UNIVERSITY OF THE EAST

College of Law
CREDIT TRANSACTIONS
Course Outline

Atty. Marvin P. Cańero, CPA

I. Credit Transactions
a. Definitions of Credit and Credit Transactions
b. Distinguished from Bailments, Secured Transactions
c. Scope of Credit Transactions

II. Loan
a. Articles 1933 to 1961, Civil Code
b. Usury Law - Act No. 2655, as amended
c. Cases for Loan
1. Saura Import & Export Co., Inc. v. DBP, 44 SCRA 445
2. Bonnevie vs. CA, GR No. L-49101, 24 October 1983
3. Garcia v. Thio, 518 SCRA 433
4. BPI Investment vs. CA, 377 SCRA 117
5. Naguiat vs. CA, GR No. 118375, 3 October 2003

d. Cases for Commodatum

1. Producers Bank v. CA, 397 SCRA 651
2. Republic v. Bagtas, 6 SCRA 262
3. Quintos v. Beck, 69 Phil 108
4. Pajuyo v. CA, 430 SCRA 492

e. Cases for Mutuum

1. People v. Puig, 563 SCRA 564
2. BPI Family Bank vs. Franco, GR No. 123498, 23 November 2007
3. Cebu International Finance Corporation vs. CA, GR No. 123031,
12 Oct. 1999
4. MBTC vs. ROSALES AND YO YUK TO, GR NO. 183204, 13 JAN
2014
5. Siga-an vs. Villanueva, 576 SCRA 696
6. Frias vs. San Diego-Sison, 520 SCRA 244
7. Tan vs. CA, 367 SCRA 571
8. Ligutan v. CA, 376 SCRA 560
9. GSIS v. CA, 145 SCRA 311
10. Advocates for Truth in Lending Inc. and Olaguer vs. Banko Sentral
Monetary Board, GR No. 192986, 15 January 2013
11. RCBC vs. CA, 289 SCRA 292
12. First Fil-Sin Lending Corporation vs. Padillio, 448 SCRA 71
13. Integrated Realty Corporation vs. PNB, 174 SCRA 295
14. Bataan Seedling Association vs. Republic, 383 SCRA 590
15. Banco Filipino vs. CA, 332 SCRA 241
16. Consolidated Bank & Trust Co. vs. CA, 356 SCRA 671
17. Mendoza vs. CA, 359 SCRA 438
18. First Metro Investment Corporation vs. Este Del Sol Mountain
Reserve, Inc. , GR No. 141811, 15 Nov 2001
19. Carpo vs. Chua, 471 SCRA 471

1
 20. Eastern Shipping Lines v. CA, 234 SCRA 78; Nacar vs. Gallery
Frames and/or Bordey, GR No. 189871, 13 Aug 2013
21. Estores vs. Spouses Supangan, GR No. 175139, 18 April 2012

III. Deposit
a. Articles 1962 – 2009, Civil Code
b. Warehouse Receipts Law - Act No. 2137, as amended
c. Cases:
1. Bank of the Philippine Islands v. IAC, 164 SCRA 630
2. Bishop of Jaro v. De la Peña, 26 Phil 144
3. CA Agro-Industrial Development Corp. v. CA, 219 SCRA 426
4. Triple –V Food vs. Filipino Merchants, G.R. No. 160544, Feb. 21,
2005
5. YHT Realty Corporation v. Court of Appeals, 451 SCRA 638
6. PNB vs. Noah’s Ark Sugar Refinery, GR No. 07243, 1 Sept 1993
7. PNB vs. Se, 256 SCRA 380

IV. Guaranty and Suretyship - Articles 2047 – 2084

a. Tupaz IV and Tupaz vs. CA, 475 SCRA 398

b. E. Zobel, Inc. v. CA, 290 SCRA 1
c. IFC v. Imperial Textile Mills, Inc., 475 SCRA 149
d. Escano and Silos vs. Ortigas, Jr. 526 SCRA 26
e. Security Bank and Trust Company vs. Cuenca, 341 SCRA 781
f. Palmares vs. CA, 288 SCRA 422
g. Phil. Blooming Mills, Inc. v. CA, 413 SCRA 445

V. Transactions to Secure Obligation with Movable Collaterals

a. Republic Act No. 11057 or the Personal Property Security Act, 17 August 2018

VI. Real Estate Mortgage - Articles 2124 – 2131; Republic Act No. 11057 or the Personal
Property Security Act, 17 August 2018

a. Prudential Bank vs. Alviar and Alviar, 464 SCRA 353

b. Star Two ( SPV-AMC), INc. vs. Paper City Corporation, GR No. 169211, 6
March 2013
c. Garcia vs. Villar, GR No. 158891, 27 June 2012
d. Korean Exchange Bank vs. Filkor Business Integrated, Inc. 380 SCRA 381
e. Spouses Rabat vs. PNB, GR No. 158755, 18 June 2012
f. Spouses Yap vs. Spouses Dy, 27 July 2011
g. Heirs of Late Spouses Malasag and Manila Banking Corporation, GR No.
171206, 23 September 2013
h. Suico v. PNB, 531 SCRA 514
i. Chu, et al vs. Laqui, GR No. 169190, 11 Feb 2010
j. Suico v. PNB, 531 SCRA 514
k. Huerta Alba Resort, Inc. v. CA, 339 SCRA 534
l. Grand Farms, Inc. vs. CA, 193 SCRA 748
m. Goldenway Merchandizing Corporation vs. Equitable PCIBank, GR No.
195540, 13 March 2013

VII. Antichresis - Articles 2132 – 2139

1. Diego vs. Fernando,109 Phil 143

2. Pando vs. Gimenez, 54 Phil 459

2
 3. Samontev.CA,141SCRA189(1986)
4. Ramirez v. CA, 144 SCRA 292 (1986)

VIII. Concurrence and Preference of Credits

a. Articles 2236 – 2251
b. Priority of Security Interest under Republic Act No. 11057 or the Personal Property Security
Act, 17 August 2018
c. Financial Rehabilitation and Insolvency Act – RA No. 10142
d. Cases:
1. De Barreto v. Villanueva, 1 SCRA 288, 6 SCRA 929 (MR)
2. J. L. Bernardo Construction v. CA, 324 SCRA 24
3. DBP v. CA, 363 SCRA 307
4. Cordova vs. Reyes Daway, 526 SCRA 200
5. Town and Country Enterprise vs. Quisumbing, GR No. 173610, 1
Oct 2012
6. MWSS vs. Daway, 432 SCRA 559
7. Panlilio vs. RTC, 641 SCRA 438
8. BPI vs. SEC, 541 SCRA 294
9. BPI vs. Sarabia Manor Hotel, GR No. 175844, 29 July 2013
10. Consuelo Metal corporation vs. Planters Development Bank, 555
SCRA 465
11. Yngson vs. PNB, GR No. 171132, 15 Aug 2012
12. Ruby Industrial Corp. v. CA, 284 SCRA 445
13. Rubberworld (Phils.), Inc. v. NLRC et al., 305 SCRA 721
14. LECA Realty Corp. v. Manuela Corporation, 534 SCRA 97
15. RCBC v. Intermediate Appellate Court, 320 SCRA 279
16. Sobrejuanite v. ASB Development Corporation, 471 SCRA 763
17. Metrobank v. SLGT Holdings, Inc., et al., 533 SCRA 516
18. PAL v. CA, 566 SCRA 124, G.R. NO. 150592 : January
20, 2009]
19. Clarion Printing House, Inc. v. NLRC, 461 SCRA 272
20. Ong v. PCI Bank, 448 SCRA 705
21. Sy Chim v. Sy Siy Ho & Sons, Inc., 480 SCRA 465
22. Metrobank v. ASB Holdings, Inc. 517 SCRA 1