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CREDIT TRANSACTIONS

2-C
First Semester
SY 2018-2019

Laws

1. Civil Code (R.A. 386 as amended)

1.1 Loans (Arts. 1933 - 1961)


1.2 Deposit (Arts. 1962 - 2009)
1.3 Guaranty & Suretyship (Arts. 2047 - 2084)
1.4. Pledge, Mortgage & Antichresis (Art. 2236 - 2251)

2. The Usury Law (Act No. 2655 as amended)

3. Extrajudicial Foreclosure of Real Estate Mortgages (Act 3135 as amended)

4. The Chattel Mortgage Law (Act No. 1508)

5. The General Banking Law of 2000 (Republic Act No. 8791)

6. Financial Rehabilitation and Insolvency Act of 2010 (Republic Act No. 10142)

Case Outline

LOAN
(Arts. 1933 - 1961)

Art. 1933 - People v. Concepcion 44 Phil 126 (1922)


De los Santos v. Jarra 15 Phil 147 (1910)

Art. 1934 - Saura Import v. DBP 44 SCRA 445 (1972)


Naguiat v. CA 412 SCRA 591 (2003)

COMMODATUM
(Arts. 1935-1952)

Art. 1935 - Republic v. Bagtas 6 SCRA 262 (1962)


Pajuyo v. CA 430 SCRA 492 (2004)

Art. 1936 - Producers Bank v. CA 397 SCRA 651 (2003)

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Art. 1947 - Mina v. Pascual 25 Phil 540 (1913)
Quintos v. Beck 69 Phil 108(1939)

SIMPLE LOAN OR MUTUUM


(Arts. 1953-1961)

Art. 1953 - Republic v. Grijaldo 122 Phil 1020;


15 SCRA 681 (1965)
Martinez v. Ramos 28 Phil 589 (1914)

Art. 1956 - Tan v. Valdehuez 66 SCRA 61 (1975)


Jardenil v. Solas 73 Phil 626 (1942)
Soncuya v. Azarraga 65 Phil 635 (1938)
Royal Shirt v. Co Bon Tic 94 Phil 994 (1954)
Arwood Industries v. D.M. Consunji 394 SCRA 11 (2002)
Overseas Bank v. Cordero 113 SCRA 303 (1982)
Ramos v. Central Bank 137 SCRA 685 (1985)
Lirag v. SSS 153 SCRA 338 (1987)

Art. 1957 - Angel Jose v. Chelda Enterprises 23 SCRA 119 (1968)

Art. 1959 - Cu-Unjieng v. Mabalacat 54 Phil. 976 (1930)

Art. 1960 - Velez v. Balzarra 73 Phil 630 (1942)

USURY LAW
(Act. 2655)
(BSP Circular No. 799, Series of 2013)

Reformina v. Tomol 139 SCRA 260 (1985)


First Metro Investment v. Este del Sol 369 SCRA 99 (2000)
David v. CA 316 SCRA 710 (1999)
Investors v. Autoworld 340 SCRA 735 (2000)
Mendoza v. CA 359 SCRA 438 (2001)
Solangon v. Salazar 360 SCRA 379 (2001)
Spouses Pascual v. Ramos 384 SCRA 105 (2002)
Eastern Shipping v. Court of Appeals 234 SCRA 78 (1994)
Eastern Assurance v. Court of Appeals 322 SCRA 73 (2000)
RCBC v. Alfa RTW Manufacturing 368 SCRA 611 (2001)
Nacar v. Gallery Frames G.R. No. 189871 (13 Aug. 2013)

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DEPOSIT
(Arts. 1962 - 2009)

Art. 1962 - Calibo v. Court of Appeals 350 SCRA 427 (2001)

Art. 1972 - Bishop of Jaro v. Dela Peña 26 Phil 144 (1913)

Art. 1975 - CA Agro v. Court of Appeals 219 SCRA 426 (1993)

Art. 1977 - Javellana v. Lim 11 Phil 141 (1908)

Art. 1978 - Gavieres v. Tavera 1 Phil 71 (1901)


Baron v. David 51 Phil 1 (1927)
U.S. v. Igpuara 27 Phil 619 (1913)

Art. 1979 - Palacio v. Sudario 7 Phil 275 (1907)

Art. 1980 - Gullas v. PNB 62 Phil 519 (1935)


Serrano v. Central Bank 96 SCRA 96 (1980)

Art. 1988 - Aboitiz v. Orquina 39 Phil 926 (1919)

Art. 1998 - delos Santos v. Tan Khey 58 O.G. 7693 (1962)


YHT Realty Corp. v. CA 451 SCRA 638 (2005)

GUARANTY AND SURETYSHIP


(Arts. 2047-2084)

Art. 2047 - Machetti v. Hospicio de San Jose 43 Phil 297 (1922)


Lirag Textile v. SSS 153 SCRA 338 (1987)

Art. 2048 - Severino v. Severino 56 Phil 187 (1931)


Willex v. Court of Appeals 256 SCRA 478 (1996)

Art. 2050 - De Guzman v. Santos 68 Phil 371 (1939)

Art. 2052 - Municipality of Gasan v. Marasigan 63 Phil 510 (1956)

Art. 2053 - Smith Bell v. PNB 42 Phil 733 (1922)


Wise & Co. v. Kelly 37 Phil 696 (1918)
Rizal Commercial Banking Corp. v. Arro
115 SCRA 777 (1982)

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Art. 2055 - SOCONY v. Cho Siong 52 Phil 612 (1928)
Plaridel v. Galang Machinery 100 Phil 679 (1957)
Republic v. Pal-Fox Lumber 43 SCRA 365 (1972)
Namarco v. Marquez 26 SCRA 722 (1969)
Vizconde v. IAC 149 SCRA 226 (1987)

Art. 2057 - Estate of Hemady v. Luzon Surety 100 Phil 388 (1956)

Art. 2058 - Wise & Co. v. Tanglao 63 Phil 372 (1936)


Southern Motors v. Barbosa 99 Phil 263 (1956)
Saavedra v. Price 68 Phil 699 (1939)

Art. 2059 - Imperial Insurance v. De Los Angeles 111 SCRA 24 (1982)

Art. 2060 - Luzon Steel v. Sia 28 SCRA 58 (1969)


Arroyo v. Jungsay 34 Phil 589 (1916)

Art. 2065 - Cacho v. Valles 45 Phil 107 (1932)


Mira Hermanos v. Manila Tobacconists 74 Phil 367 (1943)

Art. 2066 - Tuason v. Machuca 46 Phil 561 (1924)


PNB v. Luzon Surety 68 SCRA 207 (1975)

Art. 2067 - Saenz v. Yap Chuan 16 Phil 76 (1910)

Art. 2071 - Manila Surety v. Batu Construction 101 Phil 494 (1957)
Gen. Indemnity v. Alvarez 100 Phil 1059 (1957)

Art. 2079 - Radio Corp. of the Phil. v. Roa 62 Phil 211 (1935)
Villa v. Garcia Bosque 49 Phil 126 (1926)
Hospicio de San Jose v. Fidelity 52 Phil 926 (1929)

Art. 2080 - PNB v. Manila Surety 14 SCRA 776 (1965)

PROVISIONS COMMON TO PLEDGE AND MORTGAGE


(Arts. 2085 – 2092)

Art. 2085 - Arenas v. Raymundo 19 Phil 46 (1911)


Rural Bank of Caloocan v. CA 104 SCRA 151 (1981)
Cavite Development Bank v. Spouses Lim
324 SCRA 346 (2000)

Art. 2088 - Bustamante v. Rosel 319 SCRA 413 (1999)

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Alcantara v. Alinea 8 Phil 110 (1907)
Mahoney v. Tuason 39 Phil 952 (1919)
Reyes v. de Leon 20 SCRA 369 (1967)

Art. 2089 - PNB v. Agudelo 58 Phil 655 (1933)


Central Bank v. CA 139 SCRA 46 (1985)

Art. 2090 - Dayrit v. CA 36 SCRA 548 (1970)

PLEDGE
(Art. 2093-2123)
(Supreme Court Circular 32-2001)

Art. 2093 - Yuliongsiu v. PNB 22 SCRA 585 (1968)

Art. 2095 - PNB v. Atendido 94 Phil 254 (1954)

Art. 2096 - Ocejo Perez v. International Bank 37 Phil 631 (1918)

Art. 2099 - Cruz v. Lee 54 Phil 10 (1929)

Art. 2105 - Sarmiento v. Javellana 43 Phil 880 (1922)

Art. 2115 - Manila Surety v. Velayo 21 SCRA 515 (1967)

REAL MORTGAGE
(Arts. 2124-2131)
(Section 47, General Banking Act of 2000)
(Supreme Court Circulars 99-10-05-0; 07-02)
(Act 3135)
(Rule 68, 1997 Rules of Civil Procedure)

Art. 2124 - Dilag v. Heirs of Ressureccion 76 Phil 650 (1946)


Phil. Bank of Commerce v. Macadaeg 109 Phil 981 (1960)
People's Bank v. Dahican Lumber 20 SCRA 84 (1967)
Prudential Bank v. Panis 153 SCRA 390 (1987)

Art. 2125 - Samanilla v. Cajucom 107 Phil 432 (1960)


Mobil Philippines v. Diocares 29 SCRA 656 (1969)

Art. 2126 - McCullough v. Veloso 46 Phil 1 (1924)


Santiago v. Dionisio 92 Phil 495 (1953)

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Art. 2127 - Phil. Sugar Estate v. Camps 36 Phil 85 (1917)
Afable v. Belando 55 Phil 64 (1930)
Tady-Y v. PNB 12 SCRA 19 (1964)
Velasco v. CA 95 SCRA 616 (1980)

Art. 2128 - Lopez v. Alvarez 9 Phil 28 (1907)

Art. 2129 - BPI v. Concepcion 53 Phil 806 (1920)

Art. 2130 - Litonjua v. L&R Corporation 320 SCRA 405 (1999)

Art. 2131 - Lucena v. CA 313 SCRA 47 (1999)


Cristobal v. CA 328 SCRA 256 (2000)
Metrobank v. Peñafiel G.R. No. 173976 (27 Feb.
2009)
PNB v. Nepomuceno 394 SCRA 405 (2002)
DBP v. Aguirre 364 SCRA 755 (2001)
Piano v. Cayanong 7 SCRA 397 (1963)
Union Bank v. CA 311 SCRA 795 (1999)
Cometa v. Court of Appeals 351 SCRA 294 (2001)

ANTICHRESIS
(Arts. 2132-2139)

Art. 2132 - Dela Vega v. Ballilos 34 Phil 683 (1916)


Barretto v. Barretto 37 Phil 234 (1917)
Legazpi & Salcedo v. Celestial 66 Phil 372 (1938)

Art. 2135 - Pando v. Gimenez 54 Phil 459 (1930)

Art. 2137 - Peralta v. Quimpo (CA) 51 O.G. No. 3, p. 1383,


Sept. 2, 1954

Art. 2139 - Villanueva v. Ipondo 44 O.G. No. 11, p. 4377,


Sept. 24, 1947

CHATTEL MORTGAGE
(Arts. 2140-2141)

Art. 2140 - Aleman v. Catera 1 SCRA 776;


111 Phil 377 (1961)
Montano v. Lim 7 SCRA 250;

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117 Phil 262 (1963)
Makati Leasing v. Wearever Textiles 122 SCRA 296 (1983)

Art. 2141 - Macondray v. Ruiz 66 Phil 562 (1938)


Ablaza v. Ignacio 103 Phil 1151 (1958)
Servicewide v. CA 320 SCRA 478 (1999)

CONCURRENCE AND PREFERENCE OF CREDITS


(Arts. 2236-2251)

Art. 2237 - De Barretto v. Villanueva 1 SCRA 288 (1961),


6 SCRA 928 (1962)

Art. 2241 - Sampaguita Pictures v. Jalwindor 93 SCRA 420 (1979)


Uy v. Zamora 13 SCRA 508 (1965)

Art. 2242 - Phil. Savings Bank v. Lantin 124 SCRA 476 (1983)
Manabat v. Laguna Federation 19 SCRA 621 (1967)

Art. 2244 - PCIB v. National Mines 115 SCRA 873 (1982)

Art. 2245 - Central Bank v. Morfe 63 SCRA 114 (1975)

REPUBLIC ACT NO. 10142 – Financial Rehabilitation and Insolvency Act of 2010