Papers by Lance Morillo
The law which governs the organization, functions, and procedures of administrative agencies of t... more The law which governs the organization, functions, and procedures of administrative agencies of the government to which (quasi) legislative powers are delegated and (quasi) judicial powers are granted, and the extent and manner to which such agencies are subject to control by the courts. (1 Am. Jur. 2d 806; p. 2-3, De Leon, Administrative Law, 2013)
LANCE, 2021
ENVIRONMENTAL LAW REVIEWER
Lance Morillo, 2021
CONCEPT OF CREDIT TRANSACTION:-Credit transactions include all transactions involving the purchas... more CONCEPT OF CREDIT TRANSACTION:-Credit transactions include all transactions involving the purchase or loan of goods, services, or money in the present with a promise to pay or deliver in the future.-By the use of credit, more exchanges are possible, persons are able to enjoy a thing today but pay for it later, and through the banking system, actual money transfer is eliminated by cancellation of debts and credits. DEFINITION OF CREDIT:-Any loan, mortgage, deed of trust, advance, or discount; any conditional sales contract; any contract to sell, or sale or contract of sale of property or services, either for present or future delivery, under which part or all of the price is payable subsequent to the making of such sale or contract; any rental-purchase contract; any contract or arrangement for the hire, bailment, or leasing of property; any option, demand, lien, pledge, or other claim against, or for the delivery of, property or money; any purchase, or other acquisition of, or any credit upon the security of, any obligation of claim arising out of any of the foregoing; and any transaction or series of transactions having a similar purpose or effect. (Sec. 3(2), RA 3765
Book Reviews by Lance Morillo
General Principles and Income Tax
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Papers by Lance Morillo
Book Reviews by Lance Morillo