ene ear cnmnemmmranmmmnacaassamacccamaasssaaaa aaa Aquinas University COLLEGE OF LAW Legazpi City COURS! OUTLINE IN CREDIT TRANSACTIONS, Loan A. General Provisions (Articles 1933-1934) © Central Bank Circular No, 416, July 29, 1974 © Central Bank Circular No. 905, Dec. 10, 1982 © The Usury Law (Act No, 2655, as amended) © BPI Investment Corporation vs. Court of Appeals and ALS Management and Development Corporation, G.R. 133632, February 15, 2002 ver ; B. Commodatum . o RA8I183 © RA337, Sec. 80 (Gen, Banking Act) © RA 7394, Art. 137 (Consumer Act of the Philippines) 1. Nature of Commodatum (Arts. 1935-1940, New Civil Code) © Republic vs. Bagtas, G.R. No. L-17474, October 5, 1962 © Republic vs. CA, G.R. No. L-46145, November 26, 1986 © Manzano vs. Perez, Jr., 362 SCRA 430 2. Obligations of the Bailee (Arts. 1941-1945, New Civil Code) © Catholic Vicar Apostolic of the Mt. Prov. vs. Court of Appeals, G.R. No. L-80294-94, September 21, 1988 3. Obligations of the Bailor (Arts. 1946-1952, New Civil Code) © Colito T. Pajuyo vs. Court of Appeals, et. al.,G.R. No. 146364, June 3, 2004 © Quintos and Ansaldo vs. Beck, G.R. No. 46240, November 3, 1939 © Delos Santos vs. Jarra, 15 Phil 147 C. Simple Loan or Mutuum (Arts. 1952-1961, New Civil Code) © First Metro Investment Corporation vs. Este del Sol Mountain Reserve, Inc., et al., G.R. No. 141811, November 15, 2001 © BPI Investment Corporation vs. Court of Appeals and ALS Management and Development Corporation, G.R. No. 133632, February 15, 2002 ‘© Saura Import and Export, Co., Inc. 44 SCRA 445 © Tolentino ys. Gonzales, 50 Philj 558 © Naguiat vs. Gonzales, G.R. No. 118375, October 3, 2003 ° ° Republic vs. Grijaldo, G.R. No. L-20240, December 31, 1965 Cebu International Finance vs. CA, 316 SCRA 458 On Interest: © Jardenil vs, Salas, 73 Phil 626 * Cu Unijeng Hijos vs. Mabalacat Sugar Co., G.R. No. 32644, October 4, 1930 «Eastern Shipping Lines vs. CA, G.R. No. 97412, July 12, 194 © GSIS vs, CA, G.R. No. L-52478, October 30, 1986 I. Deposit 0 Act No. 2137 (The Warehouse Receipts Law) in General and its Different Kinds (Arts. 1962-1967, New Civil Code) A eosin cet vs, Intermediate Appellate Court, GR. No. -66826, August 19, 1988 © YHT Realty Corporation vs. CA, February 17, 2005 : Deposit (Arts. 1968-1971, New Civil Code) 7 & Wotantany Pos (a ligatons ofthe Depository (Ans. 1972-1991, New Civil Code) ‘© BPI vs. court of Appeals, G.R. No. 104612, May 10, 1994 © BPI vs. IAC, 164 SCRA 630 (1988) Page 1 of 4© CA Agro-Industrial Dev. Corp. vs. Court of Aj Is, G.R. Ne 90027, March 3, 1993 Pps Nos © Republic vs. Court of Appeals, G.R. No. L-25012, July 22, 1975 ° Tan Tiong Tick vs. American Apothecaries, G.R. No. 43682, March 31, 1938 © Roman Catholic Bishop of Jaro vs. dela Pena, 26 Phil 144 © Serrano vs, Central Bank (96 SCRA 96) © Guingona vs. City Fiscal of Manila (126 SCRA 577) © Fidelity Savings vs. Cenzon (184 SCRA 141) 2. Obligations of the Depositor (Arts. 1992-1995, New Civil Code) 3. Necessary Deposit (Arts. 1996-2004, New Civil Code) 4, Sequestration or Judicial Deposit (Arts. 2005-2009, New Civil Code) ‘© People vs. Montemayor, G.R. No. L-17449, August 30, 1962 © Delgado vs. Bonnevie, G.R. No. 7097, October 23, 1912 Other cases: + Chan vs. Maceda, April 30, 2003 - Javellana vs. Lim, August 24, 1908 I. Guaranty A. Nature and Extent of Guaranty (Arts. 2047-2057, New Civil Code) © Dino vs. Court of Appeals, G.R. No. 89775, November 26, 1992 Toeao vs. CA, October 4, 2000 Toh vs. Solidbank Co., August 7, 2003 International Finance Corp. vs. Imperial Textile Mills, November 15, 2005 ‘Ong vs. PCIB, G.R. No. 160466 0000 B. Effects of Guaranty 1. Between the Guarantor and the Creditor (Arts. 2058-2065, New Civil Code) © Prudential Bank vs. Intermediate Appellate Court, G.R. No. 74886, December 8, 1992 © Phil-Am Gen Ins. Co. vs. Ramos, G.R. No. L-20978, February 28, 1966 © Willex Plastic Industries vs. CA, April 25, 1996 © Baylon vs. CA, 312 SCRA 542 2. Between the Debtor and the Guarantor (Arts. 2066-2072, New Civil Code) Mercantile Insurance Co. vs. Ysmael, G.R. No. 43862, January 13, 1989 Gidwani vs. Domestic Insurance Co., G.R. No. L-31442, June 24, 1983 PNB vs. Luzon Surety Co., G.R. No. L-29587, November 28, 1975 Cochingyan vs. R and B Surety, 151SCRA 339 e000 3. Between Co-Guarantors (Arts. 2073-2075, New Civil Code) ‘© Inciong, Jr. vs. Court of Appeals (257 SCRA 578) C. Extinguishment of Guaranty (Arts. 2076-2081, New Civil Code) © E. Zobel Inc. vs. CA, G.R. No. 113931, May 6, 1998 © Tanedo vs. Allied Banking Corp., G.R. No. 136603, January 18, 2002 o SecurityBank and Trust Co., Inc. vs. Cuenca, G.R. No. 138544, October 3, 2000 inas Textile vs. CA, November 12, 2003 D. Legal and Judicial Bonds (Arts. 2082-2084, New Civil Code) a © Luzon Surety vs. Quebrar, G.R. No. L-40517, January 31, 1984 © Malayan Insurance vs. Salas, G.R. No. L-48820, May 25, 1979 IV. Pledge Page 2 of 4Cases: Arenas vs, Raymundo, G.R. No. LS741, March 31, 1911 Rural Bank of Caloocan vs. Court of Appeals. G.R.No, 1-3216, April 21, 1ORt Reyes vs. Sierra, G.R. No. L-28658, October 18, 1979 Francisco vs. Court of Appeals, 298 SCRA 349 Belo vs. PNB, 353 SCRA 850 Central Bank vs. Court of Appeals, G.R. No. L-4510, October 3, 1985 ‘Yuliungsui vs. PNB, 22 SCRA 585, Manila Surety vs. Velayo PNB vs. Atendido V. Mortgage (Arts. 2124-2131, New Civil Code) 1. Real Mortgage Act 3135, as amended At 496 PD 385, PD 892 PD 1529 RA 4882 Rule 68, Secs. 1-8, Rules of civil Procedure Rule 39, Secs. 27-34, Rules of Civil Procedure Frome pogs Cases: © Canlas vs. Court of Appeals, February 28, 2000 © Juanita P. Pineda, et al. vs. Court of Appeals, et al., G.R. No. 114172, August 25, 2003 Mojica vs. Court of Appeals, G.R. No. 94247, September 11, 1991 Santiago vs. Pioneer Savings and Loan Bank, G.R. No. 77502, January 15, 1988 Cruz vs. Bancom Finance Corp., 379 SCRA 490 Prudential Bank vs. Panis, G.R. No. L-50008, August 31, 1987 Bonnevie ys. Court of Appeals, G.R. No. L-49101, October 24,1983 Mobil Phil., Inc. vs. Diocares, G.R. No. L-26371, September 30, 1969 0° 0000 VI. Anticheris (Arts. 2132-2139, New Civil Code) a. Adrid vs. Morga, G.R. No. L-13299, July 25, 1960 b. Rosales vs. Tanseco, G.R. No. L-4135, November 29, 1951 c. Legaspi vs. Celestial, G.R. Nos. 43673 and 43674, October 24, 1938 d. Pando vs. Gimenez, 54 Phil 459 VII. Chattel Mortgage (Arts. 2140-2141, New Civil Code) ‘Act 1508, as amended PD 1521 (Ship Mortgage Decree of 1978) Arts, 367 & 319, Revised Penal Code Art. 1484, Civil Code PD 1529, Secs. 114-116, Property Registration Decree * Leung Yee vs. Strong Machinery Co., 37 Phil 644 Cera vs. Court of Appeals, 220 SCRA 517 Navarro vs. Pineda, G.R. No. L-18456, November 30, 1963 Tumalad vs. Vicencio, 41 SCRA 143 Torres vs. Limjap, 56 Phil 141 Pameca vs. CA, 310 SCRA 281 ‘Acme Shoe vs. CA, G.R. No. 103576, August 22, 1996 Superlines vs. ICC Northern Motors, Inc. vs. Coqui, G.R. No. L-40018, August 29, 1975 seege VIII. Concurrence and Preference of Credits Page 3 of 4A. General Provisions © Arts, 2236-2240, New . I Code Jan-Dee Construction Corp, vs. Court of Appeals, G.R. No. 146818, February 6, 2006 DBP vs. Minister of Labor, G.R, No. 75801, March 20, 199) B. Credits (Arts, 2241-2245, New Civil Code) © Atlantic Erectors, Inc, vs, Herbal Cove Realty Corp., G.R. No. 146568, March 20, 2003 © DBP vs, Labor Arbiter Santos, G.R. No. 78261-62, March &, 1089 © Manabat vs. Laguna Federation of FACOMAS, G.R. No, 1-23888, March 18, 1967 C. Order of P reference of Credits (Arts, 2246-225 1, New Civil Code) © Carried Lumber Co, vs. ACCKA, G.R. No, L-21836, April 22, 1975 © Philippine Savings Bank, vs. Lantin, G.R. No. L-33929 Page 4 of 4