TABLE OF CONTENTS SAN BEDA MEMORY AID 2018 NEGOTIABLE INSTRUMENTS LAW NEGOTIABLE INSTRUMENTS LAW....... = om : f 1 Negotiable Insrumont Requistes Governing Laws Monet Legal Tender Impairment Clause Features KINDS OF NEGOTIABLE INSTRUMENTS. Promissory Note Billo Exenange : Promissory Note v. Bi of Exchange Bil of Exchange v. Check Other partes to a Negotiable Insiument Incidents i the Lie of @ Negotiable Instrument NON-NEGOTIABLE INSTRUMENTS. eo Non-negatabe instrument : Effect of Estopoe! Negotiate losrumentsv, Non Negotiable Instuments Examples of Non-Negolablelnttuments NEGOTIABILITY ee : 5 Factors that Atect the Determination of Negoiably of insruments| Requisiles of Negotaty 1. Wmust bin Wilting and signed by the maker or amor. 2. _Itmust contain an Uncondtianal promise a erer to pay @ sum cariain in money. Fund for Rembursement y. Patclar Fund for Payment Test Fond for Rembursement v. Partclar Fun for Payment ‘Subject to another transaction (non-negatiale) Reference fo another raneacton (Negotabe) 3. must be Payable on demand or ala fixed of determinable future tine. ’. When Payable on Demand 3. * Payable a a Fixed or Dstorminable Future Time _ ‘ezelraion Clause Ineecurty Clause Extension Cauee . Payment on instatiments 4. ltmust be Payable to Order o° Bearer 3. Payable to Oréer Payable fo Bearer Fieilous Payoo Rule How may the crawee bank invoke as defense the Fictilous Payee Rule Payable to Order v. Payabo to Bearer Provisions and Omissions thal OO NOT Ale! the Negotabilty of instruments INTERPRETATION OF NEGOTIABLE INSTRUMENTS ... Rules TRANSFER. 7 12 1 Nogotaion é 2. Assigament Nogoliation v.Aasigament '3. By Operation of Law NEGOTIATION... Negotiation How negoiaton takes place Incomplete negoiaton of order instrument Egulable Assignment INDORSEMENT «snes eee renee 13 Indorsement Howindorsements are made Indorsement asa cont Contract of incorsement vs. Contract of Guaranty 2018 SAN BEDA CENTRALIZED BAR OPERATIONS'|TABLE OF CONTENTS MEMORY SAW BEDA Kinds of indarsement FAS to the methods of negotiation (speciabenk) Rules on Special ndorsamen Ruts on Bank Indoreement [As lo presence or absence of lations (absoteleontionl) [AS to he kins of We wanstrred Restctvo Inforeemant Effects of Rosine Indoreement 4. Aste scope of baby af iorser Etfets of valid ncorsement 5. Ghar kings of indoreement Ginuinagular) Labi of regular Incase Rules on Indorserment Prasumplione at Time and Place of indorsement ‘A sto Time a indorsement 8, Asto Place of Indorsemert ‘Negotiation by api party UUnwtations on Renegetaton ‘Striking oct af Indossemert ‘Wren older may ake on ndorsement HOLDER. Hower 2rasees of Holders Imortance ofthe Classification ye folder in Bue Course Righta of «Helder n Oue Coures 1 Holder Nota Due Course Rights of» Holder Not n Due Course oie in Due Course v. Holder Notin Due Course Bis n Set Right of hoders where difecent ats are negotated seperately Bois ‘Obtgations of heer who indarses two (2) or ore pars of re Blin Sot to ferent persons i. Holders fe Value Paria Petommance LIABILITIES OF PARTIES ACCORDING TO NATURE ‘Warantoe: Effect of reach of warranties Unsities of pares 1. Engapoment io Pay Primary. Secondary Liabity 1 Panties Prmarly Liable 2. Paris Secondary Litle Indorsrls who are not secondly able {raer of Labi of Indoreers When 9 person signing an instrument isnot deemed as an incerser {aby of an Agent Signature by Procuration Lista the nar ACCOMMODATION PARTY. ‘ocoeodtion Accemmadation Paty Lbity ofan Aecomsmodaton Party Corporation as an Accommogation Party SpectiaRughts of Aszommodation Party ules on Saldary Accommedaton Paros LUsbity ofan Accommodates Party ‘Accommodation Party. Regula Party DETENSES. Real w Personal Datonsos DSelenses ang Warranties Breached Entec of Certain Defenses FORGERY ects CULO Rule Persons presided trom seting up defense of forgery ‘uinan Grae Paya a Check win the Forged Signature of he Drawer noc of Forged Signature 1 2018 SAN BEDA CENTRALIZED BAR OPERATIONS 18 2 28 23TABLE OF CONTENTS SAN EDA MEM@RY AID 2018 Contibutoy Negigence and Doctrine of Last Clear Chance 2esour Cleaning Rule Rules 09 Forgery Rules on Forgery a to Promissory Notes Rules on Forgery asf Bil of Exchange ENFORCEMENT OF LIABILITY...... fr ea ee 37 Prmary Gaby ‘Secondary Lily Slope 9 Promsary Note Stops i Bit of Exchange Slap n order to charge persons secondary lable in athor eases PRESENTMENT.. Preseniment Present! for Payment Reausis for sufctency of presentmant When Presoniment Shou be Mage How Computes Time of Maturity Proper Placa of Presentment ToWhom Prosented Exiiton Winen Exovsed iter Delay in Making Presentment or of Giving Notice is Excused Presentment or Acceptance When Requed 7 Howhtade Winen Excused When Delay is Excused ules on Prosenimont in cata nstances ACCEPTANCE. 40 eceptance Payment Acceptance: Form keds i DISHONOR emnnnnsnnnnenninnnnsnnnnnnnnne 4 ‘ishonor by Non Payment ‘isnonar by Non-Acceptance 5 Nets of Dishonor By wom given ‘Towose bene does noice of dishonor inure Tewnom given nar Rules How given Ware aven Erect ack of notice of eishonor on Negotable Instrument wich s payable in installments ‘When Notice of Dishonor is Excused Foreign Bil of Exchange PROTEST ee 69 Protest Roquisies Purposes toot of Non-pratost Protests Necessary Wren tage Winere Made Prolst v, Notice of Cishoner Protest or Better Secunly ACCEPTANCE AND PAYMENT FOR HONOR en et omer 44 ‘Acceptance for Honor (Acoeplance Supra Protest) Requistes, Discharge of NogotiableInstument Payment for HonoPayment Supra Protest Roqusies Right of Payor for Honor Creinary Acceptance v. Acceptance for Honor [Rceeplance lor Honoev. Payment for Honor Payment by Person Pratl Liable v. Payinant for Honor 2018 SAN BEDA CENTRALIZED BAR OPERATIONS | iTABLE OF CONTENTS SAN A MEMORY AID 2018 DISCHARGE. on 46 How a Negolabieinsrument s Oucharged 1" Paymentin Due Course I. Payment by Accommadatod Party 4, Caneatttion TV. By any ather Act which Discharges the instant \._Pincpal debtor becomes the holger Surrender ofthe Instument Digenarge of Persons Secondary Liable Instances when the agreement to extend theme of pyment does not discharge = party secondary able Efcis of Payment by Parties Secondary able Renunciation oy Hoder Requsies tosis Etc of Payment by Thiré Persons CHECKS hack Bio Exchange v. Check “yes. ‘Cashier's Caeok 2. Nenapees Cresk ‘Manager's or Cashier's Chock May be Treated as Promissory Note Izsuance of Managers or Gatier's Check 's Not an Aulomatie Transfer of Funds 3. Gontted Check Certieation Etects ron Clas Rute ‘Checks that cannot be Payabie to Bearoe Memorancum Check revelers Check Crossed Check Kinds ot rossed Check Etfcts of Crossing of Chocks Presentment for Payment of Checks Callecion of Checks Clearing of cracks Reusat of Orawoe Bank to Pay a Check (Caves When Drawee Bank May Refuse Payment Grimes invalving Checks COMPARATIVE CHART OF SECTIONS 14, 15 AND 16 . 52. COMPARATIVE CHART FOR ENFORCEMENT OF LIABILITY .sccssnsm . 52 INSURANCE LAW ‘THE INSURANCE CODE (R.A. NO. 10607). Governing Laws Pemary Suppitory 55. INSURANCE. 55 inctons of insurance Characteristics of insurance Noture a insure ora vale Classes af Insurance Contact Carina Prncpies in Insurance ‘R Contato Inerniy 1, Principe of Utmost Gos fath(Uberra oe Fisae) ©. Contact of Adhesion (Fina Paint Ra 0. Subrogation Fight of Subrogation Purposes of Subogation FRoguiies ofthe Right of Subrogation ‘Wen Subrogation © Not Avalatie 'y [2018 SAN BEDA CENTRALIZED BAR OPERATIONSTABLE OF CONTENTS SAN BEDA MEMORY AID 2018 CONTRACT OF INSURANCE Contacto nsuance FRequiites ofan Insurance Contract . ‘Test to Determine Whether a Contracts an Insurance Contract Perfection of he Contact of nourance ‘fer and Acceptance Insurance Contact tough Correspondence Delay mn Acceptance Consirction of Insurance Contract 58 PARTIES, 1. inser Insurance Corporation Requisite Foreign Inaurance Corporation 2. ineures Capacity of te Panty insured Pubic Enemy Effect of War on Existing Insurance Contracts Rule on Minors Rule on Mares Women Etc! of Death of Gomer of Policy ‘ SUBJECT MATTER Subject Matter of an Insurance Gonvact Latery Elements of Lottry ‘Wagering Contract. Conract of insurance 62 INSURABLE INTEREST Insurabie interest Necessity of nsurabie Interest Ingorable interest in Life and Disabty Insurance Persona in whose Life and Hoalh the ineured has an insurable Interest “Two General Classes of Life Poles 1 Insurance Upon One's Life (Insured United Ineurabie Interest '8,_Inaurabie Interest inthe Life of Another (Insured = Beneficiary) ‘Thee General Catagories of ingurable Interest nthe Life of Another. ‘A. Relations by Blood and Mariage i Rule of Mum on insurable Infrest based on Relationship and the revisions on Support 8, Businase Rolalonshine Business Associate or Employer of Insured ©. cradiors ©: Ingorabe Interest inthe Life of « Person upon which an Estate or Interest Deponds Congentf the Cost que vie ‘ime of Existence Life Ineuranes Policy v. Chl Donation Insuable interest in Property Insurance Ettct of Absence of insurable Inerest in Property Insured ‘Measure of insurable Interest in Property ‘Time of Existence insurable terest of anafiiany insurable Intorest in Property v nsurance Interest in Life Ineorable Interest of Carer or Depository Ineurable interest of Heir over Inverianice Insurable interest of Owe over Levied Property Insurable interest of Lesseo over Leased Property Inurable Interest of Mortgagor and Morigagee Instances the mosages may be made the Beni payee Slandaré o Union Morigage Clause v. Open ar Simple Lots Payable Mortgage Clause Erecs of Loss Payable Clause Mortgage Redemption Insurance ‘A. Change of Interest 8, Transler of Ply Effect of Polis Transfer Without the Consent ofthe Insurer ‘Transfer of Gaim 62 est que we) DEVICES IN ASCERTAINING AND CONTROLLING RISK AND LOSS . 6 Risk Pet Hazacd Foor Primary Concerns ofthe Parts o an insurance Contract 2018 SAN BEDA CENTRALIZED BAR OPERATIONS |vTABLE OF CONTENTS. SAN BEDA MEMORY AID 2018 Devices used for Ascertining and Contling Risks and Loss it “Concealment “eet of Moteritly = Materalty in Ordinary Ingurancev.Materiaity in Marne Insurance Effet of Conceament ‘Burson of Proc’ Good Fat Not 2 Defense Mater that Nood Not Be Disciosed inthe Absence af Inquires Matters that Need Not be Dissosed Even in Answer to foquias Nattere that must be Dseloeed Even n the Absence of Inquiry Proof of Frau in Coneesiment 8, - Representation Kinds of Representation Time ta whien Represontaton Refers ‘eration oF Withdrawal of Rapresertaton CConstracton of Reprosentatons Erect on Poicy af Expressions of Option o« Expectation Elect where formation was abtaines rom Ths Persons Requisies ofa False Representation (Merepresenation kinds of Miscepresentation Representation Ordinary Ineurance v Representation in Marne insurance Effct of Misromosentaton CCharacterstie of Misrepresenttion Goncealment. Marepresantation G Warranty Kinds of Repeesentaton “Time to whicn Representation Refors ‘Aortion or Withdrawal of Represen aon Construction of Representations Effoct on Potcy of Expressions of pcion or Expectation Effect whore information was obtained fom Third Persons Requisites of 2 eave Rearesentaion Misrepresetaion} Kinds of Mésoprosentation Representation n Ordinary surance v Representation in Warne Insurance Erect of Msrepresentation Characteristic of Mirepreseatation Concealment. Wisropreseniaton kings of Warranties {ime fa wich Warranty Rates Efects of Breach of Warranty ‘reach of Wavrany by Insured Wartaniyv. Representation 1. Excaption / Excision E. Gonditen Kings of Concitons Condon waranty RESCISSION - Grounds Reseission in Non Life Poi Rescission in Life Paes Requisites of \Wnen the incontostabie clause cannot be invoke Eftact when Posey Yoconas Ineamestabe Dotontes Nol Barred by Inontesibiity Cause POLICY OF INSURANCE oe Policy of Insurance Promo Stnuntione nam insurance Policy Kings ot nauranes Poses Innpertance of Datwery of Pacy ‘Sbeenea of Beery Ett of Davee of Pokey Papers Altace tothe Posey Countersignatura othe insured ona Rider, Endorsement, Clause or Warranty Lackeaf Beserpion Binding Receot Rules on Cover Notes Requisioe or vai Insurance by Parner Part Owner \vi1 2018 SAN BEDA CENTRALIZED BAR OPERATIONS, 76I | TABLE OF CONTENTS SAN BEDA MEMORY AID 2018 Val of Agreement Limiting Tie for Commencing Action Cancalstion CCancaliation of Non-Lile Policy Reausies Grounas Renewal of Non-Lite Policies PREMIUM. Insurance Premium Assessment ‘General ue: “Cash and Cary Rue” Payment of Premiom as a Dedt or Obigaton [Effects of Non-Payment of Prem ‘efonses Availabe for Non-Paynent Effet of exnowedgment of Recap of Premium in Potcy Effect of Aczoptance af Premio Payment or Future Premiums Payment ofthe Pramium by Post-Datod Chock Eniitoment of Insured to Ratu of Premiums Pad Devices Used to Prevent the Forture of @Lfe Insurance ater the Payment of the Fist Premium Loss Loss in insurance FRoguicias for Recover Incase of Lose Wien insures Liable for Lose \Winen the Insurer ie Not Proxmate Cause Imada Cause Roma Cause Burden of root Notice of Lose Purposes “Tne of Ging Noto Proof of Laas, Form of Notice oF Proof of Loes Purposes : \Whon Delay in Presstation of Noce or Proof of Loss is Deemed Waived Fale to Furnish Notice or Proof of Lase Defects in the Notice or Proof of Loss are Waived when the Ineurer ‘Tost o Determine wheter a This Perso may Dec Sue te inure of the Wrongdoar PERSONS ENTITLED TO RECOVER.. Benet Kinds of Senefciay Limations nthe Appeiment of Benetry ‘ght to Chango Benetciry Ett of revocsbe Bonet, Changing the Designaton of he Senta em revocable to Revocable Foreture othe Fights of Benfica {en he Beet Dos Belov ensured rior of Profronee of Persone Sted to Recover in Beha of « Minor DOUBLE INSURANCE Double nsurance Roguistes Overinsurance Overinsurance v. Double Insurance verinsurance by Dovble Insurance ‘Adatonal or Other Insurance Cause Purpose ‘Stipulation against Double Insurance Pneiple af Contribution o¢ Coniston Clause Rules for Payment where there Over insurance by Double Insurance Formula for Determining Insura’s Conibuton 86 REINSURANCE. . Reinsurance Reinsurance Cessian ares toa Reinsurance Contact Retocession (Reinsurance of Reinsurance) Reinsurance Treaty Reinsurance Treaty v. Reinsurance Policy ‘Nature of Conrat of Reinsurance Funcllons of Reinsurance 87 2018 SAN BEDA CENTRALIZED BAR OPERATIONS | itTABLE OF CONTENTS SAN MEMORY AID 2018 Insportance of Reinsu Value of Reineurance Limit of Single ask Double Insurance v Reinsurance Duty of Reinsured Yo Decose Facte Methods of Ceaing Remsurance Rensurers Lsbity ‘SPECIAL KINDS OF INSURANCE MARINE INSURANCE Transporation inswance Major Divisions of Transportation surance Scope of Marne insur Fisk Insured Against Penis ofthe Sea Pris of the Ship ‘Special Matine Insurance Contracts and Clauses Insuraieinorest in Marne Insurance Freighlage Sources of Freightoge Conceaimentin Marne insurance \Winen Conceaiment Does Not Vitae Entre Contract Distinctions on Conceaiment Representation in Marne Insurance Effect of False Repraseataion by Insured Eflet ot Fale of Representaon se 1 Exoectation \Warrany in Marne Insurance Implied Warranties Seaworiness| Test of Seaworthiness Coverage othe Warranty of Seaworthiness limpuea Warranty of Seaworthiness Applied to Cargo Owner ind of Deviation ose in Mine insurance Right ofthe ingured fo Payment ‘Abandonment Reauiiler for Vatisty Elect of Faure to Abandon Ettetsof Abandonment . Accoptance Etfets of Accoptance i Fights ot Insurer Wha Pays Paral Loss As Actual Tot! Li insur’ Labilly for Rtusal of Abandonment Measure of Indernaiy Loss of Profits Separately insured Formula in Deering ihe Amount af Rezovery Presumption of Los of Profits Averane Kinde of Averages Genera: Average v. Parteular Average Fequsites to te Right to Claim General Average Coribution Formula in Detarmiting the Share and Contanaton of Each of ne Paries Right ofthe Insured in General Average Option ofthe insured Regusies of Co-nsurance Rules an Ca-lesuance Format Determine insucer’s Liability New for Old Rule Corineivance v. Reinsurance FIRE INSURANCE Nature of Fre insuranes 2018 SAN BEDA CENTRALIZED BAR OPERATIONS 88 90TABLE OF CONTENTS SAN BEDA MEMORY AID 2018 Hoste Fire v. Friend Fre ‘Aled Rake Risks Covered Business Inteupton Insurance Rent Insurance Extra Expense Insuance Kinds of fndroct Loeses (Ocean Marine Poly v Fire Policy Impotence ofthe istiction Measure of Ingemnety Insure’s Liab in Valued Policy ‘Coinsurance clause ‘Aeration ‘hare Increase of Risks caused by Accident ‘Where Increase of Risks caused by insured's Tenant FatofBulding Clause Opton to Rebus Cause NonAlonation Clause CASUALTY INSURANCE... Cosuatiy/Accidont Insurance Coverage ‘General Divions of Casually Insurance Insurabe interest n Liability Isuranes Fight of jure to Sue insurer of Party at Fault ‘Tests Basi'ang Extent of Insurer's Liablty Ful 25 to Death o Inky Resuling fom Accidental Means "Intentonal "Accidental ° No Acton Clause LIFE INSURANCE... Life ineurance Le insurance v. Accent and Health Insurance . Nature of Life Insurance Portes na Life Incurence Patcy Direct Pecuniary Loss Not Reqared ‘Accidental Death Benefit Clause Ettoctviy of Accdontal Deal Bonoft Ciavso, Kinds of Life Insurance ‘Scope of Life Insurance “Trancter of Posey Right of insured fo Assign Life insurance Policy Neceseiy of Consent of Bonen to Assigoment Notice to ingurer of Teanster Insurer's Consent Measure of Indemnity LUsbity of Insurer in Certain Causes of Death of Insured Premiums Pasd ram Conjugal Funds . Cash Surrendee Value Mandatory Heath Care Services Irsplementaton Enoreing Agencies 102 ‘SURETYSHIP eee eee 105 Surlyship 2 Undertakings within the Scope of Suratyship Lbity af Surety ale of Liab of Suoty “Types of Surely Bonde Corpaate Suretysnip Contain Surly Premiurt Rules on Payment of Premiums: Reimbursement Sureyehip v. Proporty insurance Suretyenp v. Guaranty COMPULSORY MOTOR VEHICLE INSURANCE. G7 Meter Vehicle Lisi insurance Persons Subject oth CMVLI Requirement ‘Substtea fora GMVL! Pokey 2018 SAN BEDA CENTRALIZED BAR OPERATIONS | ixTABLE OF CONTENTS SAN BEDA MEMORY AID Scope of Coverage Reauired Payment af Premiums Registration of Motor Vehicos No Fav indommiy Clim “No Fault Cause” Proof ot Lose ‘aims Settementin CMVL "Passenger 2 Third Party rope insurer om hich to Cm Fight lo Recover rom Metor Vahicle Owner Finding of Fault Spocial Causes Notice af Cia Important Periods on Claims Sottoment Running of Presetotwe Pero Payment of Cains Cancallaton of CMVLI Effets'of Cancolation Change of Ownersin MICROINSURANCE, Miroinsurance Features of Mieroinsurance Product Raquremenis Performance Stancords Financial Reporting Framework CLAIMS SETTLEMENT... isin {aims Setiement “nia aim Setement Practices Kings of inguranee Lastee Time for Payment of Cis Eft of Refusal or Faire lo Pay the Csim within tho Time Prescribed Unreasonable Desay Presumption of Unressonable Oslay FReferance to Arbiraton min! Liabiy for FrauulentClins PRESCRIPTIVE PERIOD. ules on Prescristion BUSINESS OF INSURANCE "Doing an insurance Business" Requrstes Pro to Operation Requlttes for Conlnusnoe n Business INSURANCE COMMISSIONER. insuranne Commission TRANSPORTATION LAW Governing Laws CONSTITUTIONAL PROVISIONS CONTRACT OF CARRIAGE FOR TRANSPORTATION Contract of Tenspoctation Classieations of 8 Cantract of Carage Paes toa Contact of Transporation Perfection of Contract of Transportation rere Bases, Jagpneys, and Strat Core CHARACTERISTICS OF A COMMON CARRIER, Characteristics Test for Determining whotner 2 Party i & Comman Cartier | 2018 SAN BEDA CENTRALIZED BAR OPERATIONS eis 110 110 113 13 18 116 118TABLE OF CONTENTS SAN BEDA MEMORY AID 2018 ‘Common Cartier by Operation of Low Private Carer Common Carr v, Private Carioe Conversion of 8 Gomman Carr into a Private Carior Charter Pay Instances where the Court held a Person, Partnership, Fem or Corporation as Corman ator Instances where tne Court held a Person, Parnership, Fm or Corporation as Prvato Cai: {Common Carrie Distingushed fom Travel Agency, Towage, Arasire and Stevedorng “wo Types of Cargo Operation Applicable Law garding international Casage REGISTERED OWNER RULE, Fogistered Owner Rule Registation of Vericle Uspity of the Registered Owner Loaee ofthe Venice Lease not Registored Kae System Ubi against Thi Persons Instances wher the Kabit System wil nt apply . Relalonehip between the OwneriOperator andthe Over . 122 OBLIGATIONS OF A COMMON CARRIER IN THE CARRIAGE OF GOODS .....sesnnninnnsesnne 123 Pray Obit of» Caney Caren a Cariago of Goode Duy to Deliver the Goods Tie of Deivery Effcis of Daly 1. Butyto Accept tne Goods Factor to Consider 19 Determine whether Discrimination ls Necessary or Reasonato Instances When the Carer may Vaily Refuse io Accept ine Goods Hazardous and Dangerous Substances: ML. Duty to Exerase Exraoranary Dilgance Durston of ati Prohibit Stipulation in @ Contract of Cariage of Goods ‘Spulations Fang tho Limit of Recovery Requites DEFENSES OF A COMMON CARRIER IN THE CARRIAGE OF GOODS...... Defenses (FANCOE) Caso FortiterForce Majeure i Fre ‘Tie Biow-out Heavy Rains Hiecting| ‘Ais of Public Enemny 1. Nagligenes ofthe shipper cr Owner Ii, Charter ef he Goods or Defects In the Packaging orn the Container (Otder or het of Pubic Authority Iv, Exerise of Extoordinary Oligence ‘nvales Detencos “ Baeatry 2. Worms and Rate 3. Explosion 4 water Damage 128 OBLIGATIONS OF A COMMON CARRIER IN THE CARRIAGE OF PASSENGERS... penne 127 Primary Obligatons of @ Common Carrier inthe Caiage of Passengers 1. "Duly to Observe Limos Dilgence to Passengers uration ef iss Gratuitous o& Rectces Fare 1. Duty to Bring Passengers in Tei Destination without Delay Ii Duy to Take Care ofthe Passengers’ Baggage ‘Kinds of Baggoge Distinctions betwen Hand-caried Baggage and Chacked-n Baggage ‘Reguiile for Common Cariors ably for Hand-Carid Baggage or Necessary Depost Instances when Common Carrer f nt Responsible for ti Lose ad Injury to Passenger’s Hand Carted Baggave Limit of Liabity i Intemational A Transportaton Passengers Chocked-in baggage or cargo Goods to be Shipped ‘Reon for Damages 2018 SAN BEDA CENTRALIZED BAR OPERATIONS | xiTABLE OF CONIENIS SAN BEDA MEMORY AID 2018 DEFENSES OF A COMMON CARRIER IN THE CARRIAGE OF PASSENGERS... sv 129 Dilgance inthe Selection and Supenision of Empioyeas Sistnctions Betwoen the Libiy of a Conon Carer for Desh or Injures to Passengors Du to Acs of ls Employees and Due to Acts of Other Passengers Stangers Reasons for te Carrier's Liatlty on the Acts of ts Employees Docinne of Lat Clear Chance aes are Not lasurers af the Lives of Their Passengers OBLIGATIONS OF SHIPPER, CONSISNEE AND PASSENGER.. 131 Obigatons of Shipper, Consignge and Passenger Decline af Avodable Consequences Assumption of Rsk EXTRAORDINARY DILIGENCE. 7 o 131 Diligence Required ofa Common Carer Betintona of Exraarcinary Oligence Duty to Tae Persona coverage Prosumplion of Negigance Stpuiaton initagiResucing the Care’ Listy 1 Goods {i Passengers Gratuitous Passengers [Acuommadation Passengers Fes Ips Loqutur Reausites Exvaotdnary Dilgence in Cactage by Sea Seawortines®| Warranty of Seawortiness of Ship Unseawerthiness Cargaworhiness Ne Overloading, Devraion Transshioment . Exvaorainay Diligence in Carsage by Land Contin of Vehicle Violation of Yate Rue ‘AnieOcunk an Deugged Orvng Law of 2013 (RA No. 10586) Deputaton of Law Entorcement Offeers Reasonable Grounds lo Establish Probable Cause Procedure Effect of Fetal fo Subset Onesel to Mandatory Tetts mbit ef Owner andlor Opsrater Exraoroinary Diigence 9 Ai Transportation Passengers Denies Soaring DOTE-OTT Joint Adin. Order No. 1s. 2012 or the Air Passenger Bil of Rights Bil of Rights ofan A Passenger Instances When 3 Common Carer Fale to Exercise Exrsordinary Oiigance BILL OF LADING fe menar Billo Lading| “Tnree-Fold Function ofa Bl of Lacing Rules Governing Bil Laing Kings of Bil of Lagi iting Stputons (Carag Manvest vB of Laaing MARITIME LAW (ARTS. 573-869 OF THE CODE OF COMMERCE) . oe 198 CCharactratcs of Martine Transaction Merchant Vases! Order of Prelerence in Case of Sale of Vessel Dotnet tet innit ypatheesry Rl) (Caees where aopcabio Persons who may invoke the Lied Liabiity Rule Right of Abendoament PARTIES IN MARITIME COMMERCE oe oe ae ie 14 Parts in Matlime Canunatce Shower (Propet) vil] 2018 SAN BEDA CENTRALIZED BAR OPERATIONSTABLE OF CONTENTS SAN BEDA MEM@RY AID 2018 Ship agent (Naviro) Husbanding Agent - Powore and Functions of Ship Agent Duty of Shp Agent ta Discharge the Captain and Members of the Grow Captains and Masters Nature of Posiion (Theee-Folé Character ‘Quatfeatons Inerent Powers Duties ‘tices and Crow Saling MataFrst Mate Second Mate Engineers Grew Purser ust Causes for he Discharge ofa Seaman wile Contact Subsats Rules in Case of Death ofa Seamen Complement ef he Vessel Supercargoes Past Compulsory Potage Gaby of ot ‘Special Contracts of Martime Commerce CHARTER PARTY (Charter Party in General Kinds of Charter Parties Effet of Charter an Character of Carer Towage snot a charger party Loaev, Charter Paty Distinctions between Bareboat Charter and Contacto Areighiment Right io Sublease or Subchartor FRoquises of 2 Vaid Chartor Paty Permisibe Ciusos n'a Charter Party Rights and Obigatons of Paros Resctasion ofa Chater Party Teims to Remember Usual Forme of Consummating Contacts : ‘Traneshipment of Goods 144 LOAN ON BOTTOMRY AND RESPONDENTIA .. Boitomey ospondeniia Loan on Battomeyv. Loan ot Respondents Distnetions botwaon a Lean of Botomry & Respondenta anda Simple Lean ‘When Loan on Bottomry or Respondent is rogarced as Simple Loan Hypothecary Nature of Batomry or Respondents ‘Concurtence of Marte Insurance and Loan on Botlemey/Respondentia. ao 146 ACCIDENTS IN MARITIME COMMERCE .. AVERAGE ‘average Clacsication (Gross or General Average ‘Goods not Covered by Gonoral Average oven f Seciicad setison ‘Order of goods to be cast averboara : York Antwerp (YA) Rules on Determining Lisbilly for Averages wih Regard to Deck Cargo Distnetons betweon Domestic and international Sspping 148 ARRIVAL UNDER STRESS..... ‘iva under Sess Uabity ofthe Shipowner or Ship Agent . 149 COLLISIONS...... Colisions ‘Navical Rules to determine Negigence ‘Nautical Rules a5 to Saling Vessal and Steamship Port and Starboard Zones of Time inthe Colson of Vessels Enrorin Extreme 150 2018 SAN BEDA CENTRALIZED BAR OPERATIONS I xiTABLE OF CONIENIS SAN BED H@RY AID Cases covered by Calision an Alison Maritime Protest Excuses for Nat Fling Protest Cases Aspiable Shipwreck SALVAGE LAW (ACT NO. 2646) Two Concepts of Salvage Reguists lor a Vaid Salvage Claim Sublets of Savage Persons who have NO Right lo a Rewatdfor Salvage erect Salvage v.Towage Rules on Salvage Roware CContaineraation’Sao. Cont “Shippers Load and Count” System CARRIAGE OF GOODS BY SEA ACT (COGSA) Applcabity Panes Duties ofa Cartier ‘Amount of Caries Uabiy [Natce of Damage Proserpine Period CORPORATION LAW INTRODUCTION [Basic Types of Business Organizations Paanership v. Corporation [Sloncal Bacronind 9# Piinpine Corparate Law CONCEPT AND ATTRIBUTES OF A CORPORATION. Corporation ‘Theodes on Formation of Corporation ‘Tritowel Existence inthe Corporate Seting ‘Advantages of Corporate Meum ‘ibutes of @ Corporation Right of Succession Creature of Law Franchises of Corpration Btimery . Secondary Franchise Consegences Residence and Nationality Tests to Determine the Natonaity of Corporations Pippine Nationa Dovbie 8% Rule Granafabr Rule Constivional Rights Corporate ually ‘Goetie of Piereing the Vel of Corporate Entity Noture of Plereang fhe Corporate Vel Doctrine Gusdeines in Bering the Coeporse Ven Classieaton of Piercing tw Corporate Vel Cases Fraud Cases ‘Mer Fagg Cases (oe Conduit Cases) Probate Factors in Pireng the Corpérate Vell Instrumentaty Rule ‘Mer Eye Rule v-lasvumontatty Rul Frweeoronged Teo o Gelermine t io Bece dhe Val of Corporate Fiction Effects of Piercing the Corporate Vel Cases on Paring the Corporate Ved Creature of United Powers Doctrine of Lites Capacities (Theory of Special Capacies) ‘Theory of General Capaciios Gorporaen ae a Parner ihre vies Goetrine tra Vis Act Etec of Uta Vires Act ‘pes of ula Ves Act = Apaication f ier ge Thacry xov| 2018 SAN BEDA CENTRALIZED BAR OPERATIONS, ore 182 155i TABLE OF CONTENTS ‘ SAN BEDA MEMORY ALD 2018 Lira Vite v egal Acts Test on Whether o° Nola Corporation May Perform an Act Remedios incace of Ura Vies Acta Classieation of Corporations 1 Aso stock 2, eto omanizers 3 Aso purpose ‘Governmont as @ Member ofa Corporation Rights, Powers. or Pivieges Jotedcton of SEC © 4 ‘AS to manner of ereaton: ‘Corporations Croated by Special Laws or Charters | Publev. Prato Corporations | 5. As to legal ight to corporate existnco Basso! De Facto Doctrine | Roquistes ofa be Facto Corporation Instances when tere no de facto corporation due to iva law [Example of Detect that wil Precluce the Creation ofa De facto Coporation Instances when tore a de facia corporation ‘De dre Corporation v. Oe Facto Gorporation v. Corporation by Estoppel 6. Asie lawe of incorporation [Reo whether they ate opon tothe public or not 8. Aso relaionship of management and conta! {slo number of persons wno compose them 710. As to whether they are for religious purposes or not 11. As to whether they are fr charitable purposes or not > Concept of Going Pubic and Going Private ‘One:Aan Corporation f FORMATION AND ORGANIZATION OF A PRIVATE CORPORATION... ‘Creation ofa Corporation Documents requ bythe SEC for incorporation: ‘Atcles of Incorporation (AO!) ‘Three Fold Nature Contents of AO! Corporate Name ‘Staltory Lmatons onthe Use of Corporate Name (ther Limitations Doetina of Secondary Meaning Remedies of Corporation whose Name has been Adopted by Another hang ot Cocporate Name "Purpose Clause Significance of Purpose Clause Stretching tra Purpose Clause 2. Principal Offee Purpose 3. Termot Existence Doctrine of Relations or Relating Back Doctrine i Incorporates Components of a Corporation ‘Numbor and Qualifications of Incorporators . Incomoratrsv. Corporators s Other Components “Types of Underwing Contracts Oectore and Trustees 4 Capitatizaton Capital Stock or Legal Stock or Stated Capital ‘Authorized Capital Stock Subscribed Capital Stock { ‘Outstancng Capilal Stock . Paid-up capita. UUnissued Capital Stock Legal Capi Stated Capital Capital Stock Requirement Pro.inoxporation Misimum Subscription and Paid-up Capital Requirements Matters Requited 0 be Stated in te AOI of Stock Corporation oters Rogure 1 be State nthe Ato Nant ompoaton ‘Shares of Stock Doone of Equality of Shares Giosses of Shares ‘Advantages and Disadvantages of Par Value Shares No par valuo shares ‘Advantages and Disadvantages of No Par Value Shares Prefered shares 171 2018 SAN BEDA CENTRALIZED BAR OPERATIONS |vTABLE OF CONTENTS SAN BEDA MEMORY AID Kinds of Preorred Shares Other Classes 2. Redeemable shares “ust Fund Doctrine Treasury shares Founders shares Share n Escrow Oversssved stock Spurious stock \Wiateres stoce Converte share Fractonal sare Promotion share Sorplesschares 7. Treasurers Atioaut Other Provisions ‘Acknowledgoment, Signature. and Verication Commencement of Corpocate Existence Ceniteate of Incorporation \Whare the Iseuanee of Cartfeat of Incorporation Not Reauires ‘Amendment of Atlas of Incorporation Procedure in Amending AO! ‘Approval by Inaction ‘Rejecton or Disepproval of Amenaent in thé AO! Motori Duty Effects on Non-use of Corporate Charor and Continuous Inoperation ofa Corporation ‘Acs eonsttting Ferma! Organization and Corrmencoment of Corporate Business ‘Aca canstutng Commencement of Business ‘CONTROL AND MANAGEMENT OF A CORPORATION... e Gels of Corporate Contr! ‘A. Board of Decors and Tasstees General Powers ature of Pow Spacal Facte or Spec Business Judgment Rule Two Branches of the Business Judgment Rule Guateations of Orectors/Truions Independent Ovector Sloek Owrarshp Requirements Disqualification of Oxoctors, Trastoes or Ofcore ‘Grounds Nol Exclusive Elocion of Oretors of Tustons Electon les an Stock and Non-Stock Corporations Methods of Ving Formas: (Gasser iterative Procedure Hone! Remainders Tate vantages and Dicadvaniages of Cumulative Voting {Lintation on the Seton of Director! Trustees Time of Annual Elections LUitlons an tne Stockholder’ Right to Vote Report of Eacion of Oxectors,Trutoos, and Officers ‘Term of Offes Hoover Panola Quorum Requirement n Beard Mewtings Prony Not Allowed Disquatied Decioe Removal of Board Members Roqusios for Removal Cal for Reting fo Ose Purpose of Removal Resignation ‘Anandonmnt of Ofer a Faint Aton Mating Vacancies in he Board Lumtaton on Compensation 8. Corporate Uhoers Mandatory Corporate Otros: Corporate Offeer athe By-Laws Director or Trustee v. Corperate Offcor Corporate Cffee x. Corporate Employes allay and Binding Efet of Acte of Corporate if Source of Authority Exot of Posters or Auoity {laseieaton of Powers or Authority Doctrine of Apparent Authority ieeunstancas Doctrine si 2018 SAN BEDA CENTRALIZED BAR OPERATIONS 2018 an 187- TABLE OF CONTENTS SAN 3EDA MEMORY AID 2016 Cases where the Doctrine of Apparent Authority was Applied C-Liabiyof vectors, Tustees, and Offcars ‘Thee: Fold Disios of Drectors Oisoyaly Personal Lady of Decors Gases where Diectos or Corporate Officers are Made Liable iscondut of Co-Dirctors Remade in Cae0 of Mimanagement(O-RID) obit fr Watered Stock Sell-Dealing Orecioss, Trusts, and Offcars Interlocking Dxeetors fet of inerocking Orecteship Contacts Invaving ntrecking Directorship Valdty of Contracts Docrne of Corporate Opportunity ‘Applcabily ‘When Corporate Oppodunly Coases Execulve Commitee Bury ‘Quorum n Executive Commitee peal Limitations on the Powers ofthe Executive Committee CORPORATE POWERS in ennnnnntnnnninnnnnaninnne Classes of Carpoate Powers . DDocrne of Necessary Implleation Express v. imped Powers General Powers and Capacity Specie Powers Extending or Shortening of Coporate Term Requirements . Nalute ofthe Power Increasing oF Decreasing Capital Stock Ways of inerasing/Decreasing Authorized Capital Stock Umtations Reasons for lnroasing Capital Sock Incuting, reaing. or Increasing Bonded indebtedness Nature of the Power Corporate Bona Bonded Indebtedness Deventure Sale, Dispsion, Lease, or Encumbrance of Alor Substantial Alla Assets Feauirements “Substantally Ar t Nel Doctine. ‘Wien Raicatary Vote of Stockholder/Members Not Requced ‘Acquistion of Corporate Shares instances ‘Candions forthe Exercise ofthe Power Investment ef Corporate Funds ‘Avaiabilty of Appraisal Fight Decaration of Ovidend Relined Earnings Unrestricted Retained Eamings Requrements for Declaration of Ohidends Classes of Dvidencs {Gash Dividend v. Stock Dividend Stock Dividend v. Stock Splits Divkendsv. Profits! Earning Distribution of vgends Management Contract Executive Corvnitieev. Management Contract ‘Adoption ang Amendeent of By-aWs By.Lawe By-Laws in Relation to tices of Incorporation [Aricles ofIncorperation v. By-laws osolwion v. By-Laws ‘Adoption of By-Laws i Etectity Elec of Noling win the Required Period Contents of By awe Val ofthe By-laws 7 “Amendment of By-Laws Biaing Effects of By-laws Merger and Consolation i BOIS SAN SEDA CENTRALIZED BAR OPERATIONS |x 202TABLE OF CONTENTS SAN SE0A MEMORY AID Morgorv. Consolation Combination Merger of Partnership and 2 Gorporaion (Common Forms of Comprate Camaeatons “Types of Acquisitions Merger anc Consolidation v Sale of Assos Procedure lor Merger and Consolation RIGHTS OF SHAREHOLDERS OR MEMBERS 0. ocsssronn ight to Attend Meetings kings of Meetings | ‘Sckholders Mestings v. Board of Divector/Trustees Meetings Persons aumorzed o as a meating ‘Quorum af Maatngs of Sharcholdors or Members horn, Rule on Teleconferencing o Video-Confeencing . Advantages and Disadvantages of Teleconferencing Rulo'on abstention Recora Date Fight to Vote Manner of Ving Rulos on Moating'Voting Appicabe Wo Cetin Kinds of Staves Right to Aopoint Proxy equlremonts for Vaity Kinds of Proxy Purposes and Use of Proxies ‘Tne ight te vote by proxy may be exercised in any ofthe folowing instancos Rules on Proxy Revocation of Proxies Revocation may be made trough Rules on Revocation Fight t Execute Voting Trust Agroomonts Voting Trust Agreement Purposes of Voting Trust Agreement Status of the Voting Trustee ‘Status ofthe Transteing Stoexholser \oing Taust Agreement v. Proxy Poware or Rights of Voting Trustees Right of nepecton CCorpvate Racords Required by the SEC te be Kept andlor Registered Gantonts of Stock and Transfer Book Contents of ook of Minutes Fight to Inspect Corporate Books Perzone Gin the Right to inspeet Corporate Books Right of Stocknaiders to Corporate Books and Records ‘Basis ofthe Fight to Inspection Exton ofthe Right of spection Limntatons on the Right of Inspeion Remedies inspection Denied LUspity for Real to Inepect Requistes o Avail Rotel Pro-Emolive Right Instances wen Pre-empive Rights NOT Avalabie ‘asitona Issues of Originally Auhorzed Shares Pro-Empive Right, Right of First Refusa AAppraizal Fog, Inelanees wien Appraisal Right may be Exerc {Conditone for Pxercin of Appraisal Right ‘ainen Right Peynane Notation on Certificates}: igh’ of Transeree Effects o Tranter of Dissenting Shares Elst of Demand and Teninaion of Right Derivative Sut {clone by Stockholders or Members Derivative Sut Stockholder Nominal Paty Fights and Remeais of Stocolaers Rights ar fa Conta! and Management Proprelay Rights Remecal Rights vil | 2018 SAN BEDA CENTRALIZED BAR OPERATIONS 2018 216TABLE OF CONTENTS SAN BEDA MEMORY AID 2018 abies of Stockholders ‘Summary of corporate ats and voting requirements Corporate acts which eequire majority vote of he bod alone Corporate acts wren require majority vate of he bad and voto of stockholders representing 2/8 of the ocs| Corporate acts wich require majriy vote ofthe stockholders representing majrty of tne ocs lone Corporate acl wich require majoray vote ofthe stockhalers representing 23 of to os atone Corporate sels which equie mecting of he baat only (Corporate acts which require meeting of he shim ‘SUBSCRIPTION CONTRACT... ‘Ways o Become a Stockholder ofa Corporation ‘Subscription Contract Nature of Subscriptions Contacts Trust Fand Doce ‘Applicaton ofthe TFD ‘Subserpton v.Pucnese Kinds of Subseription Contract Underwiing Agreement v. Stock Subscripfon Agreement Underwniing Agreement ‘Vaid Conedoratone in Subecripon Agreements Protbited Consideration ‘Arpount of Consideration Deposit an Stock Subscription Remedios to Enforce Payment of Subserpton Delinquent Shares, - Procedure for Delinquency Sale: ‘Winning Bidder in 9 Delinquency Sale ‘When Sale may be Questioned Interest on Unpaid Subscriptions Payment of Balance of Subscription CCalection of Unpaid Subscription Efoct of Faire to Pay Subserion cal FRequisies for a Vaid Cll Payment Without Ct Effects of Delinquency Content of Stock Doctine finality of Subseption Contact Guat Negotiable Cartieate of Stack ee ‘Steet Centeste equates forte Iguance of Ceteate of Stock ‘Shares of Stock v. Crtficteof Stock i ‘Where the cerieate of stock refects a greater volume of shares than the actial number of shares issued oo Be saved, the flowing ‘ules may be considered Remedios whore corporation retuses to issue ceriiate Modes of Stock Tranter Requirements for Vat of Stock Transfer fois of Unregistered Transl of Shares Unpaid Ciaims Procedure for lsuance of Naw Cerificate of Stock In Kou of Lost, Stolon or Destroyed Cestieates 1, 237 NON-STOCK CORPORATION... Protiited Consideration ‘Amount of Gsideration Dapasi on Stock Subscription Remedios o Enforce Payment of Subscription Delinquent Shares Procedure for Deinquency Sale: ‘Wining Biddorin a Delinquency Sale ‘When Sale may be Questioned Interest on Unpaid Subserptons Payment of Balance of Subsainton CColecton of Unpald Subserotion Efoct of Failure to Pay Subscription cal Roquisies for Valid Cal Payment rout Cl Etec of Dainquency Conical of Stock Dactine of Indvstaliy of Subscription Contract Quast Negotiable Conca of Stock 7 Street Coriieate Requslies for the Issuance of Cerificate of Stock ‘Shares of Stock ¥. Cortieate of Stack 2018 SAN BEDAVCENTRALIZED BAR OPERATIONS | xiTABLE OF CONTENTS SAN BEOA MEMORY AID ‘ihere the cetfcae of stock reflects grater volume of shares than the actual number af shares issued o tobe Issued, te flowing ‘ules may be considered Remedies where corporation refuses to ive certicate Mages of Stack Transfer Fequiremonts fr Vaiiy of Stock Transfe: Etats of Urvegitared Tanster of Shares Unpaia Claims Procedure fo issuance of New Certfeate of Stock in ey of at, Stolen or Destroyed Certicates CLOSE CORPORATIONS Close Carparation Close v. Closed v. Closely Held Corporation Gharastorstica of Case Corporations (Ordinary Stock Compratonv. Close Corporation ‘Agrooments by Siocialders Effects Where Stocknoiders Are Managers \Wnen @oard Wasting i Unnecessary 2 Impropery Hels Amendment of 0 Deadiockn a Cose Corporation ‘Austnony of the SEC to Arbvate Remedies of Stockholders Permissive Provisions inthe Artes of Incorporation of @ Close Corporation Condition forthe Vadty of Restctons onthe Right to Transfer Shares Nature of Restiction on Transfer Efecto issuance or Transfer of Slock in Brea, of Qualifying Conditions ‘Good Fahy Not a Defense ‘SPECIAL CORPORATIONS |. Educalional Corporations Constitutional Provisions Related to Educational Corporations 8. Reigious Corporations ings 1 Corporation Sole 2 Ralelous Societes/Corporate Agsrasato 5 Ordinary Non-Stock Reigious Comporaon CORPORATE DISSOLUTION AND LIQUIDATION, Sissoluion Nature of Dissolution ‘Two Lega Steps in Corporate Dissoluton Modes of Dieealton ‘Voluntary Carprate Dissolution Involuntary Corporate Dissolution Dissolution By Shortening Corporat Term Expiraon of Corporate Term Revocation of Cereal of Incorporation By Sec Effcts of Dissolution Corporate Liquidation Tunsditon Etfcts of iquidatng Orter Methods of Liquidation or Winding Up Serious Suaton Test Jussaeton Diferences Among Extension of Corporate Life, Rewsl and incorporation \Gailaton v-Rehabitlaion Rehabiltaton : ‘it of Rehabtation Suspension of Gime panded Concept of “aim” Covered by Stay Order (Clam Mae Outed! The Renabitalon Praceeding Sige brrnrings Suspantod FOREIGN CORPORATIONS. Applicaton for a Lconse bqelstes fr issuance ofa sence (CALFS) Resident Agent ‘Doing Business Jrspracentiat Teste ets constituting “Doing Business” «| 2018 SAN 3EDA CENTRALIZED BAR OPERATIONS 249 253 255TABLE OF CONTENTS SAN SEDA MEMORY AID 2018 ‘Acs NOT conettuing “Doing Business’ Dootine of iolated Transactions InPa Dect Rls Esioppel Rule DDoctine of GuasiEstoppet @y Accoptance of Benefits . Effects of Lack of Leenee on Suis fect of Subsequent Asquitlon of Lense (Going Businoss Without Lcanse ‘Summary af Res instances when a Foreign Corporation May Sue inthe Philippines whether or not Licensed To Do Business Revocation of License Wircrama SECURITIES AND EXCHANGE COMMISSION REORGANIZATION ACT (P.D. NO. 902-A) encom 265 TC's Original and Exctsive Jurisdiction Inire-Corporate Dspute ‘Grounds for Suspension or Cancetation of Cerificate of Registration INTERIM RULES OF PROCEDURE FOR INTRA-CORPORATE CONTROVERSIES (AM. NO. 01-2-04-SC) Inta-corporate Contoverses Cases Covered Election Contest Nuance and Harassment Suis 266 INTERIM RULES OF PROCEDURE ON CORPORATE REHABILITATION (A.M. NO. 00-B-10-SC) wi... 267 Corporate Renabitiaion Spec! Proceeding Appkcataty Exectlry Nature of Orders - Stops Prosedue fo Vaid Stay Odor Powers and Functions of Management Commits of Rehabilitation Receiver Efecto the Renaoitation Pa : GOCC GOVERNANCE ACT (R.A. NO. 10149). Government: Owned o Controle Corporation Chorered Non Chanered COC Governanes Commision for OCs (6C8) Board of Deco or Trusts Aopeintve Deector Chit Executive Oto (CEO) 7 Fiand Proper Rue ‘Term of Oftoo Friday Outs of te Boar'and OFtcors Spec Att 272 ‘SECURITIES REGULATION CODE (R.A. NO: 8799) oon State Policy Features Intendes to Protect vesting Pubic Secu Kinds of Secures Foxbie Principe t (Considered 9 secures Secunty Market Professionals : Powers and Functions ofthe See. - ‘SEC Jureacton ove ihe Vat for Prexes in clan to Eicon Controversies General, Administrative and Regulatory Powore Coase and Desist Orser (C00), Essential Requitements that must be complied by the SEC Rogitaion Of Securities Policy of Full Matesal Disclosure Prospectus Registration Statement Material formation Exempt Seourties Reason for Exorption of Securities Exompl Transactions Procedure fo Registration ‘Grounds for Rejecton or Revocation of Registration of Secures Sato of Unregistered Secures Would Necessary Operates Fraud on Investors 273 2018 SAN BEDA CENTRALIZED BAR OPERATIONS |x