Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
METROPOLI TANBANKAND TRUSTCOM OMPANY v s . BAFI NANCECORPOR ORATI ONandMALAYANI NSURANCECO. ,I NC. G. R.No.179952.Decemb mber4,2009.
FACTS: L amb er t oBi t a ng ao bt a i n edf r o mr e s po nd en tBA Fi n an c eCo r p or a t i o nal o an ,t os e c ur e hemor t gagedhi scart or espondentBA Fi nance.Bi t angahadt hemor t gagedcari nsur r e s po nd en tMa l a y a nI n s ur a nc e .T hec a rwa ss t o l e n.OnBi t a ng a ’ sc l a i m,Ma l a y a nI n s u i s s ue dac he c kp ay a bl et ot h eo r d ero f" B. A.Fi n an ceCo r p or a t i ona ndL amb er t oBi t a ng a" a ga i ns tCh i n a.Th ec h ec kwa sc r o ss e dwi t ht h en ot a t i o n" Fo rDe po si tPa y ee s ’Ac c ou n Wi t houtt hei ndor s ementoraut hor i t yofhi sc opa y eeBAFi nanc e,Bi t ang adepos i t edt he t oh i sa c c ou ntwi t ht h e As i a nb an k ,n ow me r g ed wi t hh er e i np et i t i o ne rMe Me t r o ba nk .B s u bs eq ue nt l y wi t h dr e wt h ee nt i r ep r o ce ed so ft h ec he ck .I nt h e me an t i me ,Bi t a ng a bec amepas tdue,butdes pi t edemands ,hef ai l edt os et t l ei t .BAFi nanc ee v ent ual l yl ea t h el o sso ft h ec a ra ndo fMa l a y anI n su r a nc e ’ si s s ua nc eo fac r o ss e dc he ckp ay a bl et o Bi t anga,andofBi t anga ’ sdepos i t i ngi ti nhi sac c ountatAs i anbankandwi t hdr awi ngt he p r o c ee dst h er e of .BAFi n an c et h er e up ond ema nd edt h ep ay me me nto ft h ev a l u eo ft h ec h e As i a nb an kb utt on oa v ai l ,p r o mp mp t i n gi tt ofi l eac o mp mp l ai n tb ef o r et h eRTCf o rs u mo fmo n damagesagai ns tAs i anbankand Bi t anga,al l egi ng t hat ,i nt era l i a,i ti sent i t l ed t ot he pr oc eedsoft hec hec k .Thet r i alc our t ,hol di ngt hatAs i anbankwasnegl i genti nal l o wi ngB t odepos i tt hec hec kt ohi sac c ountandt owi t hdr a wt hepr oc eedst her eof ,wi t houthi sc o BA Fi nanc e ha v i ng ei t heri ndor s ed i to raut hor i z ed hi mt oi ndor s ei ti ni t s behal f , As i a nbankandBi t ang aj oi nt l yands ev er al l yl i abl et oBA Fi nanc ef ol l owi ngSec t i on41 Nego t i abl eI ns t r ument sLaw .Theappel l at ec our t ,affir mi ngt het r i alc our t ’ sdec i s i on,h BAFi nanc ehasac aus eofac t i onagai ns t[ i t ]ev eni ft hes ubj ec tc hec khadno tbeendel i v e BAFi nanc eb yt hei s s ueri t s el f .Henc e,t hepr es entRe vi e w onCer t i or ar ifi l edb yMe t r ob whi c hAs i anbankwas ,asear l i ers t at ed,mer ged,f aul t i ngt heappel l at ec our t . I SSUE:WONt hepet i t i oneri sl i abl ef ort hef ul l v al ueoft hec hec k? HELD: Yes. Affir mi ng t he deci si on oft he CA,t he SC hel dt hatSect i on 41 oft he Negot I n s t r u me me nt s La wp r o v i de s :Wh er ea ni n s t r u me me nti spa y abl et ot h eo r d ero ft woo rmo r ep a i nd or s ee s whoa r en otp ar t n er s ,a l lmu s ti n do r s eu nl e sst h eo nei n do r s i ngh asa ut h o i ndor s ef ort heo t her s .Bi t ang aal oneendor s edt hec r os s edc hec k ,andpe t i t i oneral l o w depos i tandr el eas eoft hepr oc eeds t her eof ,des pi t et heabs enc eofaut hor i t yofBi t anga ’ scopa y eeBAFi nanc et oendor s e b eh al f .Th ep ay me me nto fa ni n s t r u me me nto v erami s s i n gi n do r s eme nti st h ee qu i v a l e n to fp a Sign up to vote on this title onaf or gedi ndor s ementoranunaut hor i z edi ndor s emen ti ni t s el fi nt hec as eofj oi ntp Useful Not useful Cl ear l y ,pe t i t i oner , t hr ough i t s empl o y ee,was neg l i gentwhen i ta l l o wed t he depos i to f c r os s edc hec k ,d es pi t et hel oneendor s ementofBi t anga ,o s t ens i bl yi gnor i ngt hef ac tt
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
demar cat i on l i ne can be dr awn bet ween whatmaybe consi der ed as a r easonabl e unr easonabl et i me, because “ r easonabl et i me” depends upon t he pecul i ar f act c i r c u ms t a nc esi ne ac hc a se .
Fa ct s : Pr i v a t er e s po nd en t sas k e dt h ep et i t i on ert oe x t e nda na c co mmo da t i o nl o ani nt h e P4 , 5 00 . 0 0.Re sp on de nt sd el i v e r e dt ot h ep et i t i o ne rac h ec kf o rP4 , 5 00 . 0 0,d r a wnb yD T at ,ands i gnedb yt hem att hebac kofs ai dc hec k ,wi t ht heas s ur anc et hataf t eronemon Sept ember13,1960,t hesai dcheckwoul dber edeemedbyt hem bypayi ngcashi nt he P4 , 5 00 . 0 0,o rt h es ai dc h ec kc anb epr e s en t e df o rp ay me nto no ri mme di a t e l yaf t e ro nem Pe t i t i o ne ra gr e edan de x t e nd edanac c ommo da t i o nl o an .Th ea f or e s ai dc he ckwa spr e se n p ay me ntt ot h eCh i n aBa nk i n gCo r p or a t i o n,b uts a i dc h ec kb ou nc e da ndwa sno tc a s he d b an k ,f o rt h er ea s ont h att h ec u r r e nta cc o un to ft h ed r a we rt h er e ofh ada l r e ad yb ee n Pe t i t i onerdemandedpa y mentbutt hel at t erf ai l eda ndr ef us edt opa yno t wi t hs t andi ngr e d ema nd s.Bo t hp r i v a t er e sp on de nt sr a i s edt h ed ef e ns et h atbo t hha v eb ee nwho l l ydi s c h b yd el a yi np r e s en t me nto ft h ec h ec kf o rp ay me nt . Th eL owe rCo ur tr u l e di nf a v o ro f pet i t i oner .Howev er ,t hi swasr ev er s edb yt heCAuponappeal b yt her es pondent s ,r ul i ng c h ec kwa sno tg i v e na sc o l l a t e r a lt og ua r an t e eal o ans ec ur e ds i n c et h ec h ec kpa s se dt o t h erh a nd sb ef o r er ea c hi ng t h ep et i t i o ne ra nd t h es ai dc he c k wa sn otp r e se nt e dw r eas onabl et i me.Henc et hi spet i t i on.Pe t i t i onerar guest hatpr es ent mentf orpa ymentand o fd i s h on ora r en otn ec e ss a r yaswh enf u nd sar ei n s uffic i e ntt ome etac he c k,t h ust h ed r l i abl e,whe t hers uc hpr es ent mentandno t i c ebet o t al l yomi t t edormer el ydel a y ed. I ssues: 1.Whet herornotpr esent mentf orpaymentcan be di spensed wi t h2.Whet hero p r e s en t me ntf o rp a y me nta ndn ot i c eo fd i s h on oro ft h eq ue s t i o ne dc h ec kwe r ema de r eas onabl et i me You're Reading a Preview He l d : 1 .No .Wh er et h ei n s t r u me nti sn otp ay a bl eonde ma nd ,p r e s en t me ntmu s tb ema deo full access with an free trial. d ayi tf al l sdu e.Wh er ei ti spa y ab l eUnlock o nd e ma nd ,p r e se t me ntmu s tb ema dewi t h i nar e as o t i meaf t eri s sue,ex c eptt hati nt hec as eofabi l lofe x change,pr es ent mentf orpa yment Download Free s u ffic i e nti fma de wi t hi nar e as on ab l et i meWith a f t e r t h eTrial l as tn eg ot i a t i o nt h er e of( Se c t Nego t i abl eI ns t r ument sL aw) . 2.No.I ti sob vi ousi nt hi scas et hatpr es ent mentandno t i c eofdi s honorwer eno tmadew r easonabl et i me.“ Reasonabl et i me”hasbeendefinedassomucht i measi snecessar yu t h ec i r c u ms t a nc e sf o ra r e as on abl ep r u de nta nd d i l i g en tma nt od o,c on v en i e nt l y ,w c ont r ac tordut yr equi r esshoul dbedone,hav i ngar egar df ort her i ght s ,andpos si bi l i t yof an y ,t ot heo t herpar t y( Ci t i z ens ’BankBl dg.v .L&E.Wer t hei r mer189S. W.361,362,1 3 8,An n.Ca s .1 91 7E,5 20 ) . No t i c ema ybegi v e na ss oo na st h ei n s t r u me nti sdi s ho no r e d;a ndu nl e ssde l a yi se x c us e begi v e nwi t hi nt het i mefi x edb yt hel a w( Sec t i on102,Nego t i abl eI ns t r ument sLa w) . Sign up to vote on this title I nt he i nst antcase,t he check i n quest i on was i ssue d on Sept ember13,1960,bu Useful Not useful p r e s en t e dt ot h ed r a we eb an ko nl yo nMa r c h5 ,1 96 4,a ndd i s h on o r e do nt h es a med at d i s ho no rb yt h ed r a weeb an k,af o r ma lno t i c eo fdi s ho no rwa sma deb yt h ep et i t i o ne rt h r
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
Pe t i t i onerWongwasanagentofLi mt ongPr es s ,I nc .( LPI ) ,amanuf ac t ur erofc al endar pr i nt i ngt hec al endar s ,L PIwoul ds hi pt hec al endar sdi r ec t l yt ot hec us t omer s .Ther eaf a ge nt s wo ul dc o me a r o un dt oc o l l e c tt h ep a y me nt s .Pe t i t i o ne r ,h o we v e r ,h a d ah i s t unr emi t t edc ol l ec t i ons ,whi c hhedul yac k no wl edgedi nac onfi r mat i onr ec ei p thec os i gn hi swi f e.Pe t i t i oneri s s ueds ev er alc hec k si nDec ember1985,i ni t i al l yt oguar ant eet hep ofunr emi t t edc ol l ec t i o ns ,ho we v er ,uponagr eementbe t weent hepar t i es ,t hec hec k s appl i ed t o unr emi t t ed c ol l ec t i ons .Bef or e mat ur i t y ,pet i t i onera dv i s ed nott o depos i tt h c hec k s ,butaf t erf ai l i ngt or epl ac et hem,r es pondentpr es ent edt hec hec konJ une1986 wasl at erondi s honor edb yr eas onof“ ac c ountc l os ed” .Ha vi ngf ai l edt opa y ,ac as eofv i ofBP 22wasfi l edagai ns tpe t i t i oner .Pe t i t i onerc o nt endst hathei sno tl i abl ebyr eas on del a yi npr es ent i ngt hec hec k s. I s sue:Wet herornott hepet i t i oneri sdi s char gedf r om t hel i abi l i t yont hes ai dc hec ksduet del a yi npr es ent ment ?
He l d :Un de rSe c t i o n1 86o ft h eNe go t i a bl eI n s t r u me nt sL aw,“ ac h ec kmu s tb ep r e s en t pa y ment wi t hi nar eas onabl et i meaf t eri t si s sueort hedr awerwi l lbedi s char gedf r om l i abi l i t yt he t hee x t entoft hel os sc aus edb yt hedel a y . ”Bycur r entbank i ngpr ac t i c e,ac hec kbec ome af t ermor et hans i x( 6)mont hsor180da y s .Pr i v a t er es pondenther ei ndepos i t edt hec hec k s days af t ert he dat e oft he check.Hence,sai d checks cannotbe consi der ed st I nt er nat i onal Cor por at e Bankvs .Sps.Fr anci sS.GuecoandMa.LuzE.Gueco
F ACTS:Gu ec os p ou s eso bt a i n edal o anf r o mI CBt op ur c h as eac a r .I nc o ns i d er a t i o nt You're Reading a Preview t hedebt or s execut ed PNs,and a chat t elmor t gage was made overt he car .The spo Unlock full access with ah free trial. d ef a ul t edi n pa y me nto ft h ei ro bl i g at i o nsw h e r e up o nt e ye nt e r e di n t oac omp r o mi s ea gr wi t ht h eb an k .Af t e rs o men eg ot i a t i o na ndc omp ut a t i o n,t h eyt e nd er edama na ge r ’ sc h Download Free Trial f a v oroft hebankbas edont her edu c edamouWith nt .No ne t h el es s ,t hec arwass t i l lde t ai ned s pous esr ef us edt os i gnt hej oi ntmo t i ont odi s mi s s .Bec aus eoft hi s ,t hes pous esfi l edan f o rr e c ov e r yo ft h ec a ra ndd ama ge sa gai n s tt h eb an k .Ast h er e su l to ft h ep r o ce ed i ma na ge r ’ sc h ec kt e nd er e dt ot h eb an kha db ec o mes t a l ei nt h eh an dso ft h eb an k . I s s ue:Whe t herorno tt hebanks hou l dbeart hel os sont hest al emanager ’ sc hec kasar t h ep r o ce ed i n gs . HELD:Fai l ur et opr es entf orpa ymentwi t hi nar eas onabl et i mewi l lr es ul tt ot hedi s c har ge dr aweronl yt ot heex t entoft hel os sc aus edbyt hedel ay .I tdoesnott ot al l ywi peoutal l I nf ac t ,t hel egals i t uat i onamount st oanac k nowl edgmentofl i abi l i t yi nt hes um s t at ed c h ec k .I nt h i sc as e,t h eGu ec os po us e sha v en ota l l e ge d,mu c hl e s ss h ownt h att he yort h e Sign up tos vote on this title whi chi ssuedt hemanager ’ scheckhassuffer eddamage or l os cau se db yt hedel ayo Useful Not useful pr es ent ment .Defi ni t el y ,t heor i gi nal obl i gat i ont opaycer t ai nl yhasn otbeener as ed
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
r ul i ngt hatt hec hec khaspas s edt hr oughot herhandsbef or er eac hi ngt hepet i t i onerandt c hec kwas n’ tpr es ent edwi t hi nr eas onabl et i meandaf t eri t si s s uanc e. HELD: Wh er et h ei n s t r u me nti sno tp a y ab l eo nd ema nd ,p r e s en t me ntmu s tb ema deo nt h ed ayi d ue .Wh er ei ti spa y a bl eo nd ema nd ,p r e s en t me ntmu s tb ema dewi t h i nar e as o na bl et i m i s s ue,e x c ep tt hati nc as eofabi l lofe x c hange,pr es ent mentf orpa y menti ss uffic i enti wi t h i nr e as on ab l et i me a f t e rt h el a s tn ego t i a t i o nt h er e of .No t i c e ma yb eg i v e na ss o o i ns t r u me nth asbe end i s ho no r e da ndu nl e s sd el a yi se x c us edmu s tb eg i v e nwi t h i nt h et i m b yl a w.I nt hi sc as e,pr es ent mentandno t i c eofdi s honorwer eno tmadewi t hi nr eas onabl e
Negotiable Instruments Case Digest SADAYA V. SEVILLA 19 SCRA 924 FACS! Sa"a#a$ Se%illa an" Varona signe" soli"aril# a &romissor# note in 'a%or o' t(e ban). Varona *as t(e one *(o re+ei%e" t(e &ro+ee"s o' t(e note. Sa"a#a an" Se%illa bot( signe" as +o,ma)ers to a++ommo Varona. (erea'ter$ t(e ban) +olle+te" 'rom Sa"a#a. Varona 'aile" to reimburse. Conse-uentl#$ Se "ie" an" intestate estate &ro+ee"ings *ere establis(e". Sa"a#a 'ile" a +re"itors +laim on (is estate 'o &a#ment (e ma"e on t(e note. (e a"ministrator resiste" t(e +laim on t(e groun" t(at Se%illa re+ei%e an# &ro+ee"s o' t(e loan. (e trial +ourt a"mitte" t(e +laim o' Sa"a#a t(oug( tis *as re%erse t(e CA. 0ELD! Sa"a#a +oul" (a%e soug(t reimbursement 'rom Varona$ *(i+( is rig(t an" ust as t(e latter *as t(e one *(o re+ei%e" %alue 'or t(e note ee+ute". (ere is an im&lie" +ontra+t o' in"emnit# bet*een Sa an" Varona u&on t(e 'ormers &a#ment o' t(e obligation to t(e ban). Surel# enoug($ t(e obligatio Varona an" Se%illa to Sa"a#a +annot be oint an" se%eral. For in"ee"$ (a" &a#ment been ma"e b# Va You're Reading a Preview Varona +oul"n/t (a" reason to see) reimbursement 'rom eit(er Sa"a#a or Se%illa. A'ter all$ t(e &ro+ee t(e loan *ent to Varona alone. 3n &rin+i&le$ a soli"ar# a++ommo"ation ma)er*(o ma"e &a#ment Unlock full access with a free trial. t(e rig(t to +ontribution$ 'rom (is +o,a++omo"ation ma)er$ in t(e absen+e o' agreement to t(e +on bet*een t(em$ sube+t to +on"itions im&ose" b# la*. (is rig(t s&rings 'rom an i m&lie" &romise to Free Trial e-uall# t(e bur"ens t(a# ma# ensue Download 'rom t(eir With (a%ing +onsente" to stam& t(eir signatures &romissor# note. (e 'ollo*ing are t(e rules! 1. A oint an" se%eral a++ommo"ation ma)er o' a negotiable &romissor# note ma# "eman" 'rom &rin+i&al "ebtor reimbursement 'or t(e amount t(at (e &ai" to t(e &a#ee 2. A oint an" se%eral a++ommo"ation ma)er *(o &a#s on t(e sai" &romissor# note ma# "ire+tl# "em reimbursement 'rom (is +o,a++ommo"ation ma)er *it(out 'irst "ire+ting (is a+tion against t(e &rin "ebtor &ro%i"e" t(at a. 0e ma"e t(e &a#ment b# %irtue o' a u"i+ial "eman" b. A &rin+i&al "ebt insol%ent. It *as ne%er s(o*n t(at t(ere *as a u"i+ial "eman" on Sa"a#a to &a# t(e obligation an" also$ it ne%er &ro%en t(at Varona *as insol%ent. (us$ Sa"a#a +annot &ro+ee" against Se%illa 'or reimbursem ra%el,3n %. CA 5216 SCRA 782 Fa+ts! ra%el,3n 5&etitioner is a tra%el agen+#$ selling airline ti+)etson Sign up to vote+ommission on this title basis 'or an be(al' o' "i''erent air,line +om&anies. Arturo :iran"a 5res&on"ent a running +re"it line *it( Not useful Useful(a" agen+#. 0e &ro+ure" ti+)ets 'rom ra%el,3n on be(al' o'airline &assengers an" "eri%e" +ommis t(ere'rom. ra%el,3n 'ile" a suit to +olle+t si 5; +(e+)s issue" b# t(e res&on"ent totalling 118 Res&on"ent t(at (e (as obligations to &etitioner an" t(at t(e +(e+)s
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
issue" b# t(e res&on"ent to &etitioner *ere &resente" 'or &a#ment b# t(e latter *oul" lea" to no o +on+lusion t(an t(at t(ese +(e+)s *ere inten"e" 'or en+(asment. (ere is not(ing in t(e t(emsel%es or in an# ot(er "o+ument t(at states ot(er*ise. (e argument o' t(e res&on"ent t(at t(e +( *ere merel# rante" against t(e ban)$ "ismissing t(e +om&laint 'or la+) o' +ause o' a+tion. CA! or"ere" Ang to &a# t(e ban) , ban) is a (ol"er CA obser%e" t(at t(e ban)$ as t(e &a#ee$ "i" not in"orse t(e notes to t(e Asset @ri%atiation You're Reading a Preview "es&ite t(e ee+ution o' t(e Dee"s o' rans'er an" rust Agreement an" t(at t(e notes +ontinue remain *it( t(e ban) until t(e institution o' t(e Unlock full+olle+tion access withsuit. a free trial. it( t(e ban) as t(e J(ol"erJ o' t(e &romissor# notes$ t(e Court o' A&&eals (el" t(at omas A a++ountable t(ere'or in (is +a&a+it# as an a++ommo"ation &art#. With Freenot Trial omas Ang +annot %ali"l# set u& t(eDownload "e'ense t(at (e "i" re+ei%e an# +onsi"eration t(ere'or a 'a+t t(at t(e loan *as grante" to t(e &rin+i&al "ebtor alrea"# +onstitutes a su''i+ient +onsi"eration. ISSE! KN Ang is liable as a++omo"ation &art# e%en *it(out +onsi"eration an" (is +o,a++omo" &art# *as grante" a++omo"ation *Ko (is )no*le"ge 0ELD! CA AFFIR:ED At t(e time t(e +om&laint *as 'ile" in t(e trial +ourt$ it *as t(e Asset @ri%atiation rust *(i+( (a" aut(orit# to en'or+e its +laims against bot( "ebtors a++ommo"ation &art# as a &erson J*(o (as signe" t(e instrument as ma)er$ "ra*er$ a++e&to in"orser$ *it(out re+ei%ing %alue t(ere'or$ an" 'or t(e &ur&ose o' len"ing (is name to some ot(er &er As gleane" 'rom t(e tet$ an a++ommo"ation &art# is one *(o meets all t(e t(ree re-uisites$ %i! 51 must be a &art# to t(e instrument$ signing as ma)er$ "ra*er$ a++e&tor$ or in"orserG 52 (e must not re %alue t(ere'orG an" 57 (e must sign 'or t(e &ur&ose o' len"ing (is name or +re"it to some ot(er &erso up toasvote on this title &etitioner signe" t(e &romissor# note as a soli"ar# +o,ma)er Sign an" not a guarantor. (is is &atent 'rom t(e 'irst senten+e o' t(e &romissor# note *(i+( states as 'ollo*s! Useful Not useful JNinet# one 591 "a#s a'ter "ate$ 'or %alue re+ei%e"$ IK*e$ 3INLY an" SEVERALLY &romise to to t(e @0ILI@@INE ?AN 3F C3::NICAI3NS at its o''i+e in t(e Cit# o' Caga#an "e
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
ils(ire Center ?an)$ LA$ Cali'ornia &a#able to E%a Al%iar 5Al%iar$ >onales mot(er. Al%iar t(en en"orse" t(is +(e+). Sin+e RC?C gi%es s&e+ial a++ommo"ations to its em&lo#ees to re+ei%e t(e +(e+)s %alue *Ko a*a t(e +learing&erio"$ >onales &resente" t(e 'oreign +(e+) to 3li%ia >ome$ t(e RC?Cs 0ea" o' R ?an)ing 3li%ia >ome re-ueste" >onales to en"orse it *(i+( s(e "i". 3li%ia >ome t(en a+-uies+e" t earl# en+as(ment o' t(e +(e+) an" signe" t(e +(e+) but in"i+ate" t(ereon (er aut(orit# o' Ju @1B$866.66 onl#J. Carlos Ramos signe" it *it( an Jo)J annotation. @resente" t(e +(e+) to Rolan"o ornosa$ Su&er%isor o' t(e Remittan+e se+tion o' t(e De&artment o' t(e RC?C 0ea" 3''i+e$ *(o a'ter s+rutiniing t(e entries an" signatures aut(orie en+as(ment. >onales re+ei%e" its &eso e-ui%alent @188$2B6.8 RC?C trie" to +olle+t t(roug( its +orres&on"ent ban)$ t(e First Interstate ?an) o' Cali'ornia but it "is(onore"t(e +(e+) be+ause! JEND. IRRE>J or irregular in"orsemen Ja++ount +lose"J nable to +olle+t$ RC?C "eman"e" 'rom >onales No%ember 2B$ 19B! (roug( letter >onales agree" t(at t(e &a#ment be ma"e t(ru salar# "e"u+tio 3+tober 19B! "e"u+tions starte" :ar+( B$ 19! RC?C sent a "eman" letter to Al%iar 'or t(e &a#ment but s(e "i" not res&on" une 1;$ 19! a letter *as sent to >onales remin"ing (er o' (er liabilit# as an in"orser ul# 19! >onales resigne" 'rom RC?C &a#ing onl# @12$22.26 +o%ering 16 mont(s RC?C 'ile" a +om&laint 'or a sum o' mone# against E%a Al%iar$ :el%a (eresa Al%iar,>onales an latters (usban" >ino >onales CA A''irme" RC! liable E%a Al%iar as &rin+i&al "ebtor an" :el%a (eresa Al%iar,>ona guarantor ISSE! KN E%a Al%iar an" :el%a (eresa Al%ia,>onales is liable as general en"orsers 0ELD! N3. CA REVERSED. RC?C reimburse >onales You're Reading a Preview Se+. ;;. Liabilit# o' general in"orser. , E%er# in"orser *(o in"orses *it(out -uali'i+ation$ *arran all subse-uent (ol"ers in "ue +ourse Unlock full access with a free trial. 1. (e matters an" t(ings mentione" in sub"i%isions 5a$ 5b$ an" 5+ o' t(e net &re+e"ing se+tionG 5a (at t(e instrument is genuine an" in all res&e+ts *(at it &ur&orts to be With (a" Free+a&a+it# Trial to +ontra+t 5b (at (e (as a goo" title to it 5+ (atDownload all &rior &arties 2. (at t(e instrument is$ at t(e time o' (is in"orsement$ %ali" an" subsisting In a""ition$ (e engages t(at$ on "ue &resentment$ it s(all be a++e&te" or &ai"$ or bot($ as t(e +ase be$ a++or"ing to its tenor$ an" t(at i' it be "is(onore" an" t(e ne+essar# &ro+ee"ings on "is(onor be ta)en$ (e *ill &a# t(e amount t(ereo' to t(e (ol"er$ or to an# subse-uent in"orser *(o ma# be +om& to &a# it n"er Se+tion ;;$ t(e *arranties 'or *(i+( Al%iar an" >onales are liable as general en"orsers in o' subse-uent en"orsers eten" onl# to t(e state o' t(e instrument at t(e time o' t(eir en"orsements$ (is &ro%ision +annot be use" b# t(e &art# *(i+( intro"u+e" a "e'e+t on t(e instrument 5RC?C -uali'ie"l# en"orse" it 0a" it not been 'or t(e -uali'ie" en"orsement Ju& to @1B$866.66 onl#J o' 3li%ia >ome$ *(o i em&lo#ee o' RC?C$ t(ere *oul" (a%e been no reason 'or t(e "is(onor o' t(e +(e+) Signinstrument up to vote on this title (e (ol"er or subse-uent en"orser *(o tries to +laim un"er t(e *(i+( (a" been "is(on 'or Jirregular en"orsementJ must not be t(e irregular en"orser (imsel' ga%e Useful*(o Not+ause useful'or t(e "is(on 3t(er*ise$ a +lear inusti+e results *(en an# subse-uent &art# to t(e instrument ma# sim&l# ma) instrument "e'e+ti%e an" later +laim 'rom &rior en"orsers *(o (a%e no )no*le"ge or &arti+i&ati
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
+ourt (el" in 'a%or o' t(e ban). It "i"n/t 'in" merit to t(e +ontention t(at on"erlan" *as t(e one (el" liable 'or t(e &romissor# notes. 0ELD! First$ t(ere *as no +ontra+t o' sale t(at materialie". (e original agreement *as t(at on"erlan" * &a# +as( an" &etitioner *oul" "eli%er &ossession o' t(e 'armlan"s. ?ut t(is *as +(ange" t(roug a""en"um$ t(at &etitioner *oul" instea" se+ure a loan an" t(e settlement o' t(e same *oul" be s(oul" b# on"erlan". @etitioners be+ame liable as a++ommo"ation &arties. (e# (a%e t(e rig(t a'ter &a#ing t(e instrume see) reimbursement 'rom t(e &art# a++ommo"ate"$ sin+e t(e relation bet*een t(em (as in e''e+t be one o' &rin+i&al an" suret#. Furt(ermore$ as it turne" out$ t(e +ontra+t o' suret# bet*een oo"lan" &etitioner *as etinguis(e" b# t(e res+ission o' t(e +ontra+t o' sale o' t(e 'armlan". it( t(e res+is t(ere *as +on'usion in t(e &ersons o' t(e &rin+i&al "ebtor an" suret#. (e a""en"um t(ereon li)e*is its e''i+a+#. NE @ACIFIC I:?ER P S@@LY C3. INC. VS. SENERIS NE @ACIFIC I:?ER P S@@LY C3. INC. VS. SENERIS 16 SCRA ;; FACS! @etitioner$ @a+i'i+ imber P Su&&l# Co. In+. *as t(e "e'en"ant in a +om&laint 'or +olle+tion o' mone# 'ile &ri%ate res&on"ent$ Ri+ar"o A. ong. In t(is +om&laint$ res&on"ent u"ge ren"ere" a +om&ro u"gment base" on t(e ami+able settlement entere" b# t(e &arties *(erein &etitioner *ill &a# to res&on"ent @84$866.66 at ;H interest &er annum an" @;$666.66 as attorne#s 'ee o' *(i+( @8$666.66 been &ai". &on 'ailure o' t(e &etitioner to &a# t(e u"gment obligation$ a *rit o' ee+ution @;7$176.66 *as issue" le%ie" on t(e &ersonal &ro&erties o' t(e &etitioner. ?e'ore t(e "ate o' t(e au sale$ &etitioner "e&osite" *it( t(e Cler) o' Court in (is +a&a+it# as t(e E,3''i+io S(eri'' @86$666. Cas(iers C(e+) o' t(e E-uitable ?an)ing Cor&oration an" @17$176.66 in +as( 'or a total o' @;7$17 @ri%ate res&on"ent re'use" to a++e&t t(e +(e+) an" t(e +as( an" re-ueste" 'or t(e au+tion sale to &ro+ (e &ro&erties *ere sol" 'or @86$666.66 to t(e (ig(est bi""er *it( a "e'i+ien+# o' @17$176.66. @etit subse-uentl# 'ile" an e,&arte motion 'or issuan+e o' +erti'i+ate o' satis'a+tion o' u"gment *(i+( "enie" b# t(e res&on"ent u"ge. 0en+e t(is &resent &etition$ alleging t(at t(e res&on"en +a&ri+iousl# an" *(imsi+all# abuse" (is "is+retion in not granting t(e re-ueste" motion 'or t(e re t(at t(e u"gment obligation *as 'ull# satis'ie" be'ore t(e au+tion sale *it( t(e "e&osit ma"e b# You're Reading a Preview &etitioner to t(e E,3''i+io S(eri''. In u&(ol"ing t(e re'usal o' t(e &ri%ate res&on"ent to a++e&t t(e + t(e res&on"ent u"ge +ite" Arti+le 1249 o' t(e Ne* Ci%il *(i+( &ro%i"es t(at &a#ments o' " Unlock full access with a Co"e free trial. s(all be ma"e in t(e +urren+# *(i+( is t(e legal ten"er o' t(e @(ili&&ines an" Se+tion ;7 o' t(e Ce ?an) A+t *(i+( &ro%i"es t(at +(e+)s re&resenting "e&osit mone# "o not (a%e legal ten"er &o*e Free Trial sustaining t(e +ontention o' t(e &ri%ateDownload res&on"entWith to re'use t(e a++e&tan+e o' t(e +as($ t(e res&on u"ge +ite" Arti+le 124 o' t(e Ne* Ci%il Co"e *(i+( &ro%i"es t(at +re"itor +annot be +om&ell a++e&t &artial &a#ment unless t(ere is an e&ress sti&ulation to t(e +ontrar#. ISSE! Can t(e +(e+) be +onsi"ere" a %ali" &a#ment o' t(e u"gment obligationQ RLIN>! Yes. It is to be em&(asie" t(at it is a *ell,)no*n an" a++e&te" &ra+ti+e in t(e business s t(at a Cas(iers C(e+) is "eeme" +as(. :oreo%er$ sin+e t(e +(e+) (as been +erti'ie" b# t(e "ra*ee b t(is +erti'i+ation im&lies t(at t(e +(e+) is su''i+ientl# 'un"e" in t(e "ra*ee ban) an" t(e 'un"s *i a&&lie" *(ene%er t(e +(e+) is &resente" 'or &a#ment. (e obe+t o' +erti'#ing a +(e+) is to enabl (ol"er to use it as mone#. (en t(e (ol"er &ro+ures t(e +(e+) to be +erti'ie"$ it o&erates as an assign o' a &art o' t(e 'un"s to t(e +re"itors. 0en+e$ t(e e+e&tion &ro%i"e" in Se+tion ;7 o' t(e Central ? A+t *(i+( states t(at +(e+)s *(i+( (a%e been +leare" an" +re"ite" to t(e a++ount o' t(e +re"itor s(a e-ui%alent to a "eli%er# to t(e +re"itor in +as( t(e amount e-ual to t(at *(i+( is +re"ite" to (is a++ up to vote this title (e Cas(iers C(e+) an" t(e +as( are %ali" &a#ment o' t(eSign obligation o'on t(e &etitioner. (e &r res&on"ent (as no %ali" reason to re'use t(e a++e&tan+e o' t(e Useful +(e+) an" as 'ull &a#ment o Not useful +as( obligation
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
De+ember 19 an" 2;$ 19B! >eorge sol" 2 +(e+)s bot( in t(e amount o' @166$ &ost "ate" Se&te 18 P 76$ 19B9 res&e+ti%el#$ "ra*n b# ?CCFI *K >eorge as &a #ee &on 'ailure to "eli%er$ ?CCFI issue" on :ar+( 76$ 19B9 an" Se&tember 14 P 2$ 19B9 a sto& &a or"er 'or all +(e+)s SI0I 'ailing to +laim$ 'ile" a +laim against ?CCFI RC! SI0I (ol"er in "ue +ourse. Non,in+lusion o' >earoge as &art# is immaterial to t(e +ase ISSE! KN SI0I is a (ol"er in "ue +ourse beign a se+on" in"orser an" a (ol"er o' +rosse" +(e+)s 0ELD! YES. >RANED. RC re%erse". Se+. 82 1. (at it is +om&lete an" regular u&on its 'a+e 2. (at (e be+ame t(e (ol"er o' it be'ore it *as o%er"ue$ an" *it(out noti+e t(at it (a" been &re%io "is(onore"$ i' su+( *as t(e 'a+t 7. (at (e too) it in goo" 'ait( an" 'or %alue 4. (at at t(e time it *as negotiate" to (im (e (a" no noti+e o' an # in'irmit# in t(e instrument or "e' t(e title o' t(e &erson negotiating it Se+. 89 e%er# (ol"er is "eeme" &rima 'a+ie a (ol"er in "ue +ourse 0o*e%er$ *(en it is s(o*n t(at t(e title o' an# &erson *(o (as negotiate" t(e instrument *as "e'e+ t(e bur"en is on t(e (ol"er to &ro%e t(at (e or some &erson un"er *(om (e +laims$ a+-uire" t(e tit (ol"er in "ue +ourse. e''e+t o' +rossing o' a +(e+) 1. +(e+) ma# not be en+as(e" but onl# "e&osite" in t(e ban) 2. +(e+) ma# be negotiate" onl# on+e to one *(o (as an a++ount *it( a ban) 7. a+t o' +rossing t(e +(e+) ser%es as *arning to t(e (ol"er t(at t(e +(e+) (as been issue" 'or a "e' &ur&ose , (e must in-uire i' (e (as re+ei%e" t(e +(e+) &ursuant to t(at &ur&ose$ ot(er*ise$ (e (ol"er in "ue +ourse +rossing o' +(e+)s s(oul" &ut t(e (ol"er on in-uir# an" u&on (im "e%ol%es t(e "ut# to as+ertain in"orser/s title to t(e +(e+) or t(e nature o' (is &ossession , 'ailure guilt# o' gross negligen+e amou to legal absen+e o' goo" 'ait($ +ontrar# to Se+. 825+ o' t(e Negotiable Instruments La* You're Reading a Preview SI0I is not a (ol"er in "ue +ourse. Conse-uentl#$ ?CCFI +annot be oblige" to &a# t(e +(e+)s. 0o* t(at SI0I +oul" not re+o%er 'rom t(e +(e+)s. onl# with "isa"%antage Unlock (e full access a free trial. o' a (ol"er *(o is not a (ol"er in +ourse is t(at t(e instrument is sube+t to "e'enses as i' it *ere non,negotiable. 0en+e$ SI0I +an +o 'rom t(e imme"iate in"orser$ >eorge Download With Free Trial Stel+o %s CA Stel+o :ar)eting %s. CA >R 9;1;6$ 1B une 1992$ 216 s+ra 81 ,,a++ommo"ation &art# FACS! Stel+o :ar)eting Cor&oration sol" stru+tural steel bars to RYL Constru+tion In+. RYL ga%e Ste ! Steel*el" ma# be (el" liable but not b# Stel+o. n"er Se+tion 29 o' t(e NIL$ Steel*el" Cor&. +an be
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
?an) C? C(e+) o' @228. De+ember 8 1991! &on in-uir# b# Seran"e at @CI ?an) on *(et(er t(e C? C(e+) (a" +leare"$ s(e re+ei%e" an a''irmati%e ans*er. Rel#ing on t(is assuran+e$ s(e issue" 2 +(e+)s "ra*n against t(e &ro+ee"s o' C? C(e+). @CI ?an) C(e+) No. 6B7;;1 "ate" 8 De+ember 1991 'or @172 *(i+( Saran"e issue" to res&on Ro*ena 3ng o*ing to a business transa+tion. 3n t(e same "a#$ 3ng &resente" to @CI ?an) re-uesting @CI ?an) to +on%ert t(e &ro+ee"s in manager/s +(e+)$ *(i+( t(e @CI ?an) oblige". De+ember ; 1991! 3ng "e&osite" @CI ?an) :anager/s C(e+) in (er a++ount *it( E-uitable ?an Cor&oration De+ember 9 1991! s(e re+ei%e" a +(e+) return,sli& in'orming (er t(at @CI ?an) (a" sto&&e &a#ment o' t(e +(e+) on t(e groun" o' irregular issuan+e. Des&ite se%eral "eman"s ma"e$ it *as re'use" 3ng *as +onstraine" to 'ile a Com&laint 'or sum o' mone#$ "amages an" attorne#/s 'ees against ?an) CA a''irme" RC! 'a%ore" 3ng ISSE! KN 3ng +an (ol" @CI liable 0ELD! YES. @etition is DENIED. CA a''irme". ?# a"mitting it +ommitte" an error$ +learing t(e +(e+) o' Saran"e an" issuing in 'a%or o' 3ng no an# +(e+) but a manager/s +(e+) 'or t(at matter$ @CI ?an)/s liabilit# is 'ie" +erti'i+ation a++e&tan+e$ E-uitable @CI as "ra*ee ban) is boun" on t(e instrument u&on +erti'i+ation an" it is immaterial to liabilit# in 'a%or o' 3ng *(o is a (ol"er in "ue +ourse *(et(er t(e "ra*er 5arlia Saran"e (a" 'un not *it( t(e E-uitable @CI ?an) No unust enri+(ment SECI3N 82. (at +onstitutes a (ol"er in "ue +ourse. A (ol"er in "ue +ourse is a (ol"er *(o (as t(e instrument un"er t(e 'ollo*ing +on"itions! 5a (at it is +om&lete an" regular u&on its 'a+eG 5b (at (e be+ame t(e (ol"er o' it be'ore it *as o%er"ue$ an" *it(out noti+e it (a" been &re%io You're Reading a Preview "is(onore"$ i' su+( *as t(e 'a+tG 5+ (at (e too) it in goo" 'ait( an" 'orUnlock %alueGfull access with a free trial. 5" (at at t(e time it *as negotiate" to (im$ (e (a" no noti+e o' an# in'irmit# in t(e instrument or " in t(e title o' t(e &erson negotiating it. Download With Free Trial (e same la* &ro%i"es 'urt(er! Se+. 24. @resum&tion o' +onsi"eration. E%er# negotiable instrument is "eeme" &rima 'a+ie to (a%e issue" 'or a %aluable +onsi"erationG an" e%er# &erson *(ose signature a&&ears t(ereon to (a%e be+o &art# t(ereto 'or %alue. Se+. 2;. (at +onstitutes (ol"er 'or %alue. (ere %alue (as at an# time been gi%en 'or t(e instrum t(e (ol"er is "eeme" a (ol"er 'or %alue in res&e+t to all &arties *(o be+ome su+( &rior to t(at time. Se+. 2. E''e+t o' *ant o' +onsi"eration. Absen+e or 'ailure o' +onsi"eration is a matter o' "e'en against an# &erson not a (ol"er in "ue +ourseG an" &artial 'ailure o' +onsi"eration is a "e'ense &ro t *(et(er t(e 'ailure is an as+ertaine" an" li-ui"ate" amount or ot(er*ise. manager/s +(e+) an or"er o' t(e ban) to &a#$ "ra*n u&on itsel'$ +ommitting in e''e+t its total resour+es$ integrit# (onor be(in" its issuan+e Sign up to vote on this title regar"e" substantiall# to be as goo" as t(e mone# it re&resents same 'ooting as a +erti'ie" +(e+) Useful Not useful (e obe+t o' +erti'#ing a +(e+)$ as regar"s bot( &arties$ is to enable t(e (ol"er to use it as mone#. +(e+) o&erates as an assignment o' a &art o' t(e 'un"s to t(e +re"itors
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
Negot i abl eI nst r ument sLaw–217SCRA32–Hol deri nDueCour se–Not i ceofDi shonor
Cor az onVi c t or i anopr o vi dedpi ec eso fj ewel r yt oNor aMoul i cs ot hatt hel at t erma ys e s ame.Ass ec ur i t yf ort hej e wel r i es ,Moul i ci s s uedt oVi c t or i anot wopos tdat edc hec k s aggr egat eamountofP100, 000. 00.Moul i cwasno ta bl et os el lt hej ewel r i ess os her e t ur n s amet oVi c t or i an o.Vi c t or i anowas ,ho we v er ,unabl et or e t ur nt hec hec k shenc eMou l i cw al l herf undsf r om t hebank . Ap pa r e nt l y ,t h ec h ec k swe r en ego t i a t edb yVi c t o r i a not oSt a t eI n v es t me ntHo us e.Sowh e c h ec k swe r ed i s h on or e d,St a t eI n v e s t me ntd ema nd ed Mo ul i ct op ay .Mo ul i cr e f u s ed b ec a us es h es a i dt h ec h ec k swe r e me r e l yu s ed a ss e c ur i t yf o rt h ej e we l r y .Mo ul i c a ver r edt hats her ec ei v ednonot i c eofdi s honor . I SSUE:Whe t herorno tSt at eI n v es t mentHous ei sent i t l edt obepai d.
HEL D:Yes .St at eI n v es t menti sahol deri nduec our s easi tme tal l t her equi r ement st o beonepur s uantt oSec t i on52oft heNego t i abl eI ns t r ument sLaw.I npar t i c ul ar ,i ti s s ho wnt hat : ( a)ont hei rf ac est hepos t dat edc hec k swer ec ompl e t eandr egul ar ; ( b)St at eI n ves t mentboughtt hes ec hec k sf r om Vi c t or i ano,bef or et hei rduedat es ; ( c )St at eI nv es t mentt ookt hes ec hec k si ngoodf ai t handf orv al ue; ( d )St a t eI n v es t me ntwa sne v eri n f o r me dn orma deawa r et h att h es ec he ck swe r eme r e l yi t oVi c t or i anoass ec ur i t yandnotf orv al ue. Fur t her ,t her ei snoneedt oi s s ueano t i c eofdi s honort oMoul i c .Af t erMoul i cwi t hdr f unds ,s hec oul dno tha v ee x pec t edherc hec k st obehonor ed.I twoul donl ybef u t i l ef o I n v es t mentt obes endi ngherno t i c esofdi s honorf ort het woc hec k s . You're Reading a Preview ASI AN BANKI NG CORPORATI ONv .J UAN J AVI ER Unlock full access with a free trial. G. R.No.L 19051Apr i l 4,1923
Doc t r i ne Download With Free Trial Whenanego t i abl ei ns t r umen ti sd i s honor edf ornonac c ep t anc eornonpa y ment ,no t i c e mu s tb eg i v e nt ot h ed r a we ra nde ac ho ft h ei n do r s er s ,a ndt h os ewh oa r en otn ot i fi eds h a di s c har gedf r o ml i abi l i t y ,e x cep ta spr o vi dedo t her wi s e.I ti si nc umbentupon aper s o s eek st oenf or c et hei ndor s er ’ sl i abi l i t y ,t oes t abl i s hs ai dl i abi l i t ybypr ov i ngt hatnot i c ewas t het i me,andi nt hema nner ,r equi r edb yt hel a w.
F a c t s : Sa l v a do rB.Ch av e sd r e w ac h ec kont h ePh i l i p pi n eNa t i on alBa nkf o rP1 1, 0 00i nf a v o I ns ul ar .Thi sc hec kwasi ndor s edb yt hel i mi t edpar t ner sofLaI ns ul ar ,andt hendepos i Sal v adorB.Cha v esi nhi sc ur r entac c ountwi t ht hepl ai nt i ff ,As i aBank i ngCor po r at i on.A Signu up vote on this c h ec kwa sd r a wna ndd ep os i t e di ns i mi l a rf a s hi o n.Th ea mo n tto r e p r e s en t e dtitle b yb ot hc h ec k s Useful useful u s edb ySal v a do rB.Ch av e sa f t e rt he ywe r ed epo s i t e d i nt h ep l ai n t i ffNot b an k ,b yd r a wi n g ont hepl ai nt i ff .Subs equent l yt hes ec hec k swer e pr e sent ed b yt he pl ai nt i fft ot hePh Nat i onalBankf orpa ymentbutt hel at t err ef us edt opa yont hegr oundt hatt hedr awerS
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
i ndor s er sar eno tl i abl eunl es st he yar eno t i fi edt hatt hedoc umentwasdi s honor ed.Then t hegener alpr i nc i pl eoft hel awofpr oc edur e,i twi l l bei nc umbentupont hepl ai nt i ff,whos e enf or c et he def endant ’ sl i abi l i t yupon t hes ec hec ksasi ndor s er ,t o es t abl i s hs ai dl i ab pr o v i ngt hatno t i c ewasgi v ent ot hedef endantwi t hi nt het i me,andi nt hemanner ,r equ t h el a wt h att h ec h ec k si nq ue s t i o nh adb ee nd i s ho no r e d.I ft h es ef a c t sa r eno tp r o v e pl ai nt i ffhasnots uffic i ent l yes t abl i s hedt hedef endant ’ sl i abi l i t y .Ther ei snopr oofi nt he t endi ngt os ho wt hatpl ai nt i ffga v ean yno t i c ewhat s oe v ert ot hedef endantt hatt hec h ques t i onhadbeendi s honor ed,andt her ei thasnotes t abl i s hedi t sc aus eofac t i on. NYCO SALESVSBAFI NANCE Ne go t i a bl eI n s t r u me nt sL a w –No t i c eofDi s h on or–20 0SCRA6 37–As s i g nme nto fCr e d
FACTS: Ny c oSa l e sh asdi s c ou nt i n gp r i v i l e ge swi t hBA Fi n an ce .I n1 97 8,b r o t h er sRe na t oFe r a ndSa nt i a goRe nat o( o ffic er so fSa ns he l lCo r p or a t i o n)a pp r o ac he dNy c oSa l e sCo r p or a t ac r edi tac c ommodat i oni nor derf ort hebr o t her smak eus eofNy c o ’ sdi s c ount i ngpr i v i NycoSal esagr eedandsoonNovember15,1978,Sanshel li ssuedapost dat ed( Novem 1 97 8)BPIc he c kt oNy c oSa l e si nt h ea mo un to fP6 0, 0 00 . 0 0.Fo l l o wi ngt h ed i s c ou nt i n gp r a gr e edu po n,Ny c oSa l e s ,t h r ui t sp r e s i d en tRu fi noYa o,e nd or s e dt h ec h ec ki nf a v o ro Fi n an c e.Th er e af t e r ,BA Fi n an c ei s s u edac h ec kp ay a bl et oNy c oSa l e swh i c he nd or s e d f a v oro fSa ns h el l .Sa ns he l lt h enma deu s eo fa nd / o rn ego t i a t edt h ec he c k.Ac c omp an y i e x c h an geo fc h ec k swa saDe edofAs s i g nme nte x e c ut e db yNy c oSa l e s( a s s i g no r )i nf BAFi nanc e( as s i gnee)wi t ht hec onf or mi t yofSans hel l .Undert h es ai dDeed,t hes ubj ec t di scount i ngwasP60kBPIcheck. You're a.Preview Th ec he ckbo un ce d.BA Fi n an cen ot i fi edReading Sa ns he l l Sa ns he l ls ub s t i t u t e dt h eBPIc h ec kw Secur i t yBankand Tr ustCompany chec kaccess f orPwith 60k. Thi scheckagai nbounced.BA F Unlock full a free trial. made r epeat ed demands t o Nyc o Sal es and Sanshel lbutnei t heroft he t wo set t obl i gat i on.Henc e,BAFi nanc es ued Ny c oSal es .N y c oS al esav e r r edt hati tr ec ei v e dno Download With Free Trial o fd i s h on orwh ent h es e c on dc h ec kwa sd i s h on or e d. I SSUE: Whe t h ero rn otNy c oSa l e si sl i a bl et op ayBAFi n an ce .
HELD: Y es .Th er e l a t i o ns h i pb et we enNy c oSa l e sa ndBA Fi n an c ei so neo fa s s i g no r a s s i g ne e as si gnor v endorwar r ant sbot ht hec r edi ti t s el f( i t sex i s t enc eandl egal i t y )andt heper s on debt or( hi ss ol v enc y) ,i fs os t i pul at ed,asi nt hec as eatbar .Cons equent l y ,i ft her ebeany oft heabo v ewar r ant i es ,t heas s i gnor v endors houl dbehel dans wer abl et her ef or .Ther ques t i ont hent hatt heas si gnor v endori si ndeedl i abl ef ort hei nv al i di t yofwhat ev er eas s h Sign up to vote on this title t ot heas s i gneev endee.Cons i der i ngnow t hef ac t soft hec as ea tbar ,i ti sbe y onddi s pu Useful Not useful Ny c oe x e c ut e dad ee do fa s s i g nme nti nf a v o ro fBAFi n an c ewi t hSa ns h el lCo r p or a t i o n debt or obl i gor .BA Fi nanc ei sac t ual l yenf or c i ngs ai ddeedandt hec hec kc ov er edt he
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Upload
Sign In
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
di s honor i ngo ft hec hec kal one.
PACI FI CO B.ARCEO,J Rv s .PEOPLEOFTHEPHI LI PPI NES G. R.No .1 42 64 1.J u l y17 ,2 00 6. FACTS: Paci ficoAr ceo obt ai ned a l oan f r om Josefino Ceni zal .He t hen i ssued a check i nf Ceni z al ,i nwhi c hhepr omi s edv er bal l ys ev ent i mest hathewoul dr epl ac ei twi t hc as h.A r epl aci ng t he check,he encashed t he check butwas di shonor ed due t oi nsuffici ent Cen i z alwe ntt oAr c e o' sho us et oi n f o r mh i mo ft h ed i s ho no rb uth ewa sn ota r o un da ny m h ewe ntt oAr c eo ' sl a wy e ra ndg av eh i m al e t t e rgi v i n gh i mt h r e ed ay st op ayt h ec he c k Ar c eof ai l ed,Ceni z al c har gedhi mi nv i ol at i onofBP22.Thel owerc our tf oundhi m gui l t y . Ar c eoc o nt e nd st h ath es h oul dn otb eh el dl i a bl eb ec au sei twa sp r e se nt edbe y on dt h e per i odpr o vi dedundert hel a w;t hath eonl ygi v ent hr eeda y st opa yandno tfi v ebank i ngd perl aw;andt hathepai dhi sobl i gat i on. I SSUE: Whe t herAr c eoi sgui l t y .
RULI NG: Th e SC d en i e d Ar c e o' sp et i t i o n.Th e SC h el dt h att h el i f eo fac h ec ki ss i xmo nt h s.C p r e se nt e dt h ec he ckwi t hi nf o urmo nt h so fi s s ua nc e.Th e9 0d ayp er i o di nt h el a wi s e l e me nto ft h eo ffe ns e.Ar c e oc an no tc l ai mt h ath ewa sno tg i v e nfi v eb an k i n gd ay s( t h e t hr ee) ,bec aus ehes t i l lr emai nedunpai daf t erfi v eda ysofhi sr ec ei ptofdi s honor .Las t c l ai mt ha thepai dt heobl i g at i onwa sonl yme r eal l e at i onast her ewasnopr oofofhi sp You're Reading ag Preview andt hatt hec hec kst i l l r emai nedonAr c eo. Unlock full access with a free trial.
ALLI EDBANKI NG COPR.VSCAANDGG SPORTSWEAR JUL Y11,2006 Download With Free Trial Les sonsAppl i c abl e:Li abi l i t i esoft hePar t i es
FACTS: J a nu ar y6 ,1 9 81 :Al l i e dBa nk( Al l i e d)p u r c h as edEx po r tBi l lo f$ 2 0, 0 85f r o m G. G.Sp o Mf g.Cor por at i on( GGS) .Thebi l l ,dr a wnunderal e t t erofc r edi tc ov er edMen' sVal v ol i neT r Su i tt h atwa si nt r a ns i tt oWe s tGe r ma ny .Th ee x po r tb i l lwa si s s ue db yCh ek i a ngFi r s t Lt d. ,Hongk ong.Wi t ht hepur c has eoft hebi l l ,ALLI ED c r edi t edGGSt hepes oequi v al en bi l lamount i ngt oP151, 474. 52Nar iGi dwaniandAl c r onI nt er nat i onalLt d.( Al c r on)e x ec ut e r es pec t i v e Let t er s ofGuar ant y ,hol di ng t hems el v es l i abl e on t he e xpor tb i l li fi ts ho d i s ho no r e do rr e t i r e db yt h ed r a we ef o ra n yr e as on .Sp ou s esLe ona ndL et i c i ad eV l l aa n i Sign up to vote on this title Gi d wa nia l s oe x ec u t e d a Co nt i n ui n g Gu ar a nt y / Co mp r e h e ns i v e Su r e t y( s u r e t y ) ,g ua r a n Useful Not useful mayext paymentofanyandal lsuchcr edi taccommodat i onswh i chALLI ED endt oGGS AL LI ED n eg ot i a t e dt h ee x po r tb i l lt oCh ek i a ng ,p ay me ntwa sr e f u s ed d uet os o mem
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join
Search
Home
Saved
0
35 views
Sign In
Upload
RELATED TITLES
0
Digested Cases Sa NIL Uploaded by Chellie Lucena Piniera Mercado
Books
Audiobooks
Magazines News
Documents
Sheet Music
Law Subject
Save
Embed
Share
Print
Download
Join
Phil Healthcarw Insurance
1
of 13
Gsis vs Montesclaros
Limkaichong vs Comelec -G.R.
Search document
Let t er sofGuar ant y I SSUE: W/ NGi dwani ,Al c r onandSpous esVi l l ac anbehel dj oi nt l yands ev e r al l yl i abl ebec aus e c a pa ci t ya sg ua r an t o r sa nd s ur e t yi nt h ea bs en c eo fp r o t e s to nt h eb i l li na c co r d an c Sec t i on152oft heNego t i abl eI ns t r umen t sLa w
HELD: YES.CAmodi fi ed.Nar i Gi dwani ,andSpous esLeonan dLe t i c i adeVi l l aar ej oi nt l yandse v e l i abl et oget herwi t hG. G.Spor t s wear . Ar t .2047.Byguar ant yaper s on,c al l edt heguar ant or ,bi ndshi ms el ft ot hec r edi t ort of u obl i gat i onoft hepr i nc i paldebt ori nc as et hel at t ers houl df ai l t odos o. I faper s onbi ndshi ms el fs ol i dar i l ywi t ht hepr i nc i paldebt or ,t hepr ov i s i onsofSec t i on4,C 3,Ti t l eIoft hi sBookshal l beobs er v ed.I ns uc hc as et hec ont r ac ti scal l edas ur et y s hi p. Se c t i o n1 52 o ft h e Ne go t i a bl eI n s t r u me nt sL aw p er t a i n i n gt oi n do r s e r s ,r e l i e d r es pondent s ,i snotper t i nentt ot hi sc as e.
Th er ea r e we l l d efi n ed d i s t i n c t i o ns b et we en t h ec o nt r a c tofa ni n do r s e ra nd t h a guar ant or / s ur et yofac ommer c i alpaper ,whi c hi swhati si n vol v edi nt hi scas e.Thec on i ndor s ementi spr i mar i l yt hato ft r ans f er ,whi l et he c ont r ac to fguar ant yi st hato fp e s ec ur i t y .Thel i abi l i t yofaguar ant or / s ur et yi sbr oadert hant hatofani ndor s er .Unl es st h p r o mp t l ypr e s en t e df o rpa y me nta tma t u r i t ya ndd uen ot i c eo fd i s h on org i v e nt ot h ei n d wi t hi nar eas onabl et i me,hewi l lbedi s c har gedf r om l i abi l i t yt her eon.Ont heot herhand, wher er equi r edb yt hepr o vi s i onsoft hec ont r ac tofs ur e t y s hi p,ademandorno t i c eofde notr equi r edt ofi xt hes ur et y ' sl i abi l i t y .ThReading er ef or e,n pr ot es to nt heex por tbi l li snec es s You're ao Preview c har geal lt her es pondent sj oi nt l yands ev er al l yl i abl ehav i ngaffix edt hei rc ons ent i ngs i g Unlock full access with a free trial. i ns e v er a ld o c ume nt se x ec u t e da t d i ff er e ntt i me s ,i ti ss af et op r e s ume t h att h ey h a k no wl edgeofi t st er msandc ond i t i ons ,henc e,t he yar epr ec l udedf r om as s er t i ngi gnor a Download With Free Trial t hel eg al e ffec t soft heunder t ak i ngt he yas s umedt her eunder .
Sign up to vote on this title
Useful
Not useful
Home
Saved
Books
Audiobooks
Magazines
News
Documents
Sheet Music
Upload
Sign In
Join