Professional Documents
Culture Documents
LAW 305M
1st Semester, AY 2016-20171
1. Concept of credit
Read: People v. Concepcion, GR L-19190, 29 November 1922
Republic of the Philippines v. Philippine National Bank, et al., GR L-16106,
30 December 1962
Pantaleon v American Express, GR 174269, 25 August 2010
R.A. 3765, Truth in Lending Act, Sec. 3 meaning of credit
2. Loan
2.1.
2.2.
Commodatum
a) General Articles 1933 to 1940, inclusive, Civil Code
Consideration; object; parties; ownership; use
b) Obligations of bailee Articles 1941 to 1945, inclusive, Civil Code
c) Obligations of bailor Articles 1946 to 1952, inclusive, Civil Code
Read: Producers Bank v. CA, G.R. No. 115324, 19 February 2003
Catholic Vicar Apostolic v. CA, G.R. No. 80294-95 21 Sept. 1988
Payujo v. CA, GR 146364, 3 June 2004
Republic v. Bagtas, GR L-17474, 25 October 1961
Quintos & Ansaldo v. Beck, GR L-46240, 3 November 1939
2.3.
1Students
must study the provisions of law and the cases cited in this outline. Reference - Credit
Transactions by Gomez-Somera (UP College of Law; 2 volumes)
b) Interest
(i) Interest as cost of money; simple interest; capitalized
(compounded) interest - Art.1933, 1956-1961; 1423; 1253; Civil
Code
(ii) Interest as penalty, compensation or indemnity: Art. 2209 to 2213,
Civil Code
Read:
c) Usury
Art. 1175; 1957; 1961; 1413, Civil Code
Act 2655, as amended; Pres. Decree 116 (25 January 1973)
Sec. 1, 1-a; 2; 3; 4-a; 4-b; 5; 7; 9-a; 10
CB Circular 416 (29 July 1974); CB Circular 905 (10 December 1982);
BSP Circular No. 799 (1 July 2013)
Read:
3. Deposit
3.1.
Voluntary deposit
a) In general; kinds Articles 1962 to 1971, Civil Code
3.3.
3.4.
Applicability; purpose
Definition, form, contents of receipt - Sec. 2; 3
Non-negotiable, negotiable receipts - Sec. 4; 5
Obligations and rights of warehouseman - Sec. 8 to 36
Negotiation and transfer of receipts - Sec. 37 to 48
Criminal offenses - Sec. 50-56
4.2.
5. Security transactions
5.1.
5.2.
c) Suretyship
Art. 2047
Joint and solidary obligations, Art. 1207, et seq., Civil Code
Sec. 177 and 178, RA 10607 (amended Insurance Code)
d) Distinction between guaranty and surety
Read:
f) Effects of guaranty
(i)
As between guarantor and creditor Articles 2058 to 2065
(ii)
As between debtor and guarantor Articles 2066 to 2072
(iii)
As between co-guarantors Articles 2073 to 2075
5.3.
Read:
e) Antichresis
Articles 2132 to 2139, Civil Code
Read:
Diego v Fernando, GR L-15128, 25 August 1960
5.4.
F.
G.
H.
I.
J.
K.