BRIDGING PROGRAM FOR CREDIT TRANSACTIONS

WEEK 3

TOPIC: CONCURRENCE AND PREFERENCE OF CREDIT (ARTICLES 2236-2251) & FRIA (R.A. 10142)

1] At the end of the delivery period, you must be able to answer the following questions:

a) What is the nature and effect of preference of credits?

b) What are the special preferred credits?
c) What are the ordinary preferred credits?
d) What are the common credits?
e) What is the order and preference of credit?
f) What are the type of rehab proceedings?
g) What is a Commencement Order?
h) What is the Cram-Down Effect?
i) What are the kinds of Debtors?
k) What is the procedure in liquidation?

2] Read the following cases:

a) Roman v. Asia Banking Corp, 46 Phil 705 (1922)

b) Central Bank v. Morfe, 63 SCRA 114 (1975)
c) Steel Corporation of the Phils v. Mapre Insurance Corp., G.R. 201199
d) Asiatrust Development Bank v First Aikka Development, Inc., G.R. 179558
e) Town and Country Enterprises Inc. v. Quisumbing, G.R. 173610
f) MWSS v. Daway, G.R. 160732
g) JAPRL Development Corp vs. Security Bank, G.R. 190107
h) Victorio-Aquino vs. Pacific Plans, Inc., G.R. 193108

3] I will be holding a brief lecture and for your assessment, please be prepared for an
online quiz.