UNIVERSITY OF CEBU College of Law COURSE OUTLINE JD 216 Credit Transactions I.

Recap of Pertinent Provisions of Obligations and Contracts - Salient Provisions on Obligations - Salient Provisions on Contracts - Concept of legal delay II. Introduction A. Scope and Coverage Arts. 1933-2009,, 2047-2141,2236-2251 and other relevant provisions of the New Civil Code Chattel Mortgage Law Act No. 3135 ( An Act to Regulate the Sale of Property under Special Powers Inserted in or Annexed to Real Estate Mortgages) Land Registration Law Rule 68 of the Revised Rules of Court Insolvency Laws including RA 10142 - FRIA "Financial Rehabilitation and Insolvency Act (FRIA) of
2010"

Other Relevant Laws

B. Origins of Credit ( Trace the origins and history of credit) -To be asked next meeting. III. General Provisions A. Definition of Credit or Security Transactions B. Concept of a Bailment and Parties to a Bailment Contract C. Different Kinds of Bailment Contracts D. Loan in General Characteristics Case : 1) People of the Philippines vs. Concepcion - G.R. No. L19190, November 29, 1922 (en banc case) IV. Principal Contracts of Credit A. LOAN

Kinds of Loan 1. Commodatum a) Characteristics

2) Republic vs. Bagtas G.R. No. L-17474, October 25, 1962 (en banc case)

b) Obligations of Bailor and Bailee c) Extinguishment 3) Quintos vs. Beck G.R. No. L-46240 November 3, 1939 (en banc case) 4) Catholic Catholic Vicar Apostolic of the Mountain Province vs. Court of Appeals G.R. No. 80294 March 23, 1990 (165 SCRA 515) 2. Simple Loan or Mutuum a) Characteristics and distinction with lease

5) Consolidated Bank and Trust Corporationvs. CA, GRN 114286, 19 April 2001 (356 SCRA 671) 6) Gopoco Grocery & Pacific Coast Biscuit Co. G.R. Nos. L-43697 and L-442200, Mar 31, 1938, 65 Phils., 443 (en banc case)

b) Obligations c) Rules on Interest Art. 1956 of the Civil Code Art. 1959 Art. 2209 Art.2212 d) Central Bank Circular No.416 -74 (July 29, 1974 ) July 29, 1974CBP CIRCULAR NO. 416-74 By virtue of the authority granted to it under Section 1 of Act No. 2655, as amended, otherwise known as the"Usury Law", the Monetary Board, in its Resolution No. 1622 dated July 29, 1974, has prescribed t hat therate of interest for the loan or forbearance of any money, goods credits and the rate allowed in judgments,in the absence of express contract as to such rate of interest, shall be twelve per cent (12%) per annum. This Circular shall take effect immediately. (SGD.) G. S.LICAROS BSP Governor 7) Francisco vs. Gregorio, 115 SCRA 394

or

8) State Investment House vs. CA, G.R. No. 90676 June 19, 1991,
198 SCRA 390 9 ) Eastern Shipping Lines, Inc. vs. CA, G.R. No. 97412 July 12, 1994 (234 SCRA 78) en banc case 10) Ruiz vs. Caneba, G.R. No. 84884 : December 3, 1990.] 191 SCRA 865 11) Pilipinas Bank vs. Court of Appeals, G.R. No. 97873 August 12, 1993 225 SCRA 268 12) Reformina vs. Tomol, G.R. No. L-59096 October 11, 1985, 139 SCRA (en banc) 13 The Overseas Bank of Manila vs. CA & Tapia, G.R. No. L-49353 June 11, 1981, 105 SCRA 49 14) The Overseas Bank of Manila vs. Cordero, G.R. No. L-33582 March 30, 1982, 113 SCRA 303 15) Ramos vs. Central Bank, GR. No. 42108 December 29, 1989 137 SCRA 685

16) Tio Khe Chio vs. CA,, G.R. No. 76101-02 September 30, 1991, 189 SCRA 390 17) GSIS VS. Court of Appeals, G.R. No. 103590 January 29, 1993 (218 SCRA 233) 18) A. C. Enterprises, Inc. vs. Construction Industry Arbitration Commission (CIAC), G.R. No. 101444 May 9, 1995 (244 SCRA 55) en banc case

e) Truth in Lending Act - Republic Act No. 3765 19) UCPB vs. Spouses Beluso, 530 SCRA 567, G.R. No. 159912, Aug. 17, 2007 f) Escalation Clause

20) Insular Bank of Asia and America Vs. Spouses Salazar, (159 SCRA 133) 21) Banco FilipinoSavings & Mortgage Bank vs. Navarro, 152 SCRA 346 22) PNB vs. CA, 196 SCRA, 535 23) Llorin vs. CA, (218 SCRA 436) 24) PNB vs. CA, (258 SCRA 549)

g) Currency Art. 1249 NCC, RA 529 RA 8183 25) DBP vs.CA, GRN. 138703, June 30, 2006, 494 SCRA 25

h) Penalties Art. 2226-2228, New Civil Code 26) Geneza vs. Henry Sy, 5SCRA 754

i) Inflation/Deflation Art. 1250 NCC 27) Nicolas v. Matia, 97 Phil. 795 28) Ang Lam vs. Peregrina, 92 PHisl 506 j) Usury CB Circular No. 905 PD 1684 Act No. 2655 B. DEPOSIT 29) Liam Lao vs. Olympic Sawmill, 129 SCRA 439 30) First Metro Corp. vs. Este del Sol, 369 SCRA 99 31) Verdejo vs. CA, 157SCRA 743 32) Imperial v. Juacian, 427SCRA 517 33) Macalinao vs. BPI, GRN. 175490, Sept 17, 2009