Any lorttt d rrytducfui ttdlllrltt Up vurrfu, crnlrrrlil of the

author ls ptdrlUbd aN ls a vloladon ol Uic lntaller,fird

@&.

.
2@0, 2010 and

20ll

U Jum20l2

CASES ON COf,fERCtAL LAYV

By J*tuD.Jltrslra

}{BEOTUBLE ITI3TRI.ilET'TS LAIY

A.
1.

O.[y.]y

dirE

A
bar* lrtticfi paH cfiecks wtricfi mro po+bncd ln blank
by th coDorab offcoIs r.rho vyEre leaving ,or ab]oad, wirldr wara stolen, itt
which the namc d the payte and t io amoud pa)bb Were wrltbn ln the wrong
placas, ard in wii'n*r lhe ainount ulas wrilen twice, b gutry d rrious negligence
and ahould .hale fio bcs {,ih lho dramr on a dlf,.4(}t6 bab. (8mt,of
Anrrfcr, fil t SA v.
m*V CltU SCRA

Wn

2.

U)

Thc &nF. ol a mcmoraldum .fied( who rtrnptilotrlry took lt

horn tho palrc b ['tro.n h6 gavo it ir rtot
ft.
bcoerro h6 dH not
banrfer 0re tuc to thc paFe. (S.r, ft&i,., cat,Etfu u
C31 SCRA

lffi

tdt

4)

Mq

3.

A benk whlcfi dronqlsly crdibd knnrertlably tre dfirer account

of its depocitor wi0r ihe proceeds of a postdated drd( he dcpoelbd and then as
a result dishonocd fte cficb whlch thc dposntr baned b labb br damagea
to iE ilepoolior.
tuilt vc, Tarr, CA SCil 1fr)

(fitfffi

"Cl

B. Acconrmodedon Perty

1.

An accormrodatloo makef who signed a prunbmry note in favor of

a b.nk whlcfi girnbd a loln to ttc .ecommod$d part a b Lbb lbr p.ym6nt.
(Gonrlrr/cl w
Conullrrc&l tntl htfrlrr irrrl., Erirt$
SCRA I

Wr

u)

C.Cor5rn0oo

1.

lt b glurDd thd a prcrnbsry nda

comHerdon.
SCRA,ljl0

baFd br

{Sm erilpdr, irc. u Cttpldao AilV

o.

ilcgod.0on

1.

lf a

wfr"tb

" gO
Corylondrrt,

c,nct b payablo to turo payBor and only one cf thcnr indorsed,

8rrlri.ad 7lut Cornptny,

tho erdono.nant b tnafiofiad. (lfrtroirnfitu,

Itrc. u BA FhE,ta co,,p,t,dp{,p, ab7 SchA

aq

E
1.

due counc

tloldorr.tr Do Cogr:e

@s63lon.

F.

A parly

crosscd dr"da r* ordottad b not a holder h

lnb the tlue d the endormr an<l tho natrc d hb
Jut&&|Lol 618SCRA34,
x,hom

he dld not hquho

penvt

Prylncnt

4ty font d
auUN

reproducflm wrilroutu|6 txtilg,, cq,'r,tt UAp

ptohlblted aN ls a f,olaflon ot un lnbleotl/E,t
Coda

A d.atl,eo bqnk tyhhh paid I dFct ufiicfi hed b6n itokt rd w

tlo pe.on ero!.rfhe it lbr pryn*f .urih a 6cdlhl. rurr b ldc tur
lhe rDsbdion d ltr ll,tout to thc .aco(,i o, thr d.Er, Uf lb bbfy.io.ad
be trdro.d f fie &nitr ild ,io( notly ! trsrp0y ol trc t6t" (Crff-lrr* d
t r Prrffita v. ffitA **Ug @rprtu, 6tt *RA' rO
f

signd by

tF

A &ailo bnk wftidt lEnd ctr.cl uiriclr *sro l8ar.d {,itr

notation thd try rvere payabh onty to tho accourn d ho peyee ad lhey rere
depodted in lhe account of rornebody eleo ie lk$le b rUlm fia amr.rtl dr.ged
agoirst |h account cf the draffi. (Arnt o, At lufrn. rr7 O SA v. Aarochlbd
Cltf.onx 8,/ok, SCE SCRA 61)

G.
1.

Dl.clrrI0o

U a chcdr rlri*l was rngc[ided by . h4ff b p.y hL t*r w

dirtsEld boca.la d lhr doa$ dtlo @(rla dha darr, llf rphoansf
r{h e crir..d dFck ut*rr w drhorE rd hr hd( d trrl &a. noa rElt h
e,dho.irtmed d th. obtgdoo !y ,rotdon. lS.Er v. JY. W8

,,,rt'a&OWqr.CtaSRArt,
. H. met
1. Tho 4a.rr d a drafl issued to ollec qr a teter ol cmd lr liCle to

tlg b{lk !o ufiorn lt ngotialod the (Ht if it war fthqgql .bccele c,

dbcrpsrri{is in the accompanrng doqmnts ovrn if tho bfik dd nol md(. a
protod if fio *arar llgncl a !parate irrdofildrB 6 rsnnrd tra $ant c, tro
dren if it is di*ronqcd (prcAuqs 8,,nk d tr mlWa * ffi

tnda.bls,

l.
1.

tnc.,

fil *RA'7O)

Ctacl(.

A bank whlcfi bared a mansgsds cfiod pey.bb b lh. odo. of

caffpt rdi,re bpry il booarJ- th. payoo ku,!d. thp paynr rtqlbrm
tlo erol,|d lh.[ n rtbr.d tlE drcd( b . fird p.r0 by tnirEk . GtcrtTerf
8rDtfi W.
6n 9CnA
.rf, Inlll Wy
v. M M
ca3h

aot,

2. A H( rlrlcrr ddrorgr<, a dld( q! lhc fluE gt td of

lnarndsE, dtl'ld3 u,ttr the 6rd 0rilrd wa fld il w!! darn aenH 8n
uncollected rbpodt lt rd Ible for aot d <krlag6! b tho ftai... (g'ir,^ d tE
mtwnn ,.fu'd'. v. &rrrB Cr6 *,RA 2u).

2.

A ber* whidr @pted tor dopsit m the crirlnt acourt of its

whldl hed no( boen
customor a ctFck *,fiidt wEa not Peyeblo to itt qldomr
r L gdty d rqfgerre end b flah for &.ttrgp. to lho
lndatod b tr
ps!c. (Co % il.o9oflr,,
Cotr/f.i y, Cfr SCAA 14,

o.&tt

{d

tu h.N fM

TRUSTRECEPTLAW

rr [-b

1.

r,|.ref a trd rwlpt fu f.&m b p.y tho

Th. tt !be.
lrustoo swnif tFydd trotlls.il fF goodlotordbt [Urtdoi\it{llrQleods
to e shlr cotttfr,U. I,,',4rg8,ff,0/, &lnk urd Trt,,, @rrtr,I/,y

6taSCR

2.

*W

ttt,

Tho obligsthn dtha fficero who signodtrud roacipts h bhdda

sirply Dcano he cspaadm g|d
corporfim is rnt eDoingruiglre<t B

ro{on

Any-formd@uenffi
auuror lE prohlbild

eN ts a

vtok,flon

ot ttn

ntcinauEtt

tlr trustor rtored into I rductJring aG[Bement Ot',,trp,I'tr,,

C,oryonttm v.
Bo,r
fnist iorryay, 6t?-stiiit-.cii'

*u,ry

3.

ut

Bo ttp

tltrgr

thc rndsldr-nrchasod wlth thc proo.oo or . l.o'r fjorn a

by.
hrr rufrtrur uoco orrtGriarrndni;nl(r;
gry
tsf_I!
row! atota q.ffioie Jrd tE h^H6.
t

rE

nd SL to pay lha

gaoger_nao na yll pdd rE rrrtbo, hc carrEr bo trid

Poor/a.,CTgSCRAZ{1)

brl( bau!.
-flUthc

igc fr

oafa.

".

INSURANCEOOOE
.

lBurano.

A tloalth car prooran i3 nd an inqrgrce polbx bGur. ils ndn

qurnog U ! prorrida t! rn6rrb{t with nre<Icd rrviea.- (Filhho f,..frf
C;rrr lnrolyd*rr,, htc. v. @gn&1oart a tuarrlt tuvan frdi-fr iis)-

'4, Irhrhallacr
1. A n$lno rbk r|de b ,rd m ildralr poflcy h.* h mrsly a
dedaratlon by the lnarrpo compeny corilknrkrg ta fie cr(p rpedlted in it ls
l_htc, hrc. v.
Pv9Fd -ry the msino open policy it usd (E rr.n, l',gfitg-CCa;
Pnxte.rtbl Ar,,,r,//tt, ttnl ,[tr[/l ,a, hr,.. W SCif
,&ibru,
hsumtco Coilryny &llc. v..htdhp ornrta irllttcrott S.rile.d, hr,'@
scRA70i0).

2.

tVtere tro expensgs for the repir cf a veosd $hich w!! guued by
fire r Duld 6r(oded tlroo{hr$E d its fuud yehre, a d*n ftr anlilnrdive to0al
loss is compoGiabla. (Xqd C*u Snfiyrrd+ irc.* Plot* lnsrurct

*ur@

@tllor.forr, O, *RA

nd

eC)

C. LlbtIllrmc
1. l,ws! t'tc hgllrd r,ho.ppffad fq ttF fdrd.ffi d ti. lipeed
[b inargre polcy d.d b.ftrt hc w Sb b to\ro fi. hrr-fry. th.
bcn frdary b nd artil.d b ddm fr p.q.dr. (Lh
t W Lfri

M,trrtrrCo*lfrltr,Lflrgf

9CRAr5o

2.

Vwr.rt lhc hrrd ln a lifa lnq.raoe pofl( nilrd hia mhfr!.s and
their ilhgilimat dill&m a! the bsrdatubq lhe pmcced! $odr, bo pdd to tho
lllgitimste drildrfi liioe his wib and tds leg[timata dlfidr.t oodd not $se in

kn

rrrg v.

D.
1.

kn

rrq,

SCRA

7n)

ilobrvahld. }!unnc.

d en lnarrrcB @firp.ny hr lhhd pcty fsitty

i[rurca polcy i! cqtrl b h. f-ny d lha rrft4 tr/y
faua lrt lt otooCp J. frr v. I5lU l|*macr

VYtso tho f&i&y

undar a mdor vlhicb

druld be hcld

ffiy

INTELLECTUAL PROPERTY @DE

Tndoma*r

eny@drwductton@
au0i,dr B-ptorrrMtrd and
Cod!.

l.

ffi.flt

ts a vlotilon of AE

A di&ihrbr canrd acq.jro

ffiU

qm*ltip d hc hqtmrb

d the
citllntt*r alnilrn,-ler.;'nJ,;

ffi,

2.

The urc ol FCOENOLS ac . ladilEk f6 food rpC.nrt b

.irdr b th. rleltblod rrrenk pvCrOOei6['-*-6.d
aupplemertr a trcf_psundri6ar h *rtw. ./file,u,fitr &d,rr&|,fl, k,r," i.
g,

cd*rritely

,totprr.g fl3',.tch r,rn,ryeng,,,

. 3,

SCRA

6A)

'l.larnlf caffpt be ured as tradqnad(. br fidl crtart mik fa

.
adults, bcarsa il b confrrcirngly tlimil* b. the tradmark
m ii.*rri
pordel3d millq rin tha pG[cilon
Orc ha<lqnark.Nan, albat(b b mskst
anaa3 that a,r the normrl orgartrbn of hrrinesa (Socbf
Prdufr

.nrf

,Vc.di, Sr" w At, a2l

SGRA

2n)

' 3. 'Dqnnffrt' can ot bc rlgtslrtd .. . tsld.rrfi E haili

beo.lty prod.rdq Danr I b oqfi*dy *nlr b th. trt rd(.Drr*f 'ld
b
typicd prFUictfu tll*n nt d ttdr (I.d.! rnl botr prcrfA FEir b
Er rn. (A]EEtq, tE v- rryj. frf,Eld*.-iE,. aA
IqlTqpft
SCRA
''C,,

4.

becace it b

.NS ILto PLUS| br trrOHOe

cqlil!&Ely ltmahr to ihc tlbmrtr.Ir.l0 EO

Tho

tlxlcmst

{d thoir dqnlrt{t fldrr b

v.Abtffitg,CtBSGRA$A)

aho,

'}r0.'

srd be tt.Hssq
IIl, tf nndddo

(WMnWnhc.

5.

A cffio lhop cannoi uro the fadernsk 'San Frrrnrco Cdaef,

bcause it b confr.irEly .lmilc b lho ra& ngne.San Ftltd.6 Cdho &
(Cdfu Pttlt ota, Arc. % S.r Ptack@ Oofia a rbrafry,
Roastry.
,nc., Cll SCRAi1E)

kr.'

6. A donpgtla rpordon carnd Gd.tr 'tlrve,f at a hdmartr

f n E nd yt b..n ]eilbrcd h thc Phhhe., bs.[ I b .t
lril.nlnicdy v.{.lc,loxn Urdcmr* rrd b proacbd rrl&r tr hr Cortrdon
.vm tr t lB rd b..n rre.d.Ird F*
ArD*r v.
ffi
k *rJ,t 0d ffi d rW W}aDlCia
ltll
7. Ihel..dcntcftit brrldy bd-xdfrtrhrhrlt'Frnffi
s}ldnlis ffihgiEi ol r.d'Ek (W v. PlEr., Cf lCnA $t,
8. The ralc d corrrtsteit lblbqo de.o!. @;ffifi ffihernsl
fln

9.

ln h I pdithn for cancollstion cn e regtsBd hxbnrk il lt rag

h.t ho pa0donor lE nd th3 or/(s d 0re urfinrd( tr priil
rsdl0dbr can bc ord.rtd canaelcd wilhotf noed dtrtg. ll?rrb pdorl.
(E Y. &d frls.t, hc. v. $lelt * W
d rrur, Wn
t d"ttascn I,
10. Apffin tr prltinan*y fpmt h t ltsf snp.f[ql{thlrw
becd an o alogrd dlp h llr ldo G, tr plhffi crd bc alfd filr m

erbblirfied

ovldtrco

ua prarro., h ryport

S.r.rrdrr,63t SCRI

8t,

o,

it (be.if

ll.

Oo*ddo

lto

v.

An acion br unfair cornpetition .e$u e dhfunor ca lqdd

porobrJrn g! i! rrtcnrblo h the ab8no ddoof thi lrlo dslrtub L Cvhg ill

AN lortt d rrgttducdm
a.rthor

$Aloua

t e rrrrtq, cqrclt ot An

ls prcnmd aml ls a.vlomon of frn

@da

is*!

of
Oas tanl(r th6 appemoe of th6 SEs
pofobun grar. (Wtut v. hboo cotpr,/t/[,t,

A
7.

ln&/ilr,ltnl

a nrsufactncr of

liquflod

SCRA T,,))

LlCu.H ffioLlltn G.r Cyllrd.r!

Rcfifig

vurittdl coor.na.r
.emended

Drad.d [(tlsfed pdolo(rn

ltr bred olnr b fbgJ tnd.r

Bt

ga qrur

uiahd.il tro
Partrll.81d9.33, a!

by Prald.diti D,ocrc No. tS5, even it it E o{,md by c araonrer,

officiltrF ot ihe liqugfed psolot,m gas crlindrr b fia|ryf,f, (Ty v.
D. Jomll, aS SCRA C?r)
because thc

C,
1.

Petcntr

The prdtO lnpotatlon d phamacautlcd prodrdr wiDsa patrils

ware rqrlbred in 0ro Phillppan6s is dorcd W
Rd,,'.- O,t g u Rqbnd
rrbl @ttrl d Glq,,., A,nr.ngr, W SCRA TO)

lail

tDar lo9fdon o(. p.tstt h. I pradrc( tho pdcilo 1o... lhg

adu.hrs ,Un b ltll(r, ur. rd ..[ flo pd.rld p.oocl. lPltt
Ptru;rr*tf/rrb,' lrc. t Pld, ktc. 0tUSCRa ra0

O.
1..

Copyrlgftt

Tlp qtuolro.iglt of I brosdcacing o(ggtdbn b frtroffi its

hoadcast doe8 troi apply to the aimultaneoue famr$!3im of he boedcast by
satlllto a9 a c&lo bloirit*m systom, by a srvrte Fwider, baca$o it b not
v.
hansmittiq the Uoadcad m its orn. (ABE{iBX
Aud,rIrdh
hc., 6lC SCRA ztzt

B,o.ttu',l/rg@t

Sffi

V.

CHATTELTORTGAOEI.AW

1.

Wtldr a fnancing corrpeny boqln fle clrlpfltsnt cf gl appli.:ant

for a lr and lhm loatd lhqll b the af[cant the frrxlion c'lnc[ be
corEido.d a! lh]dd ledng, boc.rrio tho bfiq,r lfady ox,ned lhe
eqSmd btr.! A fpf.d tu ! bnl {ld dEld't,trfr. bc <hrmcd r a loan
..ord by r drdd nroftaep. (fr !.,'fu rrd Fhema, t,f,. u. fu*,

rutrrlll,rtl,bc-GttSCR|tte
2. A cr.(r slE ffiid geod. otn(td by. P.5r ahfrl tttortngp
la peclurtcd tun .lourtng tp eood. fom ihr mortfne,0q.etr.ctdhor
b dlorEd oiy tD aqdty c, tdomdion (Rd cot',,[cld N.W
Cotportllon u Rql @op @tpontbn, @2 *RA w)
3. Ev6n if a Grditor wfio atradd tho goods *rt ,lEttEg9d uras not
eivBn nc[ice d tha qrcdon rab rdpdled Blhe tiortgseo,lho tbldosrc salo
b vdid ilfte ffifig ortdtor had ltnowledgc ot the knpcnftf toildo...r. tele.
(Rd M,
02
8rrrl4ry @ln,oriloa v. @ tug Wa,
scR ca,

rrl

OOffilORAIt ilOOOE

A
f.

&rlilodPrnorrdtty

ii.ll

frnmdd, rngragerial, and ftrncliord confd by. oapordioo

over arDthr corporetqt doo3 not iJdtlry dsroglrdiltg Urf rcparatc jlJlidce
pcrcfidhto! h lhc abcsrce of rhouirp tha lonfgl tls bolng trotd to p.tprhato

,{

Wn al rrycdlitilon ttiiltoutthe yfirtq, cottrottt U.Ap

auttu ls gohlttlld aN ls e ylolaflan d tlln fnlb#ncltr/

Any

6.

Codo.

frad.

(}JISFCO Gttutlr

corryrrrdrrtcnsGR

tq

lho malr trd

A*rrdon.fEfiA % mrbn, Santu

that a prson owB {O po. oont of the

.h.a!r d sbck

cf tro corpordon. do.o lFt ,u.tfi d.rteprdfro Or.t t.Prra. t ldcd

p.melt6 h thc $crp d proof fd tp ontrolr bdr of lhm fid b urho

f|g conEol b emmit

scR^ 5oc,

fad.

(lktt,,D ffitruttodal

@,orffi

,t

, 61,

3.

Th6 sopsrat peramdity of a corpordbn ctror.dd be d$gafdd il

ar Cts ogp d a sbckholdor. (sf,,/jln EnW,irc".y.Wro
Ro',lU @tporttbtt,E9o SGRA ,tt5,

is rmrely

4,
fd
lafr3r. (ffiirco fulo,r'. ffi,
ffit,''rSCnat't,

.
Thc mcr!
thafi a co|Pordidl ac+lrtd tlo a.aatr d sr0pr
oorpcrdion b noa qriciant bsas to hold lho bmro. lhbb lur Ix drfi ol lho

B.
'1.

v.

,W

talr F.ml''

Oftrcd! ]rd DltEio.3

Sinca coQorde ffiaars

*o

lhoee

$vm tht dta.cE by the

ptitfum of grtsd mangpr

Corporaton Cooe or tho by{8lva, the creafron cf the

prnsriant to

office.

il

nabflng proviiidt

(krc I krfulog,

M*'a2O1r)

h the by{a\}3 do8 rlci rCle lt a coryorste

epa/,, On t&,. fi,et:r,

hrc. v- @ttrl oJ

I dporation reniain in a hold<vor capqatv qftcr tho

lheir tonns rdil fFir sEoatqs ao ldod 6 S9dntd.
(Seltaor % Oortrrlr o{t oo ElGfitr"W SCR/I657,

2.

eplrratm

Offcers of

3.

A corpordo pfBid.l carnd dfrr irilo a corlrct cf leslcy fol

botrrf d e corpordon xritlod botd arttclze&n (lligl, W, ttc. t Prllr',

g1a15.tsl?,&Mra,fir)

L
SrDL ft

n0.

Ih. Crbrt llro lplovsd. codr.at sfEl bc H prrrqrCfy

lt' brlacfl (l,ir,t M, frtc. v. fu,,., C.'. rlo. rqf't?, dW l''

5.

cas6 of re'ignation of a holdovr ditcbr, lho

r,.qEy mld be

filld d lhc sboafioldI! and not by the ,snsinlng drobrt' Dcca"Eo trle
holdorr priod 1r] nol pad d hb torlrl Nfi l/o,do @rfry CW h,r,'Y'

N|*N*RA2tzl.
6.

dfier wio algrred a codr*t snd b. ]rE pasuly

lsrrrh3n Sp.ca&t., h*. v Fy{'Iftllryf, lgrtffifet

A corporab

il.
WlfISCRAt,

liabh rrdor

A aorporde fficor ls not liabls io( tle illegal drnri$al of sn

rc' v'
ornplq,eo irn tp *6.nao qf bd falh. (tl + W ZJrtc fthffi
a,;*?.h& 60, SCnA Aeo; Frutfu v, rqm} afl *RA

7.

t")

Any rcrm ot repioducflon wllho|,rtOre wrfut

author
poltlttl/Fd aN ls a vbffion d cott&,,t ol the

tln

CodE

lnbllecfrnl

8.

Tho d,ldor! u/ho p6ssd a.rcsolribn adrrlfrk ll! llaulfty ,or.to

e
pqpcrn da botlttcfi h6 p,scrlbed anden0erodlnb e drnfomfe*trtre
*1rt" of u! lqt h itr pqrnert !,o cily d b..t|bau,| .r|.1 thojd b. r*b
gd* S?$qr 3! d 0p CorponOqr Co<te. lslneefnpeaonmorar

Corrpra

rufuh*ndbtW.OtWlUq

9.

A corporate orftcer camot be hold li.ble lor ula .nonatry a ,ads in

favor of an arpOpe in the absorrca of a showlng of bed falh on hs psd.
(Fnncbco w kfrrt,63, SCRA ,rS,

C. Gorpontc Powrrs
f. A ocporafion whicfi rnodgsgod it! proped.| b lcor! the
psymorn of lh. lC' d lt8 ctiaf cdnpfry crlmt b. &rr.t b arloh tho
turedogr. d O. noQng. 6r behg ufra vhq boclrc I b hrirftaUa
(20r11or oto
SCRA,"E)

liqf Conprf,

brc.

v fua',,,fr{,ul

Ercnf,3D

M,8,

O. By L.ur
l. Wher3 fre by-lawr grantod Olo prsrident fro poaror to bo.row
mofloy in bhCf ot the corpoofon, h. do nc* nood efio.lzaton fro.n fha
M d drEdor! b do so. @t fu, ,&,ttu fu, hrc. v.
T.ub,ratq60/'scRA172

E slocldlold.fr
1. A crdibr cil a coeoratfi

can !rue the doddroldla d a

ar. itr ol{y rrh&L r!!t!.

corpore[ion br their (r.|peid a.olcriiliorls if tho.e

(lrrlby v Prtulirl0,, llc, 49 *RA rrg

2.

a uff.cordod
psts o.fy, t,Iffiabstu.t
Shcc

&t. b ualid o bccrten lho

c dlh. !ruEio f lh. dui(l.L lad b

franCer cf

lGqtrreoov.Sra4uoou,8tasci r3.t

TlE hyor ol ltlat8 d stocl b crli0od b haY. ha $m! d !iod(

rgbterod h l'il nane aeepite the pendeocy of an adion (n.todid{ne tD vdidty
of tho sal, becarca it is an inhersrt rid* d omersttlP. 0.co v. Tocraq 59O

3.

scR/r t2,

An acllbn flod by a mlnorlty 3toclfioldr d a corporauon tbr

arrr.drEirt cf the mortage on the propartiec of lhe coryantim ttd 0E

4.

fo'ldqre rdrqrlr.gund lhaalho drtcbf!dh,.dlhc mqFrty Sdddor

b otadn lo.r rd b mo.lepep thc PtoPedh. ui[iqn bo''d a.fiortscion b
rctdly r ffirt
d rd .tuld b. fiLd uhdt ft Prhdp.l d[c. of tl

w)a

Any lorm d rqtducfon vltlrotz/ lhe wllten csrrllil ot the

autlrcr B prcrrr,/,]?d end ls a vloffim
An
Coda

5.

corporaioq rlo0r.r

d don parbltt to h

anit the cilro

,nh&ty doddrolder qnot flo

Sinoo in

hMnl

a do.ivdiw

(CuuTu+&l*AAUq

grotrr fifidve

6.

sul.

#.t! b

lt ir e
hr a derlvalivc uit thC d rt.sndlo
'rq(Jtoatgla
)draud irilra-corpor.lo
,modisr $ouad h.rt been o(ortod. (fu v Yu*,/yglnn,
st9SCRA 6EE'

7.

Tho cornplaint in a dodvatvo 3{it should allgc lhat no appr8isal

rights aro svailaUo lbr ha acts complained of. (Cu. v 7m,
SCf,a 6E0,

F. Pfrtrahpoctoo
1. fhe hCr ol a &c.cd dod(,d.hr qnd crfr tr rt { of
insgccdon of r rioddrldrr [t tc hc h[ nd ]d bin,!.udd h lr. cqPdat
f tOlA ttt,
bookr gr a rbddroldcr. @o y. Pt,,p W'atc.
2. ln an adlm h enibrcansil cf tho figm d hrp.c{$ c, a
s'todrtrolder, the cficer x,fio daried

Y,Tae,Cof scRA/r/')

fro r$red IrxJd be tn d.

. datrfih. (C.r.

lLrg.r

,. Ttrs m(!or ol tu,o orpordiotli i! not d.lit,. it rE ,thles of

,nfeer ureftr rgidord with hs SocilIitiet and E dgllo Cmrdssion.
**n rU &RA 2t )
fflrrdmro Savtlgt .N r.Na !cirr/r[bn, *.
".

2. h coe d nreryer of tf,o corpordk ns, 8lo an lYilg corPdrlim can

Ur.ctr of onfri* ente|ld i{o by th. 8b.otbd spadcr' lBbD.,
Bu.tt 6 t{ot&igr,lrc. v. Sulroolqp SoatU.lr Ay, ,tt SCEA t(D
H. leer*dggitt
,. A lbffiIh crrrd tn do fir +prdna ftrf. I lb coOcr*on

be lrJod for

hs

rE l,r

!.tlcbd

rffi

WduilSCn
lL

*Yf.tr! b pry Nm ITArfr v Ld/@ SAhltt,

rt,

NonfrllttcorporauonE

A Provilion in the by'l8ws d a univen{ty lha[ 0p brm d ffiea d

tho morrDfs of ib Doad d fLeos ddl bo nro yoaf! pradb ovtr 0le fiil}'
,* Em h tho Cooordo.t Co&. (SrnfOr v. ,,,r,/fr,l,,,ittrtry d tttc

1.

WIa,C/6/5SGRAG{,

l/rfs h. noafr. d d.frr$r.rq h tr m,rtld d lrE fiy dt"

us! !fit by. trm-p.dliccDal|bnb th. Pdaina bs**h. n .ls.to'Yo

edot . rlecplr lb lspurctpottd. d!.tl tf, tsdhb-ptopclty

stgo and tE ffiItdh.t of hir ncrtcnhlp b tiot i'eld. (Wry N t"tt
@ttltty Ctub' hc v. ttfi. & Crran n5 *R 2r8l

as his rmitng

Any fum

authq

3.

rdhn fded to rE@ver l{r prop,icEy *ram filctt by a morter d

non+.dt corpqddt dor ndoes of OefrqrdEy h tha
Falrmd of tho
Ilronthly d.n larf b tr pot{dnce bu hega,oo hL maHng
rdrfcr$a rsg
r,tnrEd bocaa. dlh. doar. of tlo polt dfco bq I|d lh
lropabhry tfsl
w lold.t.c{onblavrOrc proprlotryrrlro eo.cr5.oh;Uil
h
erd$ae x,i0r A,{cb 1110 d tho CM Codq Jld g.Gton 69ier
o, tho
Corporaton Cod. wttlctt de6b x,ttt de0rn,eliy .d.! L fraperc*f.
(crqatg[,, N nd @utrty Club, tnc. v. Ctci'grr!. 6At SCet tooi '

An

4.

A corporation solo rnay b convrtod irto I corporEte aggrlgEte by

th amrdrned d lb dides d ircorpoatim by approrat of at best t$D.flirds ot

the mer$orr

corpordlon aoL,
rrligiorr3

lho rdiJolrs corpordm wt0lod need of dslolving th

fio rdar applldlc b nor}.bd( oanor.Udir .ppty b

lllr

colpordan..

tlEtrlf aarunrcr

t-olrlrp,,tra9Eilil)

L
,.

&fi*ff,

Laffi,brc.*

FOREIOIIOORPORA'NOilS

A brdgn cqporation s,hich mlsly inport! goods fiom tle

Philipflrrs b ncf doang h.cirls ln tto Ph$ippinor, b6!e I h nci md.ri*ing
an edh,ity h tho PhIFpirFs b mko Prmi fc.r34, b,f,, v. trtt *zt

Arsurenc.ow1ifiS6RAq

VII.

SECIJRITIES REOT'LATION CODE

l.

A .tod( brkar u/tp sold tho ehdo3 of 3tod( d hlt clltbm* wi0tout
th6 knmledep sd cals$t d tho a6tomr i! ot hod b rdrn !hem. (Prcrilc
RClo1l.c
u
*urltb,erc" 68, SCR/i 2t4

W,

ffi

2.

uJ?uo a oorporathn ongaeed h fJekts 83 a @mmodilis badors

fio
allolrrsd uSlEdt*.tmn b
botrflen tEm b voad fq beE h virdon ol tho rds m ooltEdty

csta
hcndethcsrtd..LGg,
tift8
ft.S.
h
b.
tnd
tdrrrd
lhe
olbmr
badng srd lhc hr,.Engrt d
(tXr.iff- Toto Oo,iooffa., t c. * Oro,!n, GD $fiyl toa,
3. Slm..@'ld(hdcqf l,lfi.sccEr9.tdttr Rovbed
Secuifec Cod. ttott.o ut babn d the 84m.. R.OfiUm Godo r rry nlc,

rs$idim d o{der mder it or any nrle cf en odlmgo, nghb,q, aaqrlth3

aioddon, aegirg agoncy or o0rir aclt{qdery oqa*ac1 whlb e ease
and d6dd;.d.r unfir-S.don B{ ot flo Soorfrb! R.Oldbn Co& b bq!.d on
an ad ltrd $ll ope?8to a3 a tard m hlr.tnont3, a oe.33 ard .bi!l o.der
which e'b! bo0r riloo nd givo an inte[lgE * bs.lt b lrsPmd b lt and Yiol8teg
the dgtfi to drc 0roo... (iorazmof Srt/cc hrgvrocr $a{lm Y. bud d

Arrpr[,,N*RAl/3l

vu.

crvr.oooEPnouslofis(,l{ GOmOilC,ARilER3

A
l.'

\llgirnovrGoortr
CorrrEn c{tlct tqnaln [Slc

*ff th'y rt bohg

tffi ln urr'cr

lbr camcr
Y. rlo/ft

udoedad. @nt Cotfrrrrrootsfurpor

aroau imitffie), brc" 60 sR

py.rlrlr u rrytdi

amt tc a vtotauoi-i
ni;-irracnmtin
?:!!r_o!_k^ptouuw
-- ---":
Codg-

n#iB
wum mWna $Wbg, hc. di2scFa.5ri:--"- B. urf*pcrngcr.
.Dunpso1_.a roo
_ A pars.rE.r vrito wrr irgnr<l *fien tlo hl! h wflch t! u.t rtdnd
slo I txru3e dlo b th6 rocklessnss ot tho dlvcr sr rccove7
- moraldamag$. (RTnaelrrtGotronttotrv.tuila,8loiQf|/

iq

2.

A comlllon oanier is not li*le fa the dath da p8songor x,hon A

its sire, becauce il mr hrrped by a tuck wfiidt lod n"'a*c*fmarrrJ
v.clllq?4 60aSCRA 6t9,
.

fell_on

C. Aldln Cr6
1. WrtE the &erd aocrf of sr atotr cofip$y mrd tle
pg9aelgnqrd ho q*l br nOootroOtbr. iieft ti!fli ttarVotr'O tc-]Vrgotoc
u,ffi il eddtqr.l prytEf dffiy &!r' hl rtldt h. .qluql h t{i, yqi flB
airlim corpany inbm.d htn trEt ttb ticrt ws ,rc0lLd and rH.rrd
upgradirg-for Ibool(irrg ad ho pdd SAl4 tu the rfgrdng h. @dd 3i fle
alrlino compeny tor

@:

2.

ry

y*

v.

W,ti

W *AA 0r)

Pas$ngo.r of an a&fino compny x/tlo y}re not accfiimoddd fur

their sche&led fridt becatet. of overtoohrB ar6 rdtod b fi arild d moral
dma06. (Notilrvr', qfr Ahlhta, hc. u llahu4 Crl *RA aA)

D.

Wartrwconwndon

U,hsa the.ccfirlr{ryim t{OEgp oa en aitra pa3tanea. Es @

end was not rrtm.d urdl two }te! lebr, tto tb0orl? odlt ot
Pra.rtpr
rers rpoatdy bnaq ard tp fily acfron tp.nho collT{ry bok b locate
*tr.'coltpqu crFa
hl! hrgEop ra. t.nd frree laler lm..rg!,
ytlrru Cqn
pru{lddr
h
the
d
ltulity
ihe
on
th.
lioflsudt3
lnvdo

tt

tr

b.cau$ n aci.d

o'gturql,
2

r$.t

h b.d ftfih. W Frm v. Gtrryq 6.R &. ,Graq,

0D

i psgrger cfrid elc a tur|en .ih. @flP.r, h ttl

b
fd
fit
lifu

h.d
Phitppano. utt ro tF
th titkE cotm{ty uatpt hcilpo.td
wrs rdtalad ttoa4 end hi3
omCpa pbco d butin .. tb.oed, Uto
asttuiaticir *s abroad. (nuiW v. Btffafn Alllra6, 615 SCRA @,

tx

@oEoFcollrERcE

Tho daim egpinst a lht{tilg company fior dan{ot b iqegt"d

rb.drontPla$ b lgr*ntse mdi.nwfiledui0*t24lg.rs
fiom thoe 16ht, o nh.a,a Ov ertUc S ot tto Ce(b d Cgmtlfca lt,cnq

,.

wEste urat

6fc
SrrFft, W,
bc. Y. M
Ad,
O.rr.r.,
*nA26rt
'2vl,ts! o|. osrtc d a rt..cl dsbrtd lal . ffiDoa'' lhc
ttc Y....1 .ta( b.Gu' d th6
h. vo$l,.
8.6ffi
dra tec.
alod

'1d ilr cqp*' md thc omr

,t*lloorm ot [ne a.rbdrrEerr fr riforAfm
they-carnot dre the doiblr ltnt tleir
velet,
toar
a
U
Ure
iiiiiiiu+larlour
;;tiiity r"" otdtEish.d bro d0i.lols or'fre vro!.|' bocer-stty^thc
*n # on im,ok;fis detsrrra' (Do b toyn v. &tttt d Apr&., ttt SCRA

7r1)

l0

"

Any lom

audtof,

ngtodudon frlrotttlnwrlltctt cmrrirl ol 0p

Nohlbrlgd and ls e vb,ffion of 0n lntal/trf,//t,/

PtorgtvCode-

x.

ruBUCsER1'ICEACT

1. A l.ehL0rro fiildtb. b ma drEy! neo..sry b op.rt a public

Deoa|c CqUor can (hbgd. Ith efio.lty b grail trldircc b rt
adnlniedvc rg.nsy. (Fturc&ro v. 7d R.gerrtuy tufi!. g SAA Aq
rJ(ilU,

2.

lt lr the Emrgy

Roouilatory Commlsslm whlcfi

decido disput$ rog{ding di!rymodion of tho rt.pply of

lnc. y. ,,,,n/flf;

El&k

@/,,,p',rry, Cac SCRA tt6)

h.s lrrladkfio.t

oMidty,

t{orrn,

(BF

3. lt it ulo Enorgy Rc$datory Commi$ion rfilch hil Frlldction orrr

disprts irwoh,lng the mad(etlno and drtitutln d C.ctlc aota..
Eftf,/a Wtary, ha v. lffiml tuyr @tPorrtix,r, C, C SGRA 6et,

(|tu

4.

The irunedate dscornedion of t)t .bcricily tmdo by et'

d Lctlc po\rr oolr?cry llp lbl.rd . Xmp.r b.he tI.d by .
ordomr b nd r,.td ff m oftl6. d lh. h or ]!Plr..ndva d l,! En Oy'
inspcla

(W Wb @yy. y.
hrfr a&b y..Ct,t
bt rp'tty
ru* W
, OB

Coil{.lbn wltl...cd tho kr.p.ctdr

,*kO Jtu Tarrr-y Ph,'.. htc., 6V0 *RA &;
Reguffiry
llc,'..

S.r,hgo, 6e0 SGRA trq

SCRAE"

ffi

5.

The clisconnedion of lcfic aeruhe for allCed r.rcc of a tunpered

the
mter i! not vdld if the consu.nption d oldridty ,mind thc ganp
rdaoeflrd d fhe rnstr. ([rirrf,r EhcrTrc Cotway v. CltU',, aA *RA C'r)

trr

6.

Tho !.Lliond TelEcomnr,n'rcalhna Cqnmiaslm camof carcol $

csrfficates of pl&lb cmvnlenc. ot broedca6iline liedont wtloh dd nd coflply
wih the teq*rmrnt ln thok loFla0ve trm.hb. to rrd(. a Pifla dhieg of d
lead 30 po( ant d fth 3harss of dodq bocau$ it ha! rd b-n Cvcl qrdl
q/!!.o, loc., 6ta SCRA
rrlric .
v.

nq.

r.,

@trpffiero.&..&r0l

W[*,

CAREABEG@OOSBYSEAACT

l.

Vtf,s

&

adion fur <ranrag.6 lor.ttdtaeo h thc (haisy

d eeo&

qat -d rh..ttrlhlrf d th. ao'r?Bl

{*rd
to lrpb.d lh. ccrct ahFgeE agutt d the crrylrf rad E mS lE Osl
a year Aer m OeUwrV ii tre poOa, tho actio.t ls bdtd by garolpdm m&r

*u

fled

thc

rffirg *apphg

Cariqe d Good!
lnc.,C2lt*RAt29|

Urir

by Soa Acr. Pltrflcrlt, Plil&,/ncp,, htc. v. S'tr.

d
E

2.

Fans,

gnorator sot!
An dlon br dam{p8 filed by an lrlPortor
aOsirst the thlpphg co.rpmy $tich rarFported thom wtilqr *ar fle<lDq/qd'
aerrd by tte
ure orpyo* liri*ftmle;,ofod b baned, evqt if trc (nay
tto
trng by ittc lipsbr'of a ddm agaffi lho irar* of th. gfirtor ..at
.,ra
tro dam.
rrer,r ao not

(Prtl',.h ttc. v.

XIT

Fm
ilt.- fil.ltpt

td

(rl* W fruqa4lDiirqF

SahpfU co,rpf,e/r,

&SCiA rr?

TR T18FORTATbXAilOTRAFFIC6OE

l. lt lr tte ]rgldord onrr d a mcnor v$k{c beip-le*od under a

lirEldd lstlim agpcmont vrfp is tiable tolhe partle! u,ho *s! kiJd bcautc

Arry torlm

ol rqodluc/lon rrtt ottt Are vtfren irorlrr rt ol Up

wthor ls Norilbl/hd aN
Prcpertygode

k a vloffion ol ttc trfiilnc,fin

.ner vtddo. FeBt-{tr,,Uttdf,,m.@tpn&,a

C6,SCRAt,

ot tho operationd tlE

v.Bqdon5

Xtt

I.AWOXSECRECYOFAAilKOEFqErIS

,.

t l/hst m irfrmdion cfrarging a cadasr x,ilh qJlmhd lhdt .lrply

allgEd Ulat she ltde c.$ bclqtdrE b hr o.npt9!r utftorf e[.!hg lhat 3ha
did it by taking c*Fcl pry$le b tl* amployar, lorghg ho fi.tqsxrErils d 0re
chcks. to heraelf, and <tepocitirp Ulo dockr h hd bar*.
tD,rcords of
her bank accotmt rmaln corfdntial and lr*nbdbb h eirldano, brcanle lhey

eut,

ars irlvant. (B{tB

xv.

6roe.,

erc.

v @, Crz

SnA

W)

rRuIt{ l}t LEt{mEAcT

- Th tlrdoqrc h tb gunlrsory noto lb.f aatlr frt h a t.prato

disdoaro sistefis{ cf ,to hbmdon rtilcfi tt Tnfi h kn lre &f rtqritr. b
bo giFn to bqrorqr h elfdcna o.rpflrtce ui[l tt h. (W d An

Phffin

x\r.

btutd.

vt

ari *RA

Yu.

$A

BAxKr{G Ltu,8
A"

Oapo.nt

1.
A ba.* rhich &bitd Ule affilnts d a depo.ntr b pay fur a
cashier's chd( ard a ,ninsildr dpck pnr,chase<, h tlc
of lb d.poitor
on the besis of foreod Sdcatons must fEsloro fE arcut d.blbd b th
accounts d its dposliq. (Ph,,9,*/n Na{prrr' gf,/tt* v, F.F. Ct'[ a @tryt|4/,
,rrc" 0t SCfil,A &tit,

nr

olt

te

(W

B.
1.

Antholty of Brarct

C.
1.

Cloeimof Brnk

D.
1.

Ul[oun r B.lsng Pnrcdc.

lllag.r

Th. ffii m.n{tr d a Drt( ha3 m srEity b r*.D lhe rel

mort|{t ooq..d b Ert rh6 pryn .a d.lar utaoh b flrqr..f.
y. Plr,&pl'. O..ltlmfcf.Ad 8r*, hc" .,t SCAa t,
.,.

A bar* b nd ediud b bo ivon a copy 0lo llport o, Ul

[r arbrnbslon to tho ,riontary 8fld fo. pocliuo
e)mination of tho bsrl(
(B.,a,no
d
lhe
bank
Surt,,l ng Prrht 16 v. rl'/&,,!n*, CAt SCnA
cloqro
69t,,
A coopl*f 6r m.drd br{(iE tr .fio. drd b. e.d h tp
frial Cou( bccan tp llmetry Eoqd h.t oclrlholridcton we
lr(onrp * frcorr, t90 SCRI to,

RE

It

mr!

dd

2.

The (t3mit.al of a cotplainl tor msqIld bs{(lB ptrcdea u,ltldt

lh. qdur{on b...d on ho oraluation d th $f*vlrio ittd
E6mhstion Op.Itnri md t Orfioe cf lhe GonerC Corul d tp Bfroko
Senrd ng Pillplna. wltlolt explaiSng Ulg ba8os for fEm b rtf rficltnf
v. E @npn, htc, *1
t?r,
PofN @nut Phttttr
rtorely prBsntod

hk

lc

$n

a-

d ryrodttcflon vldwtffi
b Nohrrltfd
aN ls e vroffion ol ,hi friMtfr,/{[/
MyColb
Aay fonn
aufiltr,r

E tlm Dcpoltr
.- 1. A spedd Evinetr accorrf *fr,i oarn a hidrcr itt rlC lhsr
ordirsy rsvlng. r@mt I it L rnhBrd ftr pc.lo& of 30, 60, S] a trc da]rs
b a.tuCy e ttr drpoit.nd b fnirt b doqmrlry *erpi Oi cvsr f n-ar
ovifrd by. F.sbook (Prt&&o &,,t*u Wt
u ffinr
d*,fitrdturil,ttcEtT
*RAgc,l)

F.

Lo.nt !o Rd6d

m.lt b

1. . Th6 nro o acl of a dretior sd prcHod d . ba.lk of oHair*rg a

.loan fiofli
tle banlr wlhout ttle spp.ovd d lho imrorlty of tho bo{d d drsc6n

condih.lts vlolatbn

Sootio.t 36

dflo

Surtil/ rry P&lr$,a,.gCnAC,,j)

Ge(Erd Bar*ie

2. Ihc poridcrl d e benk *p

r&O. trqiunerfr

obtninod

lrw.

(Oo v.8tr,ngko

a lom fiom lt

wiElod

S ottre Gctrd Brfdng Ltrad

fabolynFdc f ec_thCronobodyehceh.d lh.lilt b fd.brviddine
tte lar. (sorlro u @
dfir ffi,E',- Cl, Sn rfiq
3. Tho prrrident d I bar* xrtE ffiFd a lrl frofir it bl.lt tatBaty
mede it appe*lhal rcmeboOy app$eO ror fF loil br,lt rcoolwd hc procecds ti
fie lo'l ,n y !a lhuc fq edsh thrurgh lulifrcatd| ot cqnnrrrdd'rroomorilg.
cfipryhg

(Wo

v.

@o

ol

tn

ol Sec0on

mfrpplna, Cfi

SCRA

ret

Rrtrc of hesmat

1.
qEnalty

Fr al, e year on lorrs and a

nd uncoo8dorsla (O*tl6pnoat &/n* dtl'D
l,llmrffi,,/rrru WU
ktc" ig *RA $r)

AIt mor3st of.18 per cent and 22

8 par c.nt a
v. fang

yar

m ilpere

ar

htcr{ of 3 Fr cant.nd a morxfily p.nCry ot2 Fr

o.nt
d holderr d cttdt cdds gc rnconrcaorrblc. 'sd lho
it{d bg*r $!t !l. ponry thdld Dc lldE d b 2 p.r ilt p.r morttr
(lIrrr*lo t * d b Prrffi.fh,nt, E SCRa Cf,t
on

?.

A monhly

delirqrrt

@flb

3. A&,L[oohaFort ldyprovtdrgHihcbstrbrilrqiadb
.qlrdtE nbdlrlffi h ffi*ltrttr
pradrE nh. h 0r3c?i.l

rnsl(et thC tro bor|orrt. nust prtgy tlF lqt f h. dd not .ert bit, dtd tl6t
tle fai!ry lo Fgply t! lom rcutd be dssrld cmlont b trc rdCmaril is
valid.. (soffirnt Cor*tfroa v. W
llo,,?f,,', lnc., C20 *dA 77q

ltiprddm in a losr agErnent SMnC $o bs{( erhodty to

.iticreso4.the Ai{dst
rdc! at }t! tolc d&rcdon ir void, (Plififfirr S."&lgi'
8rrn*uffi,W*A/lEnt

H. n dBirblolng.g.
lhc hrytr of pogcrtlca nr,tEod b a b*Jt urho pCd p.t cf Sr
prhdpel dtholgl
olth.
dthe bfik hd ti! dimo0dr
tlo modg8a *crdd b. apgrovd il he uodd nd<e lhe pCynt ril b r{iud b
]lcorrar tho pcpeil vfien he bril( dd rd spfln.o hi! acqrpdon of tp
morrgsgo.
rd
ot ur. nWet?y- adGr6 sCR^,tt,

. t

bqre

(t *ik

r$urr

Any hrm of rprodtr{lott ttlflroutlt,p frAf{,,

atfrtor b pohlttl&d
ProwtyCodq

oJ ilre

aN ls a vloffion o| tD
'tr/,Itr,g,il
hlhlleclurrt

: _ ?. IiEp, rrpg! advico d a bsd( amploy6. &e rC.. d tuo parcols

of lg|d banlfqr3d or. tuos b tlo hryef O er*fe Hm O rutgago lirm to
*E ? log1r to b. ured b pcy lhe ae0*, [re brfr b na eafldfi liUc U pav
qp Talor-if- qte Drrf gld no! tJ3c th. pro6.d. o, tho lat b iy tt !ilq.
(Wt
8,rrt anl fnlrl @rirpty v A!rrr&., At *RA tilf

I
,.

Crtdtcrdr

Whr6 theI3 b no stipulatim lhst I bank which issrod I crodit card

is obligd to eppove arry prctrse b be made witt tho ule d ho crodit flld to
act on all rCpods wihh a cpecific p.iod, tra hold.r d tra qldt cr6 cannot
sue ior damagee .lf hls m(pest for FJrch8e3 abroad w.a eppfoired der 78
minutos. (Pttt,,loa w Anrt,.aa 6ett'C tn|Jt fut,f,,t, ,,c." CZt *RA 27A)

J. Ibcdhmouroprrdon
1. A b6rr( crl tc6o lrd p,opct63 il aaqitd a pryrlErf fur a losr
wit\h tho live-pcr p.&dftr f b dt9o.. d tlr rtd F!!p-t e. AfuMd
th.mW,hE v.flr,,l!/l7l9Rltrt)
2. . .A bank ic lk$le to sr imporbr fc the lce d inpodod qipornt
dI to failure d tho kurrHlco oorfirp{ry b pay fur tlE los8 qt mut of lhe norF
paynnt of the premh.rn $,hr8 tho bsrk rer.enbd to
premiffii had beon pdd by dbiting ili or,rsrt accorlt
tuok a Tnrt tunpny, ato SCnA,o,

tp hpqL. that the

lm,sl-

v. F.r E Et

3.

A bert wtrich isqrod a ltter dating that il irfrfit.d F irclle a bark

guararily for
urpdd rccourb of a d3fie[or s.tierct b coltpliar wih the
condilions d 'ty
tho bad( b not IaU. fur ulc trpsid
f rD bftk glJ'enty
wEs act ally ilsuod. @.,lf
ca,,r,nlr' v. Goo&o

Phi/ffitr,,brc-

srt

CaaSCRAgtQ

il*r Wom,

bd( rtrq b.idr m.E|f tlunfs{y ffh.d rrypdr

lr nl.& crIld
cfredrc, nehcd Ofil and u.od tro proooc<b frr gfdr
ltcons trc rtmoll fiqll 0r ..I.r ql t'p bdt d thr pthcinr of t filt

4.

scnAtt,

XVt. PHILIPPIilEII{SURANCEDEFOgITC}IARIER
1. Tho Fhilbfirp Dopo6[ lmtranco Corpordm cm lnw.dgata a
bar* withou[ 0re nd lbr Fio..pprovC of the lihney W, (Ph,,fu&|c
M 8rt bc- cao SCRA
Oqcr{ *arrrta Cptpq*n L W

s4:
xv[.

FoRgot{crrRRGit{cYDEiFOStTACT.

t ,nhoLt sro witbn pani!.i)qptAtecitr a lbtden orrsney

c.nnd
bc mnrhed do4alo-Jho dain='tq fi.ntdt y rrplnrrreO tp
dpodt
p.oceo& of a loan th.t r( afrftfr1o a difiatrl Frpo... (@t.tt rrrail

1.

Servicrlnsurrrt Sfoiror v. Cosrt

tilf,ffi,Ail
I,

SC;RA?|/,)

d rryuducdm r/firwt Ure inltca @t *rf af Afr

authq B Notiltnsd and ls,a vloffion ol tp ln&,frcci(tr/
tuopstyCotp.

Aity bn t

N'il

.hEALETTIATEIORTGAGE

Vdldty of lortg.eo

1.

Tho fistg.g of lhe lota in a e.tdvhhn by tE rtd r.ado

Hornho.nd Lrd tX. Raodey gosd
Ettdqf,4 ClD SCRa tt1,

det slopar urlflqlt lhe dearanoe of fic

l! void- Grrro, Dev.&,p7c,* Butk v.

2.

A bank to uhom a parcel of I'rd u/a. moreogEd b .ro{ . mortFgoe

in good fa0lh f thof! was an ad\rs6o daim anncieted on lhc o.rdfrcab of liUo
itr cancoladon wpatrnty vdd bcarllc ot lho abldtc. d a cqrt orfir ad m
the b3b cf lhc dcArae of th prior rnortgop. ffot!,& w R!,{,lto, C.B flo.

fid

,etn,Wlftir).
3.

th.

alonaton h llrrd
(l'oo ua Be|ltuf

B.
1.

tr

mo.tsage d a ggo.l of
h {.t or aa
of C'dtoq bccar i mctty !uqFc!.d lb

tuilc

CWU

t-u; 42

r b.* b nd rt
g,op..f b dGn.

*nA 4?t

lUghtto Fol.cb.e

Tho ,noa0{y intarest m the lom,rfioa paymont m! aord by a

rsal estato mortg60o of 5 prconl, co@orJndod rnontHy, i! umqtrcionsue and
void, and fte lbedoaro d the mortgage b vou becauso thc gnorrrt
ie
incoqd (ctrf,o w hn, CG SCRA 231)

dr

c.

Nooc.

ol8d.

1.
the turcbouro .ab is wid lf rE ndioo d it urt pd$.hed h a
ntilpeor otgilFrd drq'ddion cvdr It thc rlgigggm had drC lsrrddge ot
n- rPa&prto rffitd
$ar,
v. &r!,'.,

eSU

2. lrt E! tF hrcdoam rd. E h*l h ffr*ryorf Cly, tro

w ntl*cO he ncuopeer ufiltlr w Flnbd h llrlfir Ct, td
AEaon effytrdwchqletcdh RLd ndCavllt, trpfidrrddndlrvc ltl
olt in ilandreryor! Clty, gtd th. nru !9S., wr. n f id drlnd b rrrtdy,
&le nolico b wjlr, bcoaue lhe neurpepor b nd onc of gerftl dqJdon.
(llr,fPpp r turk ttd Tttfr Conpgtv, kn v. hlr/lol, N SCna tfe,
3. Wlso lhc fredosure sab war hold h C.loocan Cfty hf ule
nrxlpepcr in ufildr th. ndoo of fi wE. prJblbhod rr h iltilh, tto n$cs vae
ncdca

4. I fhc fulrdcrc
rnrt b. .?rff$.d. W

aalo lr

W*

Sootu

pq$qr4

r&

ard fid
Aa Sc,lr !$,

d tE bodcro .sb

Wv

v.

frio

',lfrrfrar,
5. RJb[cdon c, thc ndoa ol t.E Edorra .dc h t filcist srgl if
no notic. ol I sa. pil.d. lGrt. 9.nihg Qrf,plrfiql, v, Int/&,' & SCRA'
ll2; a,/a* d lln Phffihn &hndr v. P.Nr, 6 SCna 6r; mrty
Srvrqe Brnf

v.

grrrprf,

* t*

?3

Any lorm of @ucfion vttrouttp vtfon Cirrralta of ilD

author ls ptohlbtted aN ls a vbladon o, iln futtdr,tilF,/
ProperU Code.

6.

Pr'd|al notlc.

thc lbrcOoore lelo m,/d bc glven to

PhilWrs v. Exdn br&rfirc.,

!ryg5rrgpc

scf,Ar'8)

eilpnrffi

Arc.,

y. rrugryotfui.

Ag SCPf 5pq W

lrt* d tn& *n

tho

tffiy

Ub

7. lf tho morEagor filed an adidl for snllmd ql Urc cxfaiudeid

tordosLre 3do br lad( of publlcatm, lho h.r(hn of proof b rlpon UF
mortgEg, bocauso tho Fod d pr$llcatim ir in itr poc$llion Wn
Bnt and Trud @mptny v. Nfu.t d., 4O SCRII Z7t)
D.
t.

ArcdonsC..'
Tho

t*

dring the eodrajudiri{

(W

fu.dlro b vdd ru$ if OEe ..

mhtrs.y*r!tr Bi*, 3ta *RA 11,/

2. Ih. rErtrcc c'l.&or c'l tl.r lhe d.&r h cx fr rm*gdat
forldcro !* rxdts h a ddkiency. (m Wy S.rrf3! trefi, l'a v.
wes mly one

bldd...

v.

Avqttdo, G.R. |Jo. ,781C, D@ilrbot7,z$tr)

E
1.

R.d.mpdon

A dipdation b wsivg ths ridt d rdmdion b voltl,

aoinst F.6lb pollcu. fAdr, Cdtny Fkttrct.rrd t
Gtaaadoa, Azt *RA 517t

bqrso

e*O @t

it is

2.

The radenrption priod should b comtsd tom lhe dato d lho

regisbatirn cf ths 381 and not ftom tho dato d lhe ralc. (W
u
@wmqlrr l W. ltlrl,tnnco Syfrn, Arl *RA tg

3. An oftor b rEdefii ha prWerty norEaOe<l mqo than Dlrnbn

der lhe b** loqJrcd lh. fprty moracd a tr Erddro .de b
outdlirF. lrfrt%rtrl A.af d&aE OTTSCRAC',
years

4. tlE frlhe d rl don br tc&mdio b rd rficllf d6o lho

a so.r .s lt b dtl'Iran d. Fr*t C l*D:5 J.
8fl/rrr, 67A SCRa rU2,
fu&,n'frrg v. f{,ffi'. lW
5. Th6 filhe of an arlion ior rEdrtpdon b nd sffoiord f fi6 anout
offerd as parne.rt is less llran Up redelption pdcc. (AN 8r,ldrtg
y. Srt do.t n.rly
@t?pit lloa v. llr/e,o, tE8 SCRA 6$ lffip

rcoerptm Fio. b p.ld

@eonbo,$0$CR A)

6. lf fio Id property rcts 8[ the xlr8]dhLl hlrdoel, lde w

rnortgrupd b I bsrk fp ltcbmpdm pri *nIE Hu& th. p.ytlEr*lbrds
lrs *orqt by fr lrd 6ue mor$.d rtldl lr -dy q!
b AR(Ornhnr erif' d tho fr&,i,i' u M*l
W
t{o.ttulil,O#oem,*rO

6l8te mortgoto soercd tho paynril cf t*o lqlr ut#l

rvere already drr urhen tl benk fl6tl an *plloatio E oDdt{rffil Edcrc
of the morqireo hX il lndriad or{y h first lom h the aPilGatioq ttc P8y'ttent
for the second bflr $orrld nol be ircIrded h the ]edoqfhn Fio, bet a tlo
bank is demd to hat e *aived tho mortgaoe wth tDtpo| b lhe !cfid l@L
(T*ttto v Ruril 8rlot( d Plmp&rtr, czlfCRA 2C2)

7.

tr a.rod

auuror

ls

,,ohlbt/6d

Coda,

, 8. *

fice,

o+ifa

bocaulo thrc

ffiffi'

aN

rhs

ir m

ts

ytoleflon

vwtttotta gl

d te tilNddAA

to( 3houH mt

b ind,/dod h thc rodirXroon

tarf { r,. rporry
ffigod rlnu iler the
6";;-?;lt#-:l*

v' BP'

dv

Evrn f d bte morlcgd $r! loU d r lingb artc

rrdlbra cirgto
pdca, tre rnctengr my nttean mly
lqnc o fr"r,
thc prindpb
lndlvisiUtw coale! to b6 appticable. (yop vz
Dy, cCf iCnl lcrf

t."

10.

llllng of en aSbn for anndmr of the foredoara rab

does

not sr,spsrd.The
the nrnho d
Co4olntbo

krdr,

p",toC.'---fCtnr BrrW
--"''-"''"'''

-rcdo.nptim
699-SCRA-th
oZj-

11. An diar !o Edo.rn the brd6d proporty lr nof afioicrt

pgglpggn Fb. b nor bnditd. @bp h*iE in&n
v. b*,
scm,7a
- 12.

the

oi

Ihc ftil payn*f d the rsrcrnpdqr prl rld IF.dlrad ilErel is

urbltaltlid cofllplrtaa il thc pryrrnt w mede m tlne, avqr It tl. rd
pfoporty to( w!! not hdudad h lt uJt was irm.diELly paa rtrcn
trc moteoor
!!3_gp?lisd d th. dolidncy. (Crybn v. bt b iirrfrw CnO;nellli_aOi

scRAr,l)

E P6!..!bn
1. Th h0r at the b(dosrfs 6al6 of th6 real p,oprty mortoagDd is
entrU{ to the g6flill;1 iranano of s urit ot poc*sslon '(lIo,&lv. n.E rri,
59t SCRA 2rC); Wt v. &rryttnrrrlrl S.wrce tn ur.na 9,a/r,r\ Cfi
SCRA 82; Ca. L.l Chu y. l,rytl, Crz gCRA n7; Chhr. WV
a@r
% AD.r, 0t9 SGRA 14; Sy v. Qottge/, Ct9 SCXa dt; C,/hlfi v. rryf,,rcb,
C.R. rlo. lutat t&tr,ffir il, p, 1)
2, Thi hrylrd lh. b.rdqrc rab d tho rC propqfy mqlg.gpd b
ntltbd io lho LrIfE d. ut ot pcerdon cvir f thc mfrIr Sd rr
dion tu rnJfnil dtF rd .laie mor$oo. lslerrbrrlr v. W
at*ta8rr*,,SrtSCnllalQ

3.

Thr h,ry.r d tho lbredoal.ra tde d tho ,at proporty mgrtgaes b

on$tlad lo tho ba,Ero. ol e writ A poasooJon ctrst if Otc lmltror fLd an
adim,or amdmcrd d thc,oodocrre .*. lGtt ,,a, Crlrr v.ltq al2 SCllA
'
227t Pbrr,.rs lr*r/gprrrrlrl 8ntrk v. tlg, Cfr *RA 84

4.

6r he ls$Enco of ltr wrlt of pocrqdm fihd by

lho buyr d th. lbGdoarE td6 $orld be grarsd lttrnmrily, [ $odd not be
coruolird.d xrlh m don !U arnined d th. fotldoart rda Gtfffio
tlE- g SCrL Tlt'
tlfut Mt @tco tW nO Wal
!6t,
crc
v.
lM
8rn&
SCnA
oltrr
E#w
Slnce 0re pc[fion

5. Ih. wtlt of po...!aioo bttd Btasf b tho odt*dcul

brsdoare of t rcd tdlb tttodgego can be or{ored agffi fia loco d $o
morEaoor.
tt#tt Srt*il k,,,4fr(,fuV ia v. nt,ogffi M rr.,
-Cq$tnj,
frua

a5

SCRA

nst Pdl,i/elc,tcrrq, Aato*&n ot st

t7

ffiffi
ota'n
d tha tnblbcfril

Any form d tworrucdon $aroutthe

autlrot ls Notttblt0d and ls a vloladqt
,,f,/,hew

*RA1t)

Chrfutr Ad,c,rry y. Uet/ryfr/lm ff,,t* ax, Tn d

fuWry,

Crl

issued puraEnt to thc orfrlxldal

lh"rtdyd .o{ posles.ion
rnofEloc c t bo fibrd tdnd lho buFr d tha
-trb
qrqlg!.4 bacaugc hb tdo ir d.rir6d tom frc nrorqdpr. tBF'
ryp?$qt
FmA Ww tutl+ tu, v. Aoldott turvDlrldSrftr Omrriab SCne
N)
_
-_-6.ofa
rq'eloEl"rc

__

I..is$e
.. Th" wit q pocsosdon carnot b nfotEd agairEil a Uid prty u,ho
o$nf o, tne pDperty moragBd
partoqi

claims it

Oecarse A the
3aie to if
and.lhat 0r li0o of tho rprtgagor is rptr.ixrs. (W*rt
&nk o, AE
Phlllpphw v. Prtu ,/f/{t/,o[,epd Arrert@t,'CfZ SCiU Og

w'it d pos8easbn camot bo rftrcad aegand. t rtd

. .8, Ilte
b b. lhe olrrr of th. pop.rty moQag.d ir.oara of 6Frroo
Fbr
of
ffi.
1Wt a oto-tfupr bffi *}I/+
?qai{ryi-.dqt.rr
cotscR/l t

wtu deimd-

'l

t,

be orfrrc.d {drC
t*d pcty
. A wdt d pocseogim
daimhg righ0s cf omo.**r a6rrs6 to the morrgagd or trJ grqrd fid a asa
of donatkn h fa'vor of lhc mortgsgor wac lblrifie4 erntanyc y. Grr.rdr,

snd

10.

Tlre provi:sion h Secrion 6, Rule 39 of the Rulf of Cort lhat a litlal

can
be enforced by mere molion only for five yrer fom ordry of
iudgrlrent
do
apply to 0p issuance d a writ a posse*im in edn*rtidal
rydSTent
toredo$n,of a wril of poaqreim. gopto v. eatlrp Flllfrto l0rMlngr-

tg

t@Wo8rrrrt,0ttSCRAt0,

F.

Arhulm.ot ot Fo.ocloourc

ln accordanc.

S.lc

wih Section 8 cil Acf No. 3135.

if the

rrcear

tdlcd lo fle

b'snl lhe tbc&ere sab u,il$ g) deys Ct* thc buycr wr Ciue.t
poeslioc tr mortngor cm no hnOs q,Eolidt tra t lfcy o, lra ft.tctcrp
e ptilion

tu" v. fuW fr3lrt, Ot gCn rz,

G' Erc6Proc...bdFoftdcrn8alr
1. The o@osr ol he Ud prioe orrer the arouril il tlr mollgagee h
ceso of foredoour !.L *!odd bo furFd orsr lo lhe morlgaeor. Wl
v.
reb. PCA.ftn

a,,nk

ddto

ry

Phffin r*nd., ,9E SCR^ aAt,

2.

WtEre the nrderago. ftld an ac on to smut tho furodoerra sale

and tho proooe& d tro talo e)@sdd ttp alrut dp thc rnoroagee, the
mstg{eo thodd lno&dc h
don er an.ndh,r callc d don {br tro
tooovrry of tp
rrd :rru,,t
v.

tl.
mr* W
Goarfrr&ohriln Worr,

XIL

d0QSP

rtl, W,

l*b

OORPORATEREIuEIL]fANOiI

Vcnr

1. Ihe vflre h a petition br oorporab r$abilita&n b Ulo hflibry

rr,i|q slo prindpd d[c. of a corpordion is localod. (,6m",ia Oet@,,0/rt
arn* v. Fffi Atdro Derr&rntrril Btrk,

Tt

*,

NU

torrn ol @ucdot wrfirouttfie urtfrqr con'o,,tr ol tln

aufiror
lm/hlilted eN ls a vloffion ol
frtaailectl/',l

tp

Code.

B C.p.dtyto$r
1. A @rporatim m&rg*tg

'

agahoi a lels.e h
to sue. (IrD.b %

Frdty

^rB

C.
1.

rshabllitalbn can file

qiod,rFnt caso

ltr $csrce of sr order gavlne ths rocav, 'ttre inefi3ive

W1

A52 SCRA

tq

dgtil

StryOrd.r
A atay ordr ln a p.oc6drE fur corporate rdl&frtaoon irchjds

labor cese!-for nbgEl dismls38l. OI,r,,gr,o v.

trrc.,@StRAlrC)

UnMd. S.ta WtIldlpuo Ctub,

2. The exeqJtbn d a dedsion in a laior caso .hodd bo stgyod if

lhoE is a podng peo0on br coQcdo fhabilitatim. (h Wo v LM,
&tffirg rLffi, erc" 02e SCRA fri |folht. v. tum P*4 ,rc,, 6C
scRA t6t,
3.

Shc.

induOc all dCttE ot

(M.r.

h . proc..CE tur bdpo.i. rthdlte0on

rt$t errn t I ooysr e darn aidng fiom e ttrot

.tay o.d..

tu,,, Ar Sctia Sta,

4. A d,ay oidr h a p,oc6dng br corporate rhabmatd! applie3
even to daims t|lrhh do.e dar ib ks.mce. (li&lr/yan ,,ut,,r' fury'lnn
htc. w lllcfult,,. lffig @,'tr,/ny, bc- W SC,lu 45,
rletiionrftts

5.

v.

Rosl Foporty mortgagod to a crsditor may bc etclded ftom lho

Cey oder u,tlor tra motagpr dd nd pay lhc .!d p.operty
coverags of
ta)s and tho city [fur6 fho p.oF.ty wa! l@Ebd vea! geing b a.I n d p(slic
aucilrn, so lt|.t lh crc<fbr co.(f fuadoee the morlgage.
Wb R.',r,y
pg,tr,q/,,',,,, co/rponllotr w Paalo Aztt ,-.t d, tnc., CU SCnA C03,

fl.

(ffi

iN

6.

I?!o day oder iarrsd h a procdirg for oorpore r*abllitefrort

Emairn rubolrthg ctrst drim t r pe.dorE, d an appcal. Pfl&fl,. Alrfit Q,
6fC *RA 01)
7r". 6a6 sS

ffit

".

7. A.0.y ofibt doc td itcb(b artr lU e firrclt obfr@n d

flaml Di,rh..d coieq*tr v. Srcc{f Am*
@tprtua,@*RA4q
8. A Cay or&r 9oo8 mt covr lho crlmlnal prqs.l[on of lhe
oorporde ofisa rbr vtoLooo of tho Sodal S(rnlty Lafl. (furh v. R.g&,/r.t

thc qpordct

Ttut&ttrt41 SCBAlto

B.
1.

APpolftn nt of R.6lv.r

Orc. a pcdton hr corpcde rdl&lliHhn ic n.4 th. epointment

a rtc.hrlr b@ltt- atulndc. iP'/ff,t'D,L&,r,,,t 8.nl % @,td oJ

/ldt,lscnAt't)
C. s!oc*hoLr..
l. tt ihe frnrts stoddd&]r cordrtubd to ]h86llih a co.Doraton
wors l,3ed to Fftttalc p*colr or lrd ad the pacelr of land til lo\rltd upon
and rold

d gl

o)Gqjtlon !d6- lhe doddtoltbrs merlY had

l0l

tiett to

Any lorn of tqrcdrcton wltroulo,e wruOn conantt otAp

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