UNIVERSITY OF THE PHILIPPINES

COLLEGE OF LAW

BILLS, NOTES AND COMMERCIAL PAPERS

Second Semester, AY 2015-2016

Prof. Nicholas Felix L. Ty

BASIS FOR EVALUATION

Recitation: Forty Percent (40%)
Group Work & Presentations Ten Percent (10%)
Final Examination: Forty-Five Percent (45%)
Attendance: Five Percent (5%)

Total: One Hundred Percent (100%)

GRADE EQUIVALENTS

Score Grade Equivalent

97-100 1.00
94-96 1.25
90-93 1.50
87-89 1.75
83-86 2.00
80-82 2.25
77-79 2.50
74-76 2.75
70-73 3.00
0-69 5.00
 PRIMARY REFERENCES

Statute:

Act No. 2031, otherwise knows and “The Negotiable Instruments Law”

Commentary:

Campos, Jr., Jose C. and Lopez-Campos, Maria Clara, Notes and Selected Cases on
Negotiable Instruments Law

ADDITIONAL CASES AND MATERIALS:

Introduction and History

Money & Credit

 Niall Fergusson, The Ascent of Money, Chapter I “Dreams of Avarice”

Negotiable Instruments

 Campos & Campos, Introduction

 William H. Lawrence, Understanding Negotiable Instruments and Payment

Systems, Chapter 1: Introduction to Instruments

 Linda J. Rusch, Reimagining Payment Systems: Allocation of Risk for

Unauthorized Payment Inception (Introduction only)

 James Steven Rogers, The Early History of the Law of Bills and Notes,
Chapter 2: Early Exchange Transactions: Commercial Practice

 James Steven Rogers, The Early History of the Law of Bills and Notes,
Chapter 5: From Exchange Transactions to Bills of Exchange
Chapter I: Requisites of Negotiability

Traders Royal Bank v CA 93397/Mar 3, 97

PNB v Sps Rodriguez 170325/Sep 26, 08
Rivera v. Chua 184458/Jan 14. 15
HSBC v. CIR 166018/Jun 4, 14
Pacheco v CA 126670/Dec 2, 99
Evangelista v Mercator Finance 148864/Aug 21, 03

 Board of Inland Revenue v Haddock (also known as “The Negotiable Cow”)

Chapter II: Transfer

SMC v. Puzon 167567/Sep 22, 10

Gonzales v RCBC 156294/Nov 29, 06
MBTC v BA Finance 179952/Dec 4, 09
Metrobank v Chiok 172652/Nov 26, 2014

Chapter III: Holder in Due Course

Bataan Cigar v CA 93048/Mar 3, 94

Atrium Mgt Corp v CA 109491/Feb 28, 01
Yang v CA 138074/Aug 15, 03
Metrobank v PBCOM 141408 & 141439/Oct 18, 07
Hi Cement v Insular 132403 & 132419/Sep 28, 07
Dino v Judal-Loot 170912/Apr 19, 2010
Go v MBTC 168842/Aug 11, 2010
Patrimonio v Gutierrez 187769/Jun 4, 2014
BPI v Roxas 157833/Oct 15, 07
Yang v CA 138074/Aug 15, 03
BPI v CA 136202/Jan 25, 07
Chapter IV: Defenses and Equities

FEBTC v Gold Palace 168274/Aug 20, 08

Samsung v FEBTC 129015/Aug 13, 04
Ilusorio v CA 139130/Nov 27, 02
PNB v CA 107612/Jan 31, 96
Westmont v Ong 132560/Jan 30, 02
Traders Royal Bank v. RPN 138510/Oct 10, 02
Allied Banking Corp v Lim Sio Wan 1331789/Mar 27, 08
Bank of America v Phil Racing Club 150228/July 30, 09
PCIB v CA 121413/Jan 29, 01
PNB v CA 107508/Apr 25, 96
Int’l Corp Bank v. CA 129910/Sep 5, 06
MBTC v Cabilzo 154469/Dec 6, 06
Ty v People 149275/Sep 27, 04
Dy v. People 158312/Nov 14, 08
Patrimonio v Gutierrez supra
Sps Violago v BA Finance Corp 158262/Jul 21, 08

 James Steven Rogers, The Basic Principle of Loss Allocation for

Unauthorized Checks

Chapter V: Liability of Parties

Areza v Express Savings Bank 176697/Sept 10, 14

Cebu Int’l Finance Corp v CA 123031/Oct 12, 99
BPI v Sps Royeca 176664/Jul 21, 08
BPI v Roxas 157833/Oct 15, 07
Villanueva v Nite 148211/Jul 25, 06
Miranda v PDIC 169334/Sep 8, 06
EPCIB v Ong 156207/Sep 15, 06
Metrobank v Chiok supra
Nota Sapiera v CA 128927/Sep 14, 99
Metrobank v PBCOM 141408 & 141429/Oct 18, 07
BPI v CA 112392/Feb 29, 00
Lim v Saban 163720/Dec 16, 04
Bautista v Auto Plus 166405/Aug 6, 08
Agro Conglomerates v CA 117660/Dec 18, 00
Ang v Assoc Bank 146511/Sep 5, 07
Int’l Corp Bank v Sps Gueco 141968/Feb 12, 01
Allied Bank v CA 125851/Jul 11, 06

 James Steven Rogers, The Irrelevance of Negotiable Instruments Concepts in

the Law of Check-Based Payment System

Chapter VI: Discharge

Cebu Int’l Finance Corp v CA 123031/Oct 12, 99

Papa v Valencia 105188/Jan 23, 98

Negotiable Instruments in Contemporary Times:

 Daniel D. Garcia-Swartz et al, The Move Towards a Cashless Society: A

Closer Look at Payment Instrument Economics

 Tomi Dahlberg at al, Past, Present and Future of Mobile Payments Research:
A Literature Review

 James Steven Rogers, The New Old Law of Electronic Money

 James Steven Rogers, An Essay on Horseless Carriages and Paperless

Negotiable Instruments: Some Lessons from the Article 8 Revision
 TENTATIVE SCHEDULE

No. of Topic
Meetings

1 Orientation
2 Introduction and History
2 Chapter I: Requisites of
Negotiability
4 Chapter II: Transfer
4 Chapter III: Holder in Due Course
7 Chapter IV: Defenses and Equities
8 Chapter V: Liability of Parties
2 Chapter VI: Discharge
1 Chapter VII: Other Forms of
Negotiable Instruments
1 Negotiable Instruments in
Contemporary Times