Parts of the Board Resolution

1. Date
2. Resolution number
3. Corporate/Organization’s name
4. Title of the resolution
5. The board’s responsibility
6. Final resolution
7. Names of the board members voting on the resolution
8. Jurat

The sample Board Resolution has complied with the elements under Section 52 of RA
11232 or Revised Corporation Code.
1) Proper Quorum (section 52) - – Unless the articles of incorporation or the bylaws
provides for a greater majority, a majority of the directors or trustees as stated in
the articles of incorporation shall constitute a quorum to transact corporate
business, and every decision reached by at least a majority of the directors or
trustees constituting a quorum, except for the election of officers which shall
require the vote of a majority of all the members of the board, shall be valid as a
corporate act. Regular meetings of the board of directors or trustees of every
corporation shall be held monthly, unless the bylaws provide otherwise.
2) Authority Section 22- Unless otherwise provided in this Code, the board of
directors or trustees shall exercise the corporate powers, conduct all business, and
control all properties of the corporation.
3) Public instrument- properly notarized.
Parts of the check

1. Date
2. Account Name
3. Account Number
4. Payee’s name
5. Amount
6. Payor’s name and signature

This check is considered a commercial document as it has complied with the

elements of a negotiable instrument:
1. In writing and signed by the maker or drawer

2. Contains an unconditional promise or order to pay a sum certain in money

3. Payable on demand, or at a fixed or determinable future time
4. Payable to order or to bearer (so called badges of negotiability)
5. If addressed to a drawee, he must be named or otherwise indicated with
reasonable certainty. (Sec. 1)

Note: A negotiable instrument need not follow the exact language of NIL, as long as the terms
are sufficient which clearly indicate an intention to conform to the requirements of the law. (Sec.
10) No. 5 applies only to bills of exchange. A promissory note has no drawee.

Source: Negotiable Instruments Law (Act No. 2031)

Parts of the Legislative Bill
1. Explanatory Notes (rationale, objective and reason)
2. Constitutional Basis
3. Factual Bases (statistics, survey, reports, study)
4. Features of the bill

1. Introductory Provision
2. Long Title
3. Short Title
4. Declaration of Policy
5. Definition of Terms
6. Substantive Provisions (main thrust or purpose of the bill; right or prohibit)
7. Administrative Provisions – who will or how to implement
8. Enforcement – Penalty Provisions: imprisonment or fines
9. Final Provision
10.Separability Clause
11.Repealing Clause
12.Effectivity Clause

Parts of the Promissory Note

1. Principal amount
2. Interest rate
3. Parties
4. Date of the signing of the promissory note
5. Terms of repayment (which could include interest)
6. Maturity date
 7. Provisions concerning the payee's rights in the event of a default.
8. Acknowledgment

Here, the Promissory note, as a commercial document is valid because it adheres

to the applicable Law. The law on obligations and contracts is generally governed
by the Civil Code of the Philippines. If the instrument is negotiable, the Negotiable
Instruments Law (Act No. 2031) applies.
A negotiable promissory note is an unconditional promise in writing made by one
person to another, signed by the maker, engaging to pay on demand, or at a fixed or
determinable future time, a sum certain in money to order or to bearer. Where a note
is drawn to the maker’s own order, it is not complete until indorsed by him.