CREDIT TRANSACTIONS SYLLABUS

I. INTRODUCTION
A. Credit, defined
B. Credit Transactions, defined
C. Kinds of Credit Transactions
D. Transferability of Credit
D. Scope of Credit Transactions

II. LOAN

A. Definition
B. Kinds of Loan
1. Commodatum
Arts. 1933-1952, 1174, NCC
2. Mutuum or Simple Loan
Art. 1953-1961, 2209 to 2213 NCC

C. Nature/ Characteristics
D. Subject Matter
E. Rights & Obligations of Bailor & Bailee
F. Modes of Extinguishment
E. BSP Circular No. 799, s. 2013
G. Usury Law

Cases:

Catholic Vicar Apostolic v. CA, 165 SCRA 515 (1988)

Republic v. Bagtas, 6 SCRA 262 (1962)
Saura Import & Export v. DBP (1972)
Herrera v. Petrophil Corp., 146 SCRA 385
Integrated Realty Corp v. PNB, 174 SCRA 295 (1989)
Republic v. CA, 146 SCRA 15 (1986) Quintos v. Beck, 69 Phil 108 (1939)
Republic v. Grijaldo, 15 SCRA 638 (L20240, Dec. 31, 1965)
PNB v. CA and Padilla, 196b SCRA 536 (1991)
PNB v. CA and Fernandez, 238 SCRA 80 (1994)
Florendo v. CA, 265 SCRA 678 (1996)

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 Guingona v. City Fiscal, G.R. No. L-60033 (1984)
New Sampaguita Builders v. PNB G.R. No. 148325 (2007)
Siga-an v. Villanueva, G.R. No. 173227 (2009)

III. DEPOSIT

Arts. 1962 to 2004 NCC

Act No. 2137, Warehouse Receipts Law
Act No. 3893, Bonded Warehouse Act PD NO. 115, Trust Receipts Law

A. Definition
B. Kinds of Deposit
C. Nature/Characteristics
D. Subject Matter
E. Rights & Obligations of Depositor and Depositary
F. Modes of Extinguishment

Cases:

Vintola v. IBAA, 150 SCRA 578, G.R. No. 73721 (1987)

BPI v. CA, 232 SCRA 302 (1994) Serrano v. CB, 96 SCRA 96 (1980)
Consolidated Terminals v. Artex Development Co., 63 SCRA 46 (1975)
BPI v. IAC, 164 SCRA 630 (1988)
Roman Catholic Bishop v. de la Pena, 26 Phil 144 (1913)

IV. GUARANTY

Arts. 2047 to 2084 NCC

A. Definition
B. Nature/Characteristics/Extent
C. Effects of Guaranty
1. Between the Guarantor and the Creditor
2. Between the Guarantor and the Debtor
3. Between Co-Guarantors
D. Modes of Extinguishment

Cases:

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 Imperial Insurance, Inc. v. De los Angeles, 111 SCRA 24 (1982)
RCBC v. Arro, 115 SCRA 777 (1982)
Southern Motors, Inc. v. Barbosa, 99 Phil 263 (1956)
Central Surety and Insurance v. Ubay, 135 SCRA 58 (1985)
Associated Insurance & Surety Co., Inc. v. Bacolod, 105 Phil 246 (1959)

V. SURETYSHIP

Arts. 1207 to 1222 NCC

A. Definition
B. Nature/Characteristics/Extent
C. Modes of Extinguishment

Cases:
Willex Plastic Industries v. CA G.R. No. 103066 (1996)
South City Homes v. BA Finance Corporation G.R. No. 135426 (2001)

VI. PROVISIONS COMMON TO PLEDGE AND MORTGAGE

Arts. 2085 to 2092, NCC

VII. PLEDGE

Arts. 2093 to 2123 NCC

A. Definition
B. Kinds of Pledge
C. Characteristics of Pledge
D. Rights and Obligations of the Pledgor
E. Rights and Obligations of the Pledgee
F. Pactum Commissorium
G. Modes of Extinguishment

Cases:

Yuliongsiu v. PNB, 22 SCRA 585 (1968)

Manila Surety & Fidelity v. Velayo, 21 SCRA 515 (1967)

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VIII. CHATTEL MORTGAGE

Arts. 2140,2141, 1484, 1485 NCC

Act No. 1508, Chattel Mortgage Law (1906)

A. Definition
B. Characteristics
C. Extent of the Mortgage
D. Rights and Obligations of the Mortgagor
E. Rights and Obligations of the Mortgagee
F. Pactum Commissorium
G. Modes of Extinguishment

Cases:

Northern Motors, Inc. v. Coquia, 68 SCRA 374 (1975)

Makati Leasing and Finance Corp v. Wearever Textile, 122 SCRA 296 (19
83)

IX. REAL ESTATE MORTGAGE

Arts. 2124 to 2131 NCC

Rule 68, Rules of Court (Foreclosure)
Act. No. 3135, as amended by Act No. 4118 (Extrajudicial Foreclosure of
Mortgage)

A. Definition & Purpose

B.. Kinds of Real Estate Mortgage
C. Characteristics
D. Effects of mortgage
E. Rights and Obligations of the Mortgagor
F. Rights and Obligations of the Mortgagee
G. Rights and Obligations of the Purchaser
H. Modes of Extinguishment

Cases:

Bundalian v. CA, 129 SCRA 645 (1984)

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 Rosales v. Yboa, 120 SCRA 869 (1983)
Tioseco v. CA, 143 SCRA 705 (1986)
Dulay v. Cariaga, 123 SCRA 794 (1983) PNB v. CA, 140 SCRA 360 (1985)
DBP v. Mirang, 66 SCRA 141 (1975) Co v. PNB, 114 SCRA 842 (1982)
Alpha Insurance and Surety v. Reyes, 106 SCRA 274 (1981)
PNB v. Adil, 118 SCRA 110 (1982)
Ocampo v. Domalanta, 20 SCRA 1136 (1967)

IX. ANTICHRESIS

Arts. 2132-2139 NCC

A. Nature and Characteristics

B. Rights and Obligations of the Debtor and Creditor

X. Concurrence and Preference of Credit

Arts. 2236-2251 NCC

Art. 110 of the Labor Code

A. General Provisions
B. Classification of Credits
C. Order of Preference of Credits

Cases:

DBP v. NLRC G.R. No. 100264-81 (1993)

Republic v. Peralta G.R. No. L-56568 (1987)
AFP General Insurance v. Molino G.R. No. 151133 (2008)