COURSE GUIDE ON CREDIT TRANSACTIONS WITH GRADING SYSTEM

Course Code : JDBL212

Course Title : Credit Transactions
Credit : 3 Units
Time Allotment : 54 Hours
Professor : ATTY. ALVIN T. CLARIDADES
E-Mail Address: albinoski2005@yahoo.com Mobile Number: 09175792055 / 09325973383

1. COURSE DESCRIPTION
This course is designed to assist law students in acquiring a general knowledge of Credit Transactions. At the end of the term, the students are expected to have
a working know-how of the basic principles, policies, and remedies provided for under existing Philippine laws on credits, loans, interests, usury, deposits, and mortgages,
among others.
Specifically, the course syllabus is devised and planned in such a way as to enablethe students to:
• understand the basic legal and constitutional concepts that underpin Philippine credit transactions;
• appreciate the various credit transactions in the Philippines and understand the role of key government agencies and other actors in the development of these
systems;
• acquire knowledge on specific issues concerning the implementation of civil law provisions on credits, loans, interests, deposits, security transactions, guaranty,
pledge, mortgage, letters of credit as well as relevant special laws.
2. COURSE AND LEARNING OUTCOMES
Upon completion of this course, the students must be able to:
• demonstrate an understanding of the major laws and rules on credit transactions;
• exhibit an understanding of the terminology, concepts, cases, and principles in credit and security transactions and other related commercial dealings;
 • know the application of the laws and rules relating to the subject such as, inter alia,the Warehouse Receipts Law, the Bonded Warehouse Act, Arts. 1962-2009,
2168,1754 of the Civil Code, the Trust Receipts Law, Mortgage laws, and the Personal Property Security Act (RA 11057), among others.
3. LEARNING PLAN
LO Week Topics Activities Resources Assessment Tools
LO1 1 1. Credit and Debt Distinguished Submission of Case Library Grading of submitted
2. Credit Transactions Digests Online Computer/Internet Case Digests
a) Secured transactions or contracts of real security
Group/Individual Report, Books/Case Laws Graded recitation
b) Unsecured transactions or contracts of personal security Lecture
c) Kinds of Credit transactions
d) Security Oral Recitation, Canvas
e) Bailment Discussion, Quiz
f) Parties to a bailment
g) Kinds of Contractual Bailment
i. Gratuitous Bailments
ii. Mandatum
iii. Mutual-Benefit Bailments
iv. Bailments for hire
 Hire of things
 Hire of service
 Hire for carriage of goods
 Hire of custody
o People v. Concepcion, G.R. No. L-19190. November 29, 1922, 44 Phil 126
h) Loan v. Discount
3. General Provisions on Loan, Articles 1156, 1305, 1306, 1933 and 1934, Civil Code
a) Characteristics of Loan
b) Cause or consideration
c) Kinds of Loan
i. Commodatum
ii. Simple loan or mutuum
o Yam v. Malik, G.R. No. L50550-52 October 31, 1979, 94 SCRA 30
d) Consumable (Art. 418)
 e) Kinds of Commodatum
I. Ordinary commodatum (Art. 1933)
II. Precarium – (Art. 1947)
o Pajuyo v. CA, G.R. No. 146364 June 3, 2004, 430 SCRA 492
4. Commodatum, Articles 1935 to 1952, Civil Code
a. Compensation
b. Purpose in commodatum
c. Subject matter
d. Death of a party
e. Use of thing by bailee’s household allowed; exception
f. Extent of right of use
g. When bailee is liable
h. Effect of adverse possession
i. Right recognized
j. Obligation to respect duration of loan
k. Precarium
l. Obligation to refund extraordinary expenses
m. No obligation to assume all other expenses
n. Liability to pay damages for known hidden flaws
o. Requisites:
p. No right of abandonment for expenses and damages

5. Simple Loan, Articles 1953 to 1955, 1980

a. Obligation to pay
b. Fungible things
c. Distinction between consumability and fungibility
d. Commodatum vs Mutuum v. Barter

LO2 2 e. Form of payment Submission of Case Library Grading of

i. Loan of money Digests Online submitted
Computer/ Case Digests
ii. Loan of a fungible thing
Group/Individual Internet
o Angel Jose Warehousin g Co., Inc. v. Chelda Enterprises, G.R. No. L25704 April Report, Lecture Graded
 24, 1968, 23 SCRA 119 Books/Case Laws recitation
f. Relation between bank and depositor Oral Recitation, Canvas
i. Contract of loan Discussion, Quiz
ii. Creditor - debtor relationship
o Gullas v. PNB, G.R. No. L43191. November 13, 1935
o Republic v. Bagtas, G.R. No. L17474. October 25, 1962, 6 SCRA 262
g. Contract of commodatum essentially gratuitous
o Producers Bank of the Phils. v. CA, G.R. No. 115324, February 19, 2003
o Garcia v. Thio, G.R. No. 154878, March 16, 2007
o Pajuyo v. CA, G.R. No. 146364, June 3, 2004
h. Obligation to deliver or to return the thing
o Quintos v. Beck, G.R. No. L46240. November 3, 1939, 69 Phil. 108
o Saura Import & Export Co., Inc. v. DBP, G.R. No. L-24968 April 27, 1972, 44 SCRA 445
i. Mutual desistance by both parties precludes the recovery of damages for the breach of the
promise to loan
o BPI Investment Corporation v. CA, G.R. No. 133632, February 15, 2002
j. Loan contract not a consensual contract but a real contract.
k. Perfected consensual contract can give rise to an action for damages of the borrower.
o People v. Puig & Porras, G.R. No. 173654-765, August 28, 2008
l. Relationship between banks and depositors one of creditor and debtor.
o BPI Family Bank v. Franco, G.R. No. 123498, November 23, 2007
m. Deposit of money in banks governed by the Civil Code provisions on simple loan or mutuum
o Pantaleon v. American Express International, Inc., G.R. No. 174269, August 25, 2010
n. Relationship between a credit card provider and its card holders is that of credit or debtor,
i. Requisite s of mora solvendi
ii. Requisite s of mora accipiendi
6. Interest, Articles 1956 to 1961, 2209, 2212, 2213, 1169 Civil Code, Central Bank Circular No. 416
Requisites for recovery of interest
o Tan v. Valdehueza, G.R. No. L-38745. August 6, 1975
a. Monetary interest
b. Compensatory interest
o Garcia v. Thio, G.R. NO. 154878. March 16, 2007
 c. Existence of stipulation to pay interest
o Soncuya v. Azarraga, G.R. No. L-43579. June 14, 1938
o CBP Circular No. 416-74, July 29, 1974
d. Liability for interest even in the absence of stipulation
o Eusebio Calderon v. People, G.R. No. 158495, October 21, 2004, 441 SCRA 137;
o Eastern Shipping Lines, Inc. v. CA, G.R. No. 97412, July 12, 1994, 234 SCRA 78;
o Garcia v. Thio, G.R. No. 154878, March 16, 2007
e. Interest accruing from unpaid interest
f. Liability for surcharges and penalties
g. Penalty not necessary preclusive of interest
LO3 3 h. Usurious contracts declared void Submission of Case Library Grading of
i. Form of contract not conclusive Digests Online submitted
Computer/ Case Digests
ii. Contract void only as to interest involved
Group/Individual Internet
iii. Right of debtor Report, Lecture Graded
i. interest rates are no longer subject to any ceiling Books/Case Laws recitation
o CB Circular No. 905 Oral Recitation, Canvas
o Silos v. PNB, G.R. No. 181045 July 2, 2014, 728 SCRA 617 Discussion, Quiz
j. Contracts disguised to cover usurious loans
o United States v. Constantino Tan Quingco Chua., G.R. No. 13708 January 29,
1919, 39 Phil., 552
k. Accrued interest shall not earn interest; exceptions
o Art. 2212
o Mambulao Lumber v. PNB, G.R. No. L-22973. January 30, 1968
l. Recovery of unstipulated interest paid
i. as in solutio indebiti (Art. 2154)
ii. as in natural obligations (Art. 1423)
m. Usury now legally non-existent.
o (Imperial v. Juacian)
o Frias v. San Diego-Sison, G.R. No. 155223, April 4, 2007
n. Simple loan may be gratuitous or with a stipulation to pay interest
o Ligutan v. CA, G.R. No. 138677, February 12, 2002
o. Penalty clause an accessory undertaking to assume greater liability on the part of an
 obligor in case of breach of an obligation
o GSIS v. CA, G.R. No. L-52478, October 30, 1986
p. Agreement upon a penalty apart from the interest allowed
o Eastern Shipping Lines v. CA, G.R. No. 97412, July 12, 1994
q. Two concepts on payment of interest
i. Interest for the use or loan or forbearance of money, goods or credit
r. Interest as damages for breach or default in payment of loan or forbearance of money,
goods, credit
s. If obligation NOT consisting of a loan or forbearance of money, goods or credit is breached,
e.g. obligation to give, to do, not to do,
t. If obligation cannot be established with reasonable certainty at time of demand
u. When judgment of court awarding money becomes final and executory
o Siga-an v. Villanueva, G.R. Siga-an v. 7. 8. Mutuum No. 173227, January 20, 2009

7. Concept of Deposit, Articles 1962 to 1967, Civil Code

a. Commodatum v. Mutuum v. Deposit
b. Kinds of deposit
i. Judicial
ii. Extrajudicial
iii. Voluntary
iv. Necessary
Rights and actions, being incorporeal, not susceptible of custody in the tangible sense that
deposit is understood

8. Voluntary Deposit, Articles 1968 to 1995, Civil Code

a. Obligation to keep the thing deposited and return it
b. Obligation not to transfer deposit
i. Liability for loss
ii. Exemption from liability
c. Obligation not to change the way of deposit
d. Obligation to collect interest on choses in action deposited
e. Contract for rent of safety deposit boxes
 o CA Agro Industrial Development Corp. v. CA, G.R. No. 90027 March 3, 1993, 219
SCRA 426
f. Obligation not to commingle things deposited if so stipulated
g. Obligation not to use unless authorized
h. Effect if permission to use is given
i. Irregular deposit v. Mutuum
j. Permission to use not presumed
LO4 4 k. Relation between bank and depositor Submission of Case Library Grading of
i. Contract of loan Digests Online submitted
Computer/ Case Digests
ii. Creditor-debtor relationship
Group/Individual Internet
o Guingona, Jr. v. City Fiscal of Manila, G.R. No. L60033. April 4, 1984 Report, Lecture Graded
o Integrated Realty v. PNB, G.R. No. L60705 June 28, 1989 Books/Case Laws recitation
l. Where the thing delivered is locked and sealed Oral Recitation, Canvas
m. Obligations of depositary Discussion, Quiz
n. When depositary justified to open
i. Presumed authority
ii. Necessity
o. Obligation to return products, accessories and accessions
p. Obligation to pay interest on sums converted to personal use
q. Where third person appears to be owner
r. Effect of failure of owner to claim within one month
s. Right of two or more depositors
t. Person to whom return must be made
u. Time of return
v. When depositary not obliged to return thing deposited
w. Right of depositary to return thing deposited
i. Deposit gratuitous
ii. Deposit for a valuable consideration
x. Liability for loss by force majeure or government order
y. Alienation in good faith by depositary’s heir
z. Obligation to pay expenses of preservation
i. Deposit gratuitous
 ii. Deposit for compensation
aa. Obligation to pay losses incurred due to character of thing deposited
bb. Depositary’s right of retention
cc. Causes for extinguishment
i. Return of the thing
ii. Novation
iii. Merger
iv. Expiration of the term
v. Fulfillment of a resolutory condition, etc.
dd. Effect of death or depositor or depositary
i. Deposit gratuitous
ii. Deposit for compensation
o Bank of the Philippine Islands v. Intermediat e Appellate Court, 164 SCRA 630
ee. Prohibited transaction
o Bishop of Jaro v. De la Pena, G.R. No. 6913. November 21, 1913, 26 Phil. 144
o Triple-V Food Services, Inc. v. Filipino Merchants Insurance Company, Inc., G.R.
No. 160544, February 21, 2005
ff. Deposit may be constituted even without any consideration
o CA Agro-Industrial Development v. CA, G.R. No. 90027, March 3, 1993. 219 SCRA 426

9. Necessary Deposit, Art. 1996 to 2004, Civil Code

a. When deposit is necessary
b. Necessary deposit in compliance with a legal obligation
c. Necessary deposit made on the occasion of any calamity
d. Deposit by travelers in hotels and inns
e. Extent of liability of keepers of hotels and inns
f. Terms explained
i. Travellers and guests
ii. Non-transients
iii. Hotel-keeper and inn-keeper
iv. Hotel
v. Inn
 vi. Motel
LO5 5 g. When hotelkeeper liable Submission of Case Library Grading of
h. When hotelkeeper not liable Digests Online submitted
Computer/ Case Digests
i. Exemption or diminution of liability
Group/Individual Internet
j. Hotelkeeper’s right to retain Report, Lecture Graded
o YHT Realty Corporation v. CA, GR. No. 126780, February 17, 2005 Books/Case Laws recitation
Oral Recitation, Canvas
10. Judicial Deposit Discussion, Quiz
a. When judicial deposit takes place
i. Attachment by sheriff (Rule 57)
ii. Receivership (Rule 59)
iii. Replevin or manual delivery (Rule 60)
b. Nature and purpose of judicial deposit
c. Obligation of depositary of sequestered property
d. Judicial and extrajudicial deposits distinguished
e. Applicable law
i. Preliminary attachment (Rule 57)
ii. Receivership (Rule 59)
iii. Replevin (Rule 60)
iv. Attachment in criminal cases (Rule 127)

11. Merchants and Commercial Transactions

12. Letters of Credit, Articles 567-572, Code of Commerce

o Transfield Philippines, Inc. v. Luzon Hydro Corporation Australia, et al., G.R. No.
446717, November 22, 2004

13. Trust Receipts Law

o Colinares & Veloso v. CA, G.R. No. 90828, September 5, 2000.

14. Truth in Lending Act

o United Coconut Planters Bank v. Samuel & Beluso, G.R. No. 159912, August 17, 2007
 15. The Usury Law
o United Alloy Phils. Corp. v. UCPB, G.R. No. 175949 January 30, 2017, 816 SCRA 70
a. Rate of interest no longer subject to any ceiling prescribed under the Usury Law
b. Legality of Central Bank Circular No. 905
c. Usury
d. Usury, purely a statutory creation
e. Elements of usury
o Herrera v. Petrophil Corp., G.R. No. L48349 December 29, 1986, 146 SCRA 385
f. Usury Law applies to loans and forbearances of money
g. Loan within the purview of the Usury Law is mutuum
h. Forbearance
o Federal Builders, Inc. v. Foundation Specialists, Inc., G.R. No. 194621 September 8,
2014, 734 SCRA 379
i. Purpose, theory and nature of the Usury Law
j. Construction of the law
k. Interest
l. Kinds of interest
i. Simple interest
ii. Compound interest
iii. Legal interest
iv. Lawful interest
v. Unlawful or usurious interest
m. Interest rates
i. Legal rate
ii. Loans secured in whole or in part by a mortgage
iii. Unsecured loan
n. Multi-tiered interest rates
o. Validity of stipulation to pay penalty in case obligation not fulfilled
p. Attorney’s fees to cover costs of collection not interest

LO 6 6 q. Where attorney’s fees stipulated excessive Submission of Case Library Grading of

o New Sampaguita Builders Const., Inc. v. PNB, G.R. No. 148753, July 30, 2004 Digests Online submitted
r. Determination of existence of usury Computer/ Case Digests
s. Usury Law not applicable in ordinary contracts when entered into in good faith Group/Individual Internet
Report, Lecture Graded
t. Effect where principal not absolutely payable
Books/Case Laws recitation
u. Interest that can be charged by a pawnshop Oral Recitation, Canvas
v. Dividing pawn in several fractions not allowed in order to earn higher interest Discussion, Quiz
w. When compound interest allowed
x. Demandability of compound interest
y. Right of creditor to charge advance interest
z. Borrower’s right to recover usurious interest paid Borrower’s right to recover costs and
attorney’s fees
aa. Right under the Civil Code
o Angel Jose Merchandising v. Chelda Ent., G.R. No. L25704. April 24, 1968
bb. Pari delicto not applicable in usury cases
cc. Where interest added to principal but not paid
dd. Mere clerical error in computation of interest not to render a contract void.
ee. Usurer’s right to recover principal loaned
ff. Usurer can recover the principal by judicial action
o Go Chioco v. Martinez, G.R. Nos. 19684 & 19685. October 17, 1923
gg. Creditor has no right to legal interest or damages
o PCIB v. Griño, G.R. No. L-27205. August 15, 1968
hh. Escalation clause in a loan agreement
o Almeda v. CA, G.R. No. 113412 April 17, 1996, 256 SCRA 292
ii. Interest to be based on the prevailing market rate valid as long as there is a reference rate
upon which to peg such variable interest rates
jj. Determination of interest where loan of money is payable in kind
kk. Effect of failure of defendant to make denial of usury under oath
ll. Presumptions and burden of proof
mm. Prescription of criminal action
o Ramos v. Buyson Lampa, G.R. No. 45151. July 24, 1936
o Carpo v. Chua & Dy Ng, G.R. Nos. 150773 & 153599, September 30, 2005
 16. The Warehouse Receipts Law and the General Bonded Warehouse Act
a. Scope of the law
b. Purpose of the law
c. Who may issue warehouse receipt
d. Warehouse
e. Warehouse receipt
o PNB v. Atendido, G.R. No. L-6342 January 26, 1954, 94 Phil. 254
f. Form and contents of the receipt
i. Location of warehouse
ii. Date of issue of receipt
iii. Consecutive number of receipt
iv. Person to whom goods are deliverable
v. Rate of storage charges
vi. Description of goods or packages
vii. Signature of warehouseman
viii. Warehouseman ’s ownership or interest in goods
ix. Statement of advances made and liabilities incurred
g. Effect or omission of any of the essential terms
o Gonzales v. Go Tiong and Luzon Surety, G.R. No. L11776. August 30, 1958
h. Terms that cannot be included in a warehouse receipt
LO7 7 i. Meaning if ―negotiable under the Act Submission of Case Library Grading of
j. Application Digests Online submitted
Computer/ Case Digests
k. Effect of failure to mark ―negotiable or ―non-negotiable
Group/Individual Internet
l. Negotiability of warehouse receipts enlarged Report, Lecture Graded
m. Construction of warehouse receipts Books/Case Laws recitation
n. Principal obligations of the warehouseman Oral Recitation, Canvas
o. Necessity of demand Discussion, Quiz
p. Offer to satisfy warehouseman’s lien
q. Offer to surrender and sign negotiable receipt
r. Lawful excuses for refusal to deliver goods
s. Persons to whom goods must be delivered
t. Cancellation of receipts on delivery of goods
u. Effects of alteration on liability of warehouseman
i. Alteration immaterial
ii. Alteration material
iii. Material alteration innocently made
iv. Material alteration fraudulently made
v. Liability of warehouseman in case of lost or destroyed receipts
w. Liability of warehouseman as to duplicate is only as to breach of this warranty
x. Warehouseman warranties
y. Ownership not a defense for refusal to deliver based on the doctrine of estoppel
z. Duty of warehouseman where there are several claimants
aa. Liability of warehouseman to rightful claimant
bb. Adverse title of third person not a defense for refusal to deliver
cc. Liability of warehouseman for non-existence or misdescription of goods
dd. Liability of warehouseman for loss due to lack of care
ee. Diligence of a good father of a family (Art. 1163)
ff. Commingling of deposited goods
gg. Attachment or levy of negotiable receipt
hh. Delivery of goods covered by an outstanding negotiable receipt
ii. Remedies of creditor or owner of negotiable receipt
jj. Extent of warehouseman’s lien
kk. Goods subject to lien
ll. Loss and waiver of lien upon goods
mm. Valid reasons for refusing to deliver goods
nn. Enforcement of warehouseman’s lien
oo. Effect of sale of goods
pp. Acts for which warehouseman is liable
qq. Negotiation of negotiable receipt
rr. Negotiation of negotiable receipt by indorsement
ss. Transfer of nonnegotiable receipt
tt. Advantages of a negotiable warehouse receipt
uu. Rights of person to whom receipt has been negotiated
vv. Rights of person to whom receipt has been transferred
 ww. Attachment of goods covered by receipt
i. Receipt non-negotiable
ii. Receipt negotiable
xx. Rights of transferee of a negotiable receipt
yy. Rule where receipt subsequently indorsed
zz. Ownership of goods covered by receipt negotiated or transferred
aaa. Warranties on sale of receipt
bbb. Liability of person negotiating or transferring receipt
ccc. Validity of negotiation as against real owner
i. Receipt acquired from owner’s agent
ii. Lost or stolen receipt
ddd. Effect of subsequent negotiation by seller
eee. Indorsee’s right superior to vendor’s lien
fff. Possession of goods by warehouseman
LO8 8 ggg. Offenses criminally punishable by the Act Secs. 50-55 Submission of Case Library Grading of
hhh. Ingredients of offense punished by Section 54 Digests Online submitted
Computer/ Case Digests
iii. Nature of criminal responsibility under Section 54
Group/Individual Internet
jjj. History and meaning of law merchant Report, Lecture Graded
o Philippine National Bank v. Se, et al., G.R. No. 119231, April 18, 1996 Books/Case Laws recitation
Oral Recitation, Canvas
17. Concept of Security Transactions Discussion, Quiz
a. Classification of security transactions
 Security in the broad sense
 Personal
 Real
 As to origin
 Conventional
 Legal
 Judicial
 As to consideration
 Gratuitous
 Onerous
  Single
 Double or sub-guaranty
 Definite
 Indefinite or simple

18. Guaranty, Articles 2047 to 2081, Civil Code

a. Definition of guaranty
b. Governing Law
c. Characteristics of the contract
i. Accessory
ii. Subsidiary and conditional
iii. Unilateral
iv. Requires that guarantor must be a person distinct from the debtor
d. Law applicable to contract of suretyship
o Autocorp. Group v. Intra Strata Assurance Corp., G.R. NO. 166662. June 27, 2008
e. Common law guaranty and suretyship
o Palmares v. CA, G.R. No. 126490 March 31, 1998, 288 SCRA 422
f. Nature of surety’s undertaking
i. Liability is contractual and accessory but direct
ii. Liability is limited by the terms of the contract
iii. Liability arises only if principal debtor is held liable
o People v. Maniego, G.R. No. L-30910 February 27, 1987
o Manila Railroad Co. v. Alvendia, G.R. No. L-22137. May 19, 1966
g. Guaranty v. Suretyship
h. Terminology used by the parties
o Reiss v. Memije, G.R. No. L-5447. March 1, 1910
i. Guaranty vs. Indorsement
j. Guaranty v. Warranty
k. Guaranty generally gratuitous
l. Cause of contract of guaranty
m. Married woman as guarantor
n. Guaranty undertaken without knowledge of debtor
 o. Guaranty by reason of origin
i. Judicial
ii. Legal
iii. Conventional
p. Double or subguaranty
q. Guaranty of voidable, unenforceable and natural obligations
i. Voidable
ii. Unenforceable
iii. Natural
9 Midterm Examination Library Checking and Grading
of Midterm
Computer/ Internet Examination Answer
Booklets
Books/Case Laws
Submission of
Midterm Grades

4. STUDENT’S OUTPUTS

As evidence of attaining the above learning outcomes, the student is required to do and submit the following during the indicated dates of the term.

Teaching-Learning Activities Assessment Tasks

MODULE 1 – LO1-LO4 Oral Recitations, Reports, Case Digests, Written Tests
MODULE 2 – LO5-LO8 Oral Recitations, Reports, Case Digests, Written Tests
MODULE 3 – LO9-LO12 Oral Recitations, Reports, Case Digests, Written Tests
MODULE 3 – LO9-LO12 Oral Recitations, Reports, Case Digests, Written Tests

5. COURSE REQUIREMENTS
(a) The student must regularly attend the class.
(b) Active participation in class discussion/oral recitation is required.
(c) Each student has to take and pass all formative (quizzes, written assignments, case digests, reports, etc.) and summative tests (midterm/final exams). Homework must be
submitted the next meeting.

6. GRADING SYSTEM
Rating periods. The students will be graded for two (2) periods within the semester (midterm and final rating periods) according to the following:

1. Class Attendance 15%

2. Participation in Class Discussion / Oral Recitation 15%
3. Individual Formative Tests, Homework, Case Digests 15%
4. Summative Examination (Midterm and Final Exams) 55%
TOTAL 100%

Final Grade. The students will be given their respective final grades based on their average grades (AGs) in the mid-grading period (1st half of the term) and in the final grading grade (2nd
half). The midterm rating has a weight of 45% and the final grading period accounts for 55% of the final grade.

COLLEGE OF LAW JD GRADING SYSTEM:

Number Percentage Equivalent Description

1.00 98 and above Excellent A
1.25 94 to <90
1.50 90 to <90 Superior
1.75 86 to <90
2.00 83 to <86 Very Good B
2.25 80 to <83
2.50 78 to <80 Good
2.75 76 to <78
3.00 75 to <76 Competent
5.00 Below 75 Faile

Prepared and submitted by: Approved by:

ATTY. ALVIN T. CLARIDADES DEAN GEMY LITO L. FESTIN