NEGOTIABLE INSTRUMENTS
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STATE INVESTMENT HOUSE vs. INTERMEDIATE APPELLATE COURT, ANITA PEÑA CHUA and HARRIS CHUA G.R. No. 72764 | 13 JULY 1989 Petition to review the decision decision of the CA Fernan, C.J. FACTS: •
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Before 5 September 1980 Ne! S"#$t%&$ 'oo( )&(%*tr"e* )&+. , New Sikatuna- re%e*te( for $ /o$& from $rr"* %$ , Harris- !"+ te /$tter $ree( to o& te +o&("t"o& t$t te former *o%/( !$"t %&t"/ e+ember 1980 !e& e !o%/( $e te mo&e. &"t$ e$%$ , Anita, Harris’ wife- "**%e( 3 +ro**e( +e+#* p$$b/e to Ne! S"#$t%&$ $// po*t($te( 22 e+ember 1980; !"t te tot$/ $mo%&t of 299450.00. S%b*e%e&t/ Ne! S"#$t%&$ e&tere( "&to $& $reeme&t !"t St$te )&e*tme&t o %*e )&+. , State Investment !ereb for $&( "& +o&*"(er$t"o& of te *%m of 1047402.91 %&(er $ (ee( of *$/e ".e. Ne! S"#$t%&$ $**"&e( $&( ("*+o%&te( !"t St$te )&e*tme&t 11 po*t($te( +e+#* !"+ "&+/%(e( to*e "**%e( b &"t$. 'e& (epo*"te( *$"( 3 +e+#* !ere ("*o&ore( (%e to <"&*%ff"+"e&t f%&(*= <*top p$me&t= $&( <$++o%&t +/o*e(= re*pe+t"e/. St$te )&e*tme&t +/$"m* t$t (e*p"te (em$&(* &"t$ f$"/e( to p$ &e+e**"t$t"& tem to f"/e $& $+t"o& for +o//e+t"o& $$"&*t &"t$ $&( $rr"* before R> ?$&"/$. Spo%*e* %$ f"/e( $ t"r(p$rt +omp/$"&t $$"&*t Ne! S"#$t%&$; $&( for f$"/%re of te /$tter to $&*!er "t !$* (e+/$re( "& (ef$%/t. R> re&(ere( @%(me&t $$"&*t te *po%*e* A ".e. *po%*e* to p$ St$te )&e*tme&t $&( for Ne! S"#$t%&$ to p$ *po%*e*. reer*e( A ".e. +omp/$"&t "* ("*m"**e(.
e&t"t/e( to o/( te *po%*e* /"$b/e for te ISSUE: 'eter St$te )&e*tme&t "* $ o/(er "& (%e +o%r*e $&( "* t%* e&t"t/e( ("*o&ore( +ro**e( +e+#*. @%(me&t e&t CC)R? CC)R?D. D. HELD: N. @%(m
RATIO: •
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St$te )&e*tme&t "* &ot $ o/(er "& (%e +o%r*e $&( +$&&ot $//ee t$t "t $( &o #&o!/e(e of te tr$&*$+t"o&E$rr$&eme&t bet!ee& Ne! S"#$t%&$ $&( *po%*e* %$ be+$%*e te +e+#* "& %e*t"o& $re +ro**e( +e+#*. 'e& "t re("*+o%&te( te +e+#* #&o!"& t$t "t !$* +ro**e( +e+#* "t !$* #&o!"&/ "o/$t"& te $o!e( "&te&t"o& of +ro**"& te +e+#. )t* f$"/%re to "&%"re from Ne! S"#$t%&$ te p%rpo*e of te +ro**e( +e+#* pree&t* "m from be"& +o&*"(ere( "& oo( f$"t $&( "* t%* &ot $ o/(er "& (%e +o%r*e. Se+. 541 N)L pro"(e* t$t te m$#er or $& /e$/ o/(er of $ +e+# "* e&t"t/e( to "&("+$te t$t *%+ be p$"( to $ +ert$"& b$&#er or "&*t"t%t"o& b !r"t"& $+ro** te f$+e te &$me of *$"( b$&#er or "&*t"t%t"o& or o&/ te !or(* <$&( +omp$&.= U&(er %*%$/ pr$+t"+e +ro**"& $ +e+# "* (o&e b p/$+"& t!o p$r$//e/ /"&e* ("$o&$// o& te /eft top port"o& of te +e+#. >e effe+t of +ro**"& $ +e+# re/$te* to te mo(e of "t* pre*e&tme&t for p$me&t. U&(er Se+. 72 N)L pre*e&tme&t for p$me&t "* *%ff"+"e&t !e& "t "* m$(e b te o/(er or b *ome $%tor"Fe( per*o& to re+e"e p$me&t. 'o te o/(er or $%tor"Fe( per*o& "* (epe&(* o& te "&*tr%+t"o&* o& te f$+e of te +e+#. )& te pre*e&t +$*e *$"( 3 +ro**e( +e+#* !ere "**%e( p$$b/e to Ne! S"#$t%&$ $&( o&/ me$&* t$t te (r$!er $( "&te&(e( te *$me for (epo*"t o&/ b te r"tf%/ per*o& ,p$ee &$me( tere"&-. )t !$* &ot te p$ee !o pre*e&te( terefore tere !$* &o proper pre*e&tme&t $&( te /"$b"/"t ("( &ot $tt$+ to te (r$!er. )& te $b*e&+e of (%e pre*e&tme&t te (r$!er (oe* &ot be+ome /"$b/e. No r"t of re+o%r*e "* $$"/$b/e to St$te )&e*tme&t $$"&*t te (r$!er &"t$. )t !$* &ot te proper p$rt $%tor"Fe( to m$#e pre*e&tme&t of te +e+#*.
*State Investment ma recover recover from New Sikatuna, es!ecia"" if it has no va"id e#cuse e#cuse for refusin$ !ament. MAMANALO
NEGOTIABLE INSTRUMENTS
CHECKS
MYRON C. PAPA, Admns!"a!#" #$ !%& T&s!a!& Es!a!& #$ An'&(a M. B)!!& vs. A.U. VALENCIA and CO., INC., FELI* PEÑARROYO, SPS. ARSENIO B. REYES + AMANDA SANTOS, and DELFIN AO G.R. No. 105188 | 23 JNURY 1998 Petition to review the decision of the CA %a!unan, J. FACTS: •
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ISSUE: HELD:
15 J%&e 1973 A $p$ $* $ttor&e "& f$+t of B%tte *o/( $ p$r+e/ of /$&( to e&$rroo tro% $/e&+"$ ,286.60 *. meter*; +or. Ret"ro H $("F St*. L$ Lom$ IBefore te $//ee( *$/e B%tte mort$e( er propert"e* ,*%b@e+t /$&( "&+/%(e(- to te **o+"$te( B$&#"& orpor$t"o& ,&o! **o+"$te( "t"Fe&* B$&#-. fter te $//ee( *$/e b%t before te t"t/e to *%b@e+t /$&( $( bee& re/e$*e( B%tte p$**e( $!$ e*p"te repre*e&t$t"o&* m$(e b re*po&(e&t* to te b$&# te /$tter ref%*e( to re/e$*e te t"t/e %&/e** H %&t"/ $// te mort$e( propert"e* !ere $/*o re(eeme(. >o prote+t "* r"t* H "&tere*t* e$rroo +$%*e( te $&&ot$t"o& o& te t"t/e of $& $(er*e +/$"m "&+*+r"be( o& 18 J$&%$r 1977. Upo& re/e$*e of te t"t/e re*o&(e&t* ("*+oere( t$t te mort$e( r"t* of te b$&# $( bee& $**"&e( to >om$* $rp$&$ $* *pe+"$/ $(m"&"*tr$tor of te D*t$te of R$mo& $p$ Jr. $&( t$t $p$ $( bee& +o//e+t"& mo&t/ re&t$/* of 800.00 from te&$&t* of te propert $/re$( *o/(. e*p"te repe$te( (em$&(* pet"t"o&er ref%*e( H f$"/e( to (e/"er te t"t/e J%&e 1982 A Re*po&(e&t* $/e&+"$ $&( e$rroo f"/e( $ +omp/$"&t for *pe+"f"+ perform$&+e !"t R> $*" $$"&*t pet"t"o&er $p$ "& "* +$p$+"t $* $(m"&"*tr$tor of te >e*t$te D*t$te of &e/$ B%tte. R> re&(ere( @%(me&t "& f$or of re*po&(e&t* Aor(er"& pet"t"o&er to "**%e $ ee( of b*o/%te S$/e. & $ppe$/ to te pet"t"o&er $//ee( t$t te *$/e !$* &ot perfe+te( *"&+e e ("( &ot e&+$* te +e+# ,40000.00- "e& b te re*po&(e&t* $* f%// p$me&t. $ff"rme( !"t mo("f"+$t"o& ".e. to (e/"er t"t/e to re*po&(e&t; H $/*o %pe/( te pre*%mpt"o& t$t te +e+# !$* e&+$*e( e*pe+"$// *"&+e pet"t"o&er <+$&&ot re+$//= te tr$&*$+t"o& be+$%*e "t o++%rre( 10 e$r* $o ,re+e"pt !$* "**%e( b pet"t"o&er-. 'eter te "**%$&+e of $ re+e"pt ,$++ept$&+e- for $ +e+# proe*Eeffe+t* p$me&t YDS
RATIO: •
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>e o%rt %pe/( te eK+ept"o& to rt. 1249 , de"iver of check !roduces !ament on" when encashed- ".e. "f te (ebtor "* pre@%("+e( b te +re("tor* %&re$*o&$b/e (e/$ "& pre*e&tme&t te (e/"er of te +e+# pro(%+e* p$me&t. >e $++ept$&+e of $ +e+# "mp/"e* $& %&(ert$#"& of (%e ("/"e&+e "& pre*e&t"& "t for p$me&t $&( "f e from !om "t "* re+e"e( *%*t$"&* /o** b !$&t of *%+ ("/"e&+e "t !"// be e/( to oper$te $* $+t%$/ p$me&t of te (ebt or ob/"$t"o& for !"+ "t !$* "e&. )t $* bee& e/( t$t "f &o pre*e&tme&t "* m$(e $t $// te (r$!er +$&&ot be e/( /"$b/e "rre*pe+t"e of /o** or "&@%r %&/e** pre*e&tme&t "* oter!"*e eK+%*e(. U&(er rt. 1249 p$me&t b !$ of +e+# or oter &eot"$b/e "&*tr%me&t "* +o&("t"o&e( o& "t* be"& +$*e( eK+ept !e& tro% te f$%/t of te +re("tor te "&*tr%me&t "* "mp$"re(. Mp$ee +re("tor; &o&p$me&t +$%*e( b "* &e/"e&+e !"// $e te effe+t of p$me&t H te ob/"$t"o& for !"+ te +e+# !$* "e& $* +o&("t"o&$/ p$me&t !"// be ("*+$re(O
MAMANALO
NEGOTIABLE INSTRUMENTS
CHECKS
SINCERE -. VILLANUEVA vs. MARLYN P. NITE G.R. No. 148211 | 25 JULY 2006 Petition to review the decision of the CA Corona, J. FACTS: •
ISSUE: HELD:
Re*po&(e&t N"te obt$"&e( $ /o$& of 409000.00 from "//$&%e$. 'eter te "**%$&+e of $ re+e"pt ,$++ept$&+e- for $ +e+# proe*Eeffe+t* p$me&t YDS
RATIO: •
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>e o%rt %pe/( te eK+ept"o& to rt. 1249 , de"iver of check !roduces !ament on" when encashed- ".e. "f te (ebtor "* pre@%("+e( b te +re("tor* %&re$*o&$b/e (e/$ "& pre*e&tme&t te (e/"er of te +e+# pro(%+e* p$me&t. >e $++ept$&+e of $ +e+# "mp/"e* $& %&(ert$#"& of (%e ("/"e&+e "& pre*e&t"& "t for p$me&t $&( "f e from !om "t "* re+e"e( *%*t$"&* /o** b !$&t of *%+ ("/"e&+e "t !"// be e/( to oper$te $* $+t%$/ p$me&t of te (ebt or ob/"$t"o& for !"+ "t !$* "e&. )t $* bee& e/( t$t "f &o pre*e&tme&t "* m$(e $t $// te (r$!er +$&&ot be e/( /"$b/e "rre*pe+t"e of /o** or "&@%r %&/e** pre*e&tme&t "* oter!"*e eK+%*e(. U&(er rt. 1249 p$me&t b !$ of +e+# or oter &eot"$b/e "&*tr%me&t "* +o&("t"o&e( o& "t* be"& +$*e( eK+ept !e& tro% te f$%/t of te +re("tor te "&*tr%me&t "* "mp$"re(. Mp$ee +re("tor; &o&p$me&t +$%*e( b "* &e/"e&+e !"// $e te effe+t of p$me&t H te ob/"$t"o& for !"+ te +e+# !$* "e& $* +o&("t"o&$/ p$me&t !"// be ("*+$re(O
MAMANALO
