You are on page 1of 5

I.

CREDIT TRANSACTIONS

CREDIT TRANSACTIONS
Atty. Crisostomo A. Uribe

A. Credit, defined
B. Credit Transactions, defined
C. Distinguished from Bailments, Secured Transactions
D. Scope of Credit Transactions
II.

LOAN
Arts. 1933-1961, 765, 1175, 1980, 1413 NCC
Act. No. 2655, Usury Law
CB Circular 416 and 905
Art. 1249-1250 NCC, RA 529, RA 8183
A. Definition
B. Kinds of Loan
1. Commodatum
2. Mutuum or Simple Loan
C. Nature/Characteristics
1. Catholic Vicar Apostolic v. CA, 165 SCRA 515 (1988)
2. Republic v. Bagtas, 6 SCRA 262 (1962)
3. Saura Import and Export v. DBP (1972)
4. Herrera v. Petrophil Corp., 146 SCRA 385
5. Integrated Realty Corp. v. PNB, 174 SCRA 295 (1989)
D. Subject Matter
6. Republic v. CA, 146 SCRA 15 (1986)
7. Quintos v. Beck, 69 Phil 108 (1939)
8. Republic v. Grijaldo, 15 SCRA 638 (L-20240, Dec. 31, 1965)
E. Rights and Obligations of Bailor and Bailee (Lender and Borrower)
9. De los Santos v. Jarra, 15 Phil 147 (1910)
10.Mina v. Pascual, 25 Phil 540 (1913)
11.Briones v. Cammayo, 41 SCRA 404 (1971)
12.Lopez v. Del Rosario, 44 Phil 98 (1922)
13.Zobel v. City of Manila, 47 Phil 169 (1925)
14.Reformina v. Tomol, 139 SCRA 260 (1985)
15.Liam Law v. Olympic Sawmill Co., 129 Scra 439 (1984)
16.Banco Filipino v. Navarro, 152 SCRA 346 (1987)
17.PNB v. IAC and Maglasang, 183 SCRA 133 (1990)
18.PNB v. CA and Padilla, 196b SCRA 536 (1991)
19.PNB v. CA and Fernandez, 238 SCRA 80 (1994)
20.Florendo v. CA, 265 SCRA 678 (1996)
F.

III.

Modes of Extinguishment

DEPOSIT

Arts. 1962-2009 NCC


Act No. 2137, Warehouse Receipts Law
Act No. 3893, Bonded Warehouse Act
PD No. 115, Trust Receipts Law
A. Definition
21.BPI v. IAC, 164 SCRA 630 (1988)
B. Kinds of Deposit
C. Nature/Characteristics
22.BPI v. CA, 164 SCRA 630 (1988)
23.Serrano v. CB, 96 SXRA 93 (1980)
24.Lua Kian v. Manila Railroad, 19 SCRA 5 (1976)
D. Subject Matter
E. Rights and Obligations of Depositor and Depositary
25.Javellana v. Lim, 11 Phil 141 (1908)
26.Baron v. David, 51 Phil 2 (1927)
27.Vintola v. IBAA, 150 Scra 578, Gr No. 73271, May 29, 1987
28.Sia v. People, 121 SCRA 661 (1983)
29.Gonzales v. Go Tiong and Luzon Surety, 104 Phil 492 (1958)
30.Consolidated Terminals v. Artex Development Co., 63 SCRA 46 (1975)
F.

Modes of Extinguishment

G.
IV.

GUARANTY and SURETYSHIP


Arts. 2047-2084
A. Definition
31.Imperial Insurance, Inc. v. De Los Angeles, 11 SCRA 24 (1982)
32.Machetti v. Hospicio de San Jose, 43 Phil 297 (1922)
33.Castellvi v. Sellner, 41 Phil 142 (1920)
B. Nature/Characteristics/Extent
34.Severino v. Severino, 56 Phil 1487 (1931)
35.Wise and Co., v. Tanglao, 63 Phil 372 (1936)
36.Manila Surety and Fidelity v. Almeda, 34 SCRA 136
37.RCBC v. Arro, 115 SCRA 777 (1982)
38.Republic v. Pal-Fox Lumber Co., 432 SCRA 365 (1972)
C. Effects of Guaranty
1. Between the Guarantor and the Creditor
2. Between the Guarantor and the Debtor
3. Between Co-Guarantors
2 of 5

39.Southern Motors, Inc. v. Barbosa, 99 Phil 263 (1956)


40.Central Surety and Insurance v. Ubay, 135 SCRA 58 (1985)
41.Manila Surety and Fidelity v. Almeda, 34 SCRA 136 (1970)
42.Associated Insurance and Surety Co., Inc. v. Bacolod, 105 Phil 246 (1959)
D. Modes of Extinguishment
V.

PROVISIONS COMMON TO PLEDGE and MORTGAGE


Arts. 2085-2092
43.Rural Bank of Caloocan, Inc. v. CA, 104 SCRA 151 (1981)
44.Vda. De Baitista v. Marcos, 3 SCRA 434 (1961)
45.Dyarit v. CA, 36 SCRA 549 (1970)

VI.

PLEDGE
Arts. 2093-2123 NCC
A. In General
1. Definition and Purpose
2. Kinds of Pledge
3. Characteristics of Pledge
4. Extent of the Pledge
B. Essential Requisites
Formal Requisites
46.Yuliongsiu v. PNB, 22 SCRA 585 (1968)
47.Manila Surety and Fidelity v. Velayo, 21 SCRA 515 (1967)
C. Rights and Obligations of the Pledgor [Debtor or Third Person]
Pactum Commisorium
D. Rights and Obligations of the Pledgee [Creditor]
Indivisibility of Pledge
E. Modes of Extinguishment

VII.

CHATTEL MORTGAGE
Arts. 2140-2141, 1484-1485 NCC
Act No. 1508, Chattel Mortgage Law (1906)
Art. 319 RPC
A. In General
3 of 5

1. Definition and Purpose


2. Characteristics of Chattel Mortgage
3. Extent of Mortgage
B. Essential Requisites
Formal Requisites; Affidavit of Good Faith
48.Piansay v. David, 12 SCRA 227 (1964)
49.Makati Leasing and Finance Corp. v. Wearever Textile, 122 SCRA 296 (1983)
C. Rights and Obligations of the Mortgagor [Debtor or Third Person]
Pactum Commissorium
D. Rights and Obligations of the Mortgagee [Creditor]
Indivisibility of Mortgage
50.Northern Motors, Inc. v. Coquia, 68 SCRA 374 (1975)
E. Modes of Extinguishment
VIII.

REAL ESTATE MORTGAGE (REM)


Arts. 2124-2131 NCC
Rule 68, Rules of Court (Foreclosure of REM)
Act No. 3135, as amended by Act No. 4118 [Extra-judicial Foreclosure of Mortgage]
PD 694, The PNB Act
RA 85, as amended, The DBP Act
PD 1529, Sec 63
A. In General
1. Definition and Purpose
2. Kinds of REM
51.Lanuza v. de Leon, 20 SCRA 369 (1967)
52.Bundalian v. CA, 129 SCRA 645 (1984)
3. Characteristics of REM
4. Effects of Mortgage
B. Essential Requisites
Formal Requisites
C. Rights and Obligations of the Mortgagor [Debtor or Third Person]
Pactum Commissorium
Redemption
53.Rosales v. Ybao, 120 SCRA 869 (1983)
54.Tioseco v. CA, 143 SCRA 705 (1986)
55.Dulay v. Cariaga, 123 SCRA 794 (1983)
4 of 5

56.PNB v. CA, 140 SCRA 360 (1985)


D. Rights and Obligations of the Mortgagee [Creditor/Junior Mortgagee]
Indivisibility of Mortgage
Foreclosure
57.DBP v. Mirang. 66 SCRA 141 (1975)
58.Co v. PNB, 114 SCRA 842 (1982)
59.Alpha Insurance and Surety v. Reyes, 106 SCRA 274 (1981)
E. Rights and Obligations of the Purchaser
60.Marcelo Steel Corp. v. CA, 54 SCRA 89 (1973)
61.PNB v. Adil, 118 SCRA 110 (1982)
62.Ocampo v. Domalanta, 20 SCRA 1136 (1967)
F.
IX.

Modes of Extinguishment

ANTICHRESIS
Arts. 2132-2139
A. Nature and Characteristics
B. Rights and Obligations of the Debtor and Creditor
63.Samonte v CA, 141 SCRA 189 (1986)
64.Ramirez v. CA, 144 SCRA 292 (1986)

X.

CONCURRENCE and PREFERENCE OF CREDIT


Arts. 2236-2251 NCC
Act No. 1956, as amended, Insolvency Law
A. General Provisions
B. Classification of Credits
C. Order of Preference of Credits
65.Roman v. Asia Banking Corp., 46 Phil 705 (1922)
66.Central Bank v. Morfe, 63 SCRA 114 (1975)

5 of 5