Beruflich Dokumente
Kultur Dokumente
OBJECTIVE
A. Know the Civil Code provisions and special laws on credit transactions and the
jurisprudence interpreting these laws and rules.
B. Enhance his/her communication skills in reciting cases and answering questions
during class sessions and examinations.
C. Develop a methodical mind that knows how to filter the essential facts and
identify the relevant issue and ruling.
D. Develop an analytical mind through the evaluation and comparison of the
evolving, or at times differing, rules and doctrines.
E. Acquaint him/her to (a) useful concepts in the actual practice of law, and (b)
concepts that frequently come out in the Bar examinations.
F. Instill in him/her the ethical responsibility to use and apply civil laws for the
common good.
SCOPE
A. Sections 1933-2139 and 2236-2251 of the Civil Code covering the laws on loans,
deposits, pledge, mortgage, antichresis, and concurrence and preference of
credits.
1. Law on Insolvency
2. Letters of Credit (Arts 567 to 572, Code of Commerce)
3. Law on credit cards
4. Truth in Lending Act
5. Financing Company Act
6. Rules on trade transactions (i.e., demand guarantees, standby letters of
credit)
7. Warehouse Receipts Law
8. General Bonded Warehouse Act
9. Pawnshop Regulations Act
10. Law on Extrajudicial Foreclosure of Mortgage
11. Chattel Mortgage Law
12. Ship Mortgage Decree
13. E-Commerce Law
C. Relevant case laws, implementing rules and regulations, opinions and circulars.
COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 2
TEXTBOOK
I. LOAN (1933-1961)
A. NATURE
B. COMMODATUM
3. Bailees liability for loss of the thing due to Fortuitous Event (1942)
4. Time of return of the thing to the Bailor (1946, 1947, 1948, 765)
C. MUTUUM
2. Characteristics (1953,1955)
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 3
a. Kinds of interest
i. Simple - 1959
ii. Compound 1959, 2212
i. Monetary/Regular (1956)
- Types:
- Simple
- Stipulated - 2209
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 4
Beltran v. PAIC Finance Corporation, G.R. Nos. 83113 & 83256, May 19,
1992
A. NATURE
1. Definition (1962)
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 5
1. Commodatum
2. Mutuum
3. Lease
C. KINDS (1964)
1. Judicial (2005-2009)
2. Extrajudicial (1967)
a. Voluntary (1968)
- General obligations
b. Necessary
i. Types (1996,1754)
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 6
1. Definition (2047)
Finman General Assurance Corp. v. NLRC, G.R. No. 94588. July 2, 1992
Govt of the Philippines v. Tizon, GR No. L-22108, August 30, 1967
Inciong v. CA, 257 SCRA 578
Escao v. Ortigas, G.R. No. 151953, June 29, 2007
4. Types of Guaranty
a. As to origin
b. Type of consideration
c. Beneficiary
e. Extent (2055)
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 7
Security Bank and Trust Company v. Mar Tierra Corp, 508 SCRA
419
5. Compromises (2063)
a. Effect of payment by the guarantor who failed to notify the debtor (2068,
2070)
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 8
A. DEFINITION
1. Pledge
2. Mortgage
3. Mortgagor or pledgor must have free disposal of property. (Arts. 96 & 124,
Family Code; Art 122, Corporation Code; Bulk Sales Law)
V. PLEDGE (2093-2123)
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 9
A. TYPES
2. Pledge by operation of law (546, 612, 1731, 1994, 1914, 2004, 1707, 2121)
2. Accomodation Pledgor
E. EXTINGUISHMENT OF PLEDGE
1. Return of the thing pledged (2110)
a. Requisites (2112)
b. Procedure
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 10
A. TYPES
2. As to constitution
a. Voluntary/express (Arts. 96 & 124, Family Code; Bulk Sales Law; Section
18, PD 957)
b. Equitable (1602,1603,1605)
Asiatrust Development Bank v. Tuble, G.R. No. 183987, July 25, 2012
1. Judicial foreclosure
a. Nature
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 11
2. Extrajudicial foreclosure (Act 3135, as amended; Section 47, Gen. Bank. Law)
A. NATURE
2. Objects [2140; Section 2, 1906 Chattel Mortgage Law or Act No. 1508; 1978 Ship
Mortgage Decree(PD 1521)]
C. REGISTRATION.
1
Reiterated in Baluyut v. Poblete, 514 SCRA 370
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 12
2. Procedure [Secs. 114, 115 Presidential Decree 1529; Sec. 4, Act 1508;
Section 5(a), PD 1521]
2. After-incurred obligations
A. NATURE
1. Definition (2132)
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COURSE SYLLABUS IN CREDIT TRANSACTIONS LAW 13
Cordova v. Reyes Daway Bernardo Lindo Rosales Law Offices, 526 SCRA
300
PDIC v. BIR, 511 SCRA 123
-End-
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