PHILACOR CREDIT CORPORATION VS CIR

G.R. No. 169899 : February 06, 2013

Philacor was liable for the issuance of promissory notes by buyers of appliances in favor of the appliance
dealers and the subsequent assignment in its favor of promissory notes by the dealers. Philacor
opposed, saying that the law did not include assignees of promissory notes as persons liable for DST.
Court held that Philacor was not liable for the issuance of the notes, since our law expressly limited to
specific persons the liability for DST.

PCI Leasing and Finance Inc. vs. UCPB General Insurance Co.
G.R. No. 162267 July 4, 2008

A lease case is an encumbrance in contemplation of the law, which needs to be registered in order for it
to bind third parties. Under this policy, the evil sought to be avoided is the exacerbation of suffering of
victims of tragic vehicular accidents in not being able to identify a guilty party.

NYCO SALES CORPORATION vs. BA FINANCE CORPORATION

G.R. No. 71694 August 16, 1991

Nyco executed a deed of assignment in favor of BA Finance with Sanshell Corporation as the debtor-
obligor. BA Finance is actually enforcing said deed and the check covered thereby is merely an incidental
or collateral matter. This particular check merely evidenced the credit which was actually assigned to BA
Finance. Thus, the designation is immaterial as it could be any other check. It is only what is represented
by the said checks that Nyco is being asked to pay. The dishonor of an assigned check simply stresses its
liability and the failure to give a notice of dishonor will not discharge it from such liability. This is
because the cause of action stems from the breach of the warranties embodied in the Deed of
Assignment, and not from the dishonoring of the check alone.