Professional Documents
Culture Documents
A. Letters of Credit
1. Definition/Concept
2. Governing laws
a. Doctrine of independence
a. To whom delivered
b. Kinds
2. Duties of a Warehouseman
3. Warehouseman’s Lien
a. Loan/security feature
a. Validity of the security interest as against the creditors of the entrustee/innocent purchasers
for value
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4. Remedies available
a. Requisites of Negotiability
a. Insertion of date
b. Completion of blanks
3. Rules of interpretation
4. Signature
b. Signature of agent
d. Forgery
5. Consideration
6. Accomodation party
7. Negotiation
b. Modes of negotiation
9. Liabilities of Parties
a. Maker
b. Drawer
c. Acceptor
d. Indorser
e. Warranties
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d. Dishonor by non-payment
a. Parties to be notified
c. Effect of notice
d. Form of notice
e. Waiver
d. Renunciation by holder
a. Concept
14. Acceptance
a. Definition
b. Manner
a. Time/place/manner of presentment
c. Dishonor by non-acceptance
17. Checks
a. Definition
b. Kinds
(1) time
E. Insurance Code
1. Concept of Insurance
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4. Classes
a. Marine
b. Fire
c. Casualty
d. Suretyship
e. Life
5. Insurable Interest
a. In Life/Health
b. In Property
b. Premium Payment
e. Refund of Premiums
a. Concealment
b. Misrepresentation/Omissions
c. Breach of Warranties
(3) Subrogation
F. Transportation Law
1. Common Carriers
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a. Exempting Causes
b. Contributory negligence
c. Duration of liability
3. Safety of Passengers
a. Void stipulations
b. Duration of liability
(1) Employees
4. Bill of Lading
a. Three-fold character
b. Delivery of goods
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5. Maritime Commerce
a. Charter Parties
(2) Collisions
(1) Application
(1) Requisites
(a) Citizenship
(a) Meaning
(b) Exceptions
c. Fixing of rate
d. Unlawful arrangements
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a. Applicability
b. Limitation of liability
c. Willful Misconduct
G. Corporation Law
a. Corporation, defined
b. Classification of corporations
c. Nationality of corporations
e. Capital structure
(1) Promoter
(a) Contents
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(c) Amendments
g. Corporate powers
(b) Power to increase or decrease capital stock or incur, create, increase bonded
indebtedness
(a) Proxy
i. By a majority vote
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(6) Meetings
ii. Notice
(c) Quorum
(3) Elections
(b) Quorum
(4) Removal
(6) Compensation
(7) Disloyalty
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(15) Contracts
(a) Creation
(17) Meetings
ii. Notice
(c) Quorum
j. Capital affairs
(c) Negotiability
(d) Issuance
i. Full payment
i. Contents
(a) Definition
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(a) Voluntary
(b) Involuntary
l. Other corporations
(g) Deadlocks
(a) Definition
(b) Purposes
i. Nationality
i. Consent
(5) Procedure
(6) Effectivity
(7) Limitations
(8) Effects
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a. Regulatory
b. Adjudicative
a. Exempt securities
b. Exempt transactions
b. Short sales
c. Fraudulent transactions
d. Insider trading
6. Protection of investors
c. Disclosure rule
7. Civil liability
I. Banking Laws
a. State policies
(1) Conservatorship
(2) Closure
(3) Receivership
(4) Liquidation
a. Purpose
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b. Prohibited acts
c. Deposits covered
d. Exceptions
f. Stipulation on interests
(3) Restrictions on bank exposure to DOSRI (directors, officers, stockholders and their
related interests)
a. Basic policy
c. Liability to depositors
(e) Payments of insured deposits as preferred credit under Art. 2244, Civil Code
2. Patents
a. Patentable inventions
b. Non-patentable inventions
c. Ownership of a patent
h. Patent infringement
i. Licensing
(1) Voluntary
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(2) Compulsory
3. Trademarks
d. Non-registrable marks
g. Well-known marks
(2) Damages
k. Unfair competition
m. Collective marks
n. Criminal penalties for infringement, unfair competition, false designation of origin, and false
description or misrepresentation
4. Copyrights
b. Copyrightable works
c. Non-copyrightable works
f. Limitations on copyright
(a) Remedies
K. Special Laws
1. The Chattel Mortgage Law (Act 1508 in rel. to Arts. 1484, 1485, 2140 and 2141 of the Civil Code)
a. Essential requisites
b. Formal requisites
d. After-acquired property
e. After-incurred obligation
g. Foreclosure procedure
h. Redemption
(2) Exception
a. Coverage
e. Procedure
(c) Personal notice to the mortgagor when and when not needed
h. Redemption
i. Writ of possession
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j. Annulment of sale
a. Purpose
b. Covered institutions
d. Covered transactions
e. Suspicious transactions
i. Functions
b. Definition of terms
IMPORTANT NOTE: This bar coverage description is not intended and should not be used by law schools as a
syllabus or course outline in the covered subjects.
It has been drawn up for the limited purpose of ensuring that candidates reviewing for the bar examinations are
guided on what basic and minimum amounts of laws, doctrines, and principles they need to know and be able to use
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correctly before they can be licensed to practice law. More is required for excellent and distinguished work as
members of the Bar.
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