

Gellie Vale T. Managbanag

To: Maria Lourdes M. Martinez
Tabok, Mandaue City

February 28, 2015

Cebu City
Php165,000.00
Pay to the order of myself the sum of One Hundred Sixty-Five
Thousand Pesos (Php165,000.00) payable on demand.

Gellie Vale T. Managbanag

To: Kenneith Andrew B. Yap
Cebu City

6. Payable on demand.

First Example

Second Example

January 15, 2016

Cebu City
Pay to Loren Regina Bautista Legarda or bearer the sum of Eighteen
Thousand Pesos (Php18,000), together with interest of 10% per annum. The
entire unpaid principal and any accrued interest shall be fully paid on the
first day of classes in the first semester of school year 2016-2017.

Gellie Vale T. Managbanag

To: Carlo L. Castro
T. Padilla, Cebu City

7. Payable after the occurrence of a specific event.

October 6, 2015
Cebu City
Php21,300.00
Pay to Erik Alan Pimentel Bernavides or order the sum of Ninety-Five
Thousand Pesos (Php95,000.00) payable on January 2, 2016.

Gellie Vale T. Managbanag

To: Dominic U. Skibba
Minglanilla, Cebu City

First Example

Second Example

January 5, 2016
Cebu City
Pay to Juan Ponce Enrile or bearer the sum of Five Hundred Thousand
Pesos (Php500,000) sixt-five(65) days after date.

Gellie Vale T. Managbanag

To: Yolanda S. Villamor
Liloan, Cebu

8. Payable after a fixed period after date.

January 15, 2016

Cebu City
Pay to Manuel Mercado Lapid or order the amount Eleven Thousand
Pesos (Php11,000) during the Presidential Election 2016.

Gellie Vale T. Managbanag

To: Nazareth J. Quiboy
Punta Princesa, Cebu City

First Example

Second Example

January 1, 2016
Cebu City
Pay to Gregorio Ballesteros Honasan II or order the sum of Sixty-Four
Thousand Pesos (Php64,000) eighty-eight(88) days after date.

Gellie Vale T. Managbanag

To: Kerinna Merin T. Atillo
Guadalupe, Cebu City