COR JESU COLLEGE A Catholic School Administered by the Brothers of the Sacred Heart that aims to fully transform

and draw out the best of a person witnessing the compassionate love of God. Course Outline Credit Transactions Part One Loan (1933-1961) Contract of Loan, concept, kinds 1933 Commodatum Mutuum Loan vs. Credit: Loan vs. Discounting of Papers People vs. Conception 44 Phil 126 Commodatum vs. Mutuum Naguiat vs. CA October 3, 2003 Essentiality of Delivery Commodatum Producers vs. CA February 19, 2003 Obligations of the Bailee 1941-1945 Catholic Vicar vs. CA 165 SCRA 515 Obligations of the Bailor 1946-1951 Mutuum vs. Simple Loan 1953-1961 Act No. 2655, The Usury Law, as amended; Resolution No. 224 of the Central Bank of the Philippines In general Tolentino vs. Gonzales 50 Phil 558 US vs. Diaz 42 Phil 766 Verdejo vs. CA 157 SCRA 743 Establishing usury US vs. Tan 39 Phil 552 Verzosa vs. Bucag, 97 Phil 996 When usury law is inapplicable Rental in a lease contract Herrera vs. Petrophil 146 SCRA 385 Vda de Pamintuan vs. Tiglao 53 Phil 1 Bona fide sale US vs. Constantino, Tan 39 Phil 552 Increase in purchase price resulting from sale on credit Sun Bros vs. Caluntad 16 SCRA 895 Bona fide pacto de retro sale Interest Concept Rono vs. Gomez 83 Phil 890 Kinds Simple - 2209 Compound 1959, 2212, Sec. 5 The Usury Law Villaruel vs. Alvayda Legal De Lima vs. Laguna 160 SCRA 70 PAL vs. CA 275 SCRA 621 Korean Airlines vs. CA 234 SCRA 717 Lawful Sec. 2 and 3, The Usury Law Unlawful - Sec. 2 and 3, The Usury Law Food Terminal vs. CA 262 SCRA 339 PNB vs. CA 263 SCRA 628 Villoria vs. CA 123 SCRA 259 Pilipinas Bank vs. CA 225 SCRA 268 Nakpil vs. CA 160 SCRA 334 Eastern vs. CA 332 SCRA 73 Sangrador vs. Villarama 168 SCRA 215 Medel vs. CA 299 SCRA 481 Escalation Clause Sec 7, The Usury Law Florendo vs. CA 265 SCRA 67849 Mendoza vs. CA June 25, 2001 PNB vs. CA 258 SCRA 5

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Penalties Insular Bank vs. Spouses Salazar 159 SCRA 133 GSIS vs. CA 145 SCRA 311 Attorneys Fees Andreas vs. Green 48 Phil 463 Umali vs. Miclat 105 Phil 1109 Right to recover usurious interest Sec 6 , The Usury Law Go Chiocou vs. Martinez 45 Phil. 256 Angel vs. Chelda 23 SCRA 119 Sanchez vs. Buenviaje 126 SCRA 208 Garcia vs. Matias 39 Phil 257 Vda. De Pamintuan vs. Tiglao 53 Phil 1 Criminal action for usury Ramos vs. Buyson 63 Phil 215 People vs. Hodges 66 Phil 291 PART TWO Guaranty and Suretyship (2047 2084) Concept 2047 Guaranty vs. Suretyship 2047, 2nd Paragraph Agro vs. CA 348 SCRA 450 Palmares vs. CA 288 SCRA 422 People vs. Maniego 148 SCRA 30 Towers vs. Ororama 80 SCRA 262 Machetti vs. Hospicio 43 Phil 297 Nature and Extent of Guaranty 2048-2057 RCBC vs. Cerro 115 SCRA 777 Fortune vs. CA 267 SCRA 653 Atok vs. CA 2222 SCRA 232 BA Finance vs. CA 211 SCRA 112 PNB vs. CA 198 SCRA vs. 767 Willex vs. CA 256 SCRA 478 Security vs. Cuenca 341 SCRA 781 RP vs. Palfox 43 SCRA 365 Effects of Guaranty 2076-2081 Between the guarantor and creditor Wise vs. Tanglao 63 Phil 372 Southern vs. Barbosa 99 Phil 263 Prudential vs. IAC 216 SCRA 257 Imperial vs. Delos Angeles 111 SCRA 257 Saavedra vs. Price 68 Phil 699 Vda de Syquia vs. Jacinto 60 Phil 861 Malayan vs. Salas 90 SCRA 252 Between debtor and guarantor - 2066-2072 Tuason vs. Machuca 46 Phil 561 Between co-guarantors Extinguishment of guaranty Mc Conn vs, Associated 4 SCRA 251 Security Bank vs. Cuenca 341 SCRA 781 NASSCO vs. Torrento 20 SCRA 427 PNB vs. CA 147 SCRA 273 PNB vs. Macapanga 99 Phil 180 National Bank vs. Escueta 50 Phil 991 Radio Corp vs. Roa 62 Phil 112 Zobel vs. CA 290 SCRA 1 Legal and judicial bonds 2082 2084 PART THREE Pledge (2085-2123) Concept 2094-2095, 2098,2087,2103 1 Paragraph Essential requisites of a contract of pledge -2085, 2093, 2096 Vda. De Bautista vs. Marcos 3 SCRA 434 Cavite vs. Lim 324 SCRA 346 General Insurance vs. Masakayan 54 SCRA 120
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PNB vs. Rocha 55 Phil 497 PNB vs. CA 98 SCRA 207 Buiser vs. Cabrera 81 Phil. 669 McMicking vs. Martinez 15 Phil 204 Caltex vs. CA 212 SCRA 448 Nature of the contract of pledge 2087-2092 Guanzon vs. Argel 33 SCRA 374 Francisco Realty vs. CA - 298 SCRA 349 Uy Tong vs. CA 161 SCRA 383 Agricultural vs. Tambunting 73 Phil 555 What may be pledged 2094, 2095 Rights and obligations of the creditor/pledge 2099, 2100, 2102-2104, 2106, 2108-2109 Rights and obligations of the creditor/pledge 2097, 2101, 2103, 2105, 2107 Cruz vs. Serrano 54 Phil 10 Extinguishment of Pledge 2110-2111 In case the pledgor fails to satisfy credit 2112 Sale of pledge 2113-2117, 2122 Manila vs. Velayo 21 SCRA 515 Pawnshops 2123, Pawnshop Regulation Act Definition of terms 3 Pawner Pawnee Pawn Pawn Ticket Property Registration and licensing - 5 Capitalization - 7 Citizenship requirement - 8 Amount of loan - 9 Redemption - 13 Disposition of pawn in case of default -14 Public Auction 15 PART FOUR Chattel Mortgage (2140 2141, The Chattel Mortgage Law, Act 1508) Concept 2140, Sec. 3 Act 1508 (repealed) Requisites - 2140, Sec. 4 Act 1508 (repealed), 2085, 2088-2089 Northern vs. Coquia 68 SCRA 374 Allied vs. Salas 168 SCRA 414 Cebu vs. CA 268 SCRA 178 Chattel mortgage vs. Pledge Ablaza vs. Ignacio 103 Phil 1151 Subject matter of chattel mortgage 2140, Sec. 7 paragraph 4 Act 1508 Monserrat vs. Ceron 58 Phil 469 Davao vs. Castillo 44 Phil 933 PRC vs. Jarque 61 Phil 229 Montoya vs. Ignacio 94 Phil 182 Luna vs. Encarnacion 91 Phil 531 Piansay vs. David 12 SCRA 227 Makati vs. Weaver 122 SCRA 296 Tolentino vs. Baltazar 1 SCRA 822 Peoples vs. Dahican 26 SCRA 84 Saldana vs. Phil 106 Phil 919 Procedure in case of breach of condition Redemption Sec 13, Act 1508 Right of mortgage to possession Bataan vs. Dy Pac 43 SCRA 450 Agustin vs. CA 271 SCRA 457 BA vs. CA 258 SCRA 102 Sale of subject matter Public Sale Sec. 14 Act 1508 Esguerra vs. CA 173 SCRA 1 PAMECA vs. CA 310 SCRA 281 Private Sale PNB vs. Manila 34 SCRA 462

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Right to mortgagee to recover deficiency In general Bicol vs. Guinhawa 188 SCRA 642 DBP vs. Tolentino 101 SCRA 1 When chattel mortgage secures purchase of personal property in instalments 1484 Criminal offenses involving chattel mortgage Art. 319 of RPC Peole vs. Chupeco 10 SCRA 640 US vs. Kilayko 32 Phil 61 PART FIVE Real Mortgage (2134-2131) Concept Requisites 2085-2092, 2125 Gaotian vs. Gaffud 24 SCRA 706 Hechanova vs. Adil 114 SCRA 450 Samanilla vs. Cajucom 107 Phil 791 Agricultural vs. Yusay 107 Phil 791 State Investment vs. CA 254 SCRA 398 Bonnevie vs. CA 125 SCRA 122 Cebu vs. CA 268 SCRA 178 DBP vs. CA 331 SCRA 267 Subject matter 2124, 2127 Nartales vs. GSIS 156 SCRA 205 Castro vs. CA 250 SCRA 661 Cu Unjiengs vs. Mabalacat 58 Phil 439 Cea vs. Villanueva 18 Phil 538 Phil Sugar vs. Campos 36 Phil 85 Mendoza vs. CA June 25, 2001 Quintinilla vs. CA 279 SCRA 397 Effects of Real Mortgage 2126, 2128-2131 Santiago vs. Dionisio 92 Phil 495 Isaguirre vs, de Lara 332 SCRA 803 Medida vs. CA 208 SCRA 887 Oronce vs. CA 298 SCRA 594 Casabuena vs. CA 286 SCRA 594 Delos Santos vs. CA 279 SCRA 118 Ramos vs. CA 157 SCRA 100 Litonjua vs. L & R 320 SCRA 405 Recovery of deficiency 1144 DBP vs. Mirang 66 SCRA 141 Tarnate vs. CA 241 SCRA 254 Redemption Concept Kinds Equity of redemption Sec 3, Rule 68 Rules of Court Top Rate vs. IAC 142 SCRA 467 Huerta vs. CA 339 SCRA 534 Right of redemption Sec. 6 3135 Sta. Ignacia vs. CA 230 SCRA 513 State vs. CA 215 SCRA 734 Bernardez vs. Reyes 201 SCRA 648 Requisites for a valid redemption Sec. 28, Rule 39 of the Rules of Court, Sec. 6, 3135 Rosales vs. Yboa 120 SCRA 869 Reyes vs. Delos Santos 50 SCRA 431 Bodiongan vs. CA 248 SCRA 496 PNB vs. CA 140 SCRA 360 Flores vs. Lim 50 Phil 738 Persons entitled to redeem Sec. 29, Rule 39 Rules of Court De Castro vs. IAC 165 SCRA 654 Sy vs. CA 172 SCRA 125 Villanueva vs. Malaya 330 SCRA 278 Tibajia vs. CA 193 SCRA 581 PART SIX Antichresis (2132-2139) Concept 2132, 2138 Dizon vs. Gaborro 83 SCRA 680

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Form 2134 Obligations of the creditor 2135-2137 Rosales vs. Tanseco 90 Phil 496 Macapinlac vs. Gutierrez 43 Phil 770 PART SEVEN Deposit ( 1962-2009) Concept 1962 BPI vs. IAC 164 SCRA 630 Nature 1965, 1967 Subject Matter 1966 Form 1969 Kinds Judicial 2005-2008 Extrajudicial 1967 Voluntary 1968-1995 Necessary 1996-2004 The Warehouse Receipts Law, Act No. 2137, as amended Who may issue receipts 1 Form of receipts, essential terms 2 Non-negotiable vs. Negotiable receipt 4,5 Obligation to deliver 8 Liability for misdelivery 10 In case of adverse claimants 17 PART EIGHT Concurrence and Preference of Credits (2236-2251) Concurrence vs. Preference of Credits Molina vs. Somes 31 Phil 76 DBP vs. NLRC 183 SCRA 328 Liability of debtors property 2236-2239 Exempt properties 2238, 2240, 152-155 Family Code, Sec 13, Rule 139; Sec 118 The Public Land Act Vda de Tan Toco vs. Municipal Council of Iloilo 49 Phil 52 Classification of credits Special preferred credits 2241-2243; 2246-2249 Uy vs. Zamora 13 SCRA 508 Carried Lumber vs ACCFA 63 SCRA 411 J.L. Bernardo vs. CA 324 SCRA 476 PS Bank vs. Lantin - 124 SCRA 476 Ordinary preferred credits 2244, 2250-2251 DBP vs. NLRC 222 SCRA 264 DBP vs. NLRC 242 SCRA 59 Commissioner vs. NLRC 238 SCRA 42 Common credits 2245 Central Bank vs. CA 163 SCRA 482 Ong vs. CA 253 SCRA 105 The Insolvency Law, Act No. 1956, as amended Suspension of Payments 2-13 RCBC vs. IAC 320 SCRA 279 Rubberworld vs. NLRC 305 SCRA 722 Voluntary Insolvency 14-19 Phil Trust vs. National Bank 42 Phil 413 In re estate of Mindanao Motor 57 SCRA 99 Involuntary Insolvency 20-28 State vs. Citibank 203 SCRA 9 De Coya vs. Tan - 53 Phil 153 PART NINE Related Special Laws Truth in Lending Act (R.A. 3765, as amended) Lending Company Regulation Act of 2007 (R.A. 9474) Access Devices Regulation Act of 1998 (R.A. 8484) PART TEN Miscellaneous Topics Letters of Credit Equitable Mortgage

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