Other References Shall Be Allowed
Other References Shall Be Allowed
Other References Shall Be Allowed
SCHOOL OF LAW
Atty. Cherry Dane A. Farinas-Agustin
COURSE DESCRIPTION:
Credit transaction basically covers Articles 1933-2141 of the Civil Code
of the Philippines. It deals with the basic principles, rights and obligations of
the parties transactions involving credit including the accessory contracts; and
the modes of extinguishment of these transactions.
COURSE OBJECTIVES:
1. Understand the basic principles applicable to transactions involving credit;
2. Identify the rights and obligations of parties to these transactions;
3. Appreciate and apply these fundamental principles to actual business
transactions;
4. Encourage diligence and the observance of honesty and fair dealings at all
times.
REMINDER/S:
1. All cellular phones shall be switched to silent mode during class hours.
2. All requirements must be submitted on or before scheduled deadline.
3.
GRADING CRITERIA:
To be discussed
MIDTERM
FINAL
PRESCRIBED TEXTBOOK
LAW ON SALES, AGENCY AND CRDIT TRANSACTIONS
BY: Hector S. De Leon
TEACHING METHODS
A question-and-answer format will basically be employed to determine
whether the student read and understood the provisions of the law and the
decisions of the Supreme Court.
COURSE OUTLINE
I. Credit Transactions
A. Definition of Credit
B. Definition of Credit Transactions
C. Distinguished from Bailments, Secured Transactions
D. Scope of Credit Transactions
II. Loan
A. Definition
B. Kinds of Loan
1. Commodatum
2. Mutuum or Simple Loan
C. Nature/Characteristics
F. Modes of Extinguishment
III. Deposit
A. Definition
B. Kinds of Deposit
C. Nature/Characteristics
D. Subject Matter
F. Modes of Extinguishment
Arts. 2047-2084
A. Definition
Imperial Insurance, Inc. v. De los Angeles, 111 SCRA 24 (1982)
Machetti v. Hospicio de San Jose, 43 Phil 297 (1922)
Castellvi v. Sellner, 41 Phil 142 (1920)
B. Nature/Characteristics/Extent
C. Effects of Guaranty
D. Modes of Extinguishment
Arts. 2085-2092
Rural Bank of Caloocan, Inc. v. CA, 104 SCRA 151 (1981)
Vda. De Bautista v. Marcos, 3 SCRA 434 (1961)
Dayrit v. CA, 36 SCRA 549 (1970)
VI. Pledge
Arts. 2093-2123 NCC
A. In general
B. Essential Requisites
Formal Requisite
[Creditor]
Indivisibility of Pledge
E. Modes of Extinguishment
Arts. 2140-2141,
1484-1485 NCC
Act No. 1508, Chattel Mortgage Law (1906)
Art. 319, RPC
A. In general
B. Essential Requisites
Formal Requisite;
[Creditor]
Indivisibility of Mortgage
Northern Motors, Inc. v. Coquia, 68 SCRA 374 (1975)
E. Modes of Extinguishment
A. In general
B. Essential Requisites
Formal Requisite
[Creditor/Junior Mortgagee]
Indivisibility of Mortgage
Foreclosure
DBP v. Mirang, 66 SCRA 141 (1975)
Co v. PNB, 114 SCRA 842 (1982)
Alpha Insurance and Surety v. Reyes, 106 SCRA 274 (1981)
F. Modes of Extinguishment
IX. Antichresis
Arts. 2132-2139 NCC
A. General Provisions
B. Classification of Credits