Uber Digests | Mercantile Law
class="archive category category-mercantile-law category-2500 wpb-js-composer js-comp-ver-3.6.12 vc_responsive"


Mercantile Law

Rural Bank of Bokod (Benguet), Inc. vs Bureau of Internal Revenue

511 SCRA 123 – Mercantile Law – General Banking Law – Liquidation of Banking Institutions In 1986, the Rural Bank of Bokod (Benguet), Inc. (RBBI) was investigated by the Bangko […]

August 9, 2014

Wells Fargo Banks & Union Trust Company vs Collector of Internal Revenue

70 Phil. 325 – Mercantile Law – Corporation Code – Shares of Stock – Situs of Shares of Stock In September 1932, Birdie Lillian Eye died in Los Angeles, California, […]

August 7, 2014

Rosa Fariñas vs Estate of Florencio Buan

Mercantile Law – Transportation Laws – Certificate of Public Convenience – Requirement for Financial Stability of Franchise Operators In 1955, Rosa Fariñas filed an application  for the registration of 5 […]

February 21, 2014

Wilson Gamboa vs Secretary Margarito Teves

Mercantile Law – Corporation Code – Capital – What “Capital” means In 1928, the Philippine Long Distance Telephone Company (PLDT) was granted a franchise to engage in the business of […]

February 15, 2014

Spouses Teodoro and Nanette Pereña vs Spouses Nicolas and Teresita Zarate

Civil Law – Common Carrier – Private School Transport are Common Carriers Torts and Damages – Heirs of a high school student may be awarded damages for loss income  In […]

January 28, 2014

Land Bank of the Philippines vs Court of Appeals

Commercial Law – Corporation Law – Veil of Corporate Fiction – Corporate Name  In 1980, ECO Management Corporation (ECO) obtained loans amounting to about P26 million from Land Bank. ECO […]

January 16, 2014

Malayang Samahan ng mga Manggagawa sa M. Greenfield vs Cresencio Ramos

Commercial Law – Corporation Law – Veil of Corporate Fiction – Illegal Dismissal Cases  In February 1990, M. Greenfield, Inc. (MGI), through its officers Saul Tawil, Carlos Javelosa, and Renato […]

January 15, 2014

Benedicto Hornilla vs Ernesto Salunat

Commercial Law – Corporation Law – Derivative Suit Legal Ethics – Conflict of Interests Benedicto Hornilla and Federico Ricafort were members of the Philippine Public School Teachers Association (PPSTA). In […]

January 14, 2014

Jacinto Retuya vs Salic Dumarpa

Commercial Law – Corporation Law – Doctrine of Separate Identity – Veil of Corporate Fiction  Antonio Murillo is the majority owner of Insular Builders, Inc. His son, Rodolfo Murillo is […]

January 14, 2014

MR Holdings, Ltd. vs Sheriff Carlos Bajar

Commercial Law – Corporation Law – License Requirement – Foreign Corporation – Being an assignee does not automatically mean “doing business”  Marcopper Mining Corporation was unable to pay its loans […]

January 14, 2014

Hutchison Ports Philippines Limited vs Subic Bay Metropolitan Authority

Commercial Law – Corporation Law – Foreign Corporation – License Requirement  In 1996, Hutchison Ports Philippines Limited  (HPPL)won a public bidding made by the Subic Bay Metropolitan Authority (SBMA). The […]

January 14, 2014

AF Realty & Development, Inc. vs Dieselman Freight Services, Co.

Commercial Law – Corporation Law – Power of the Board – Ultra Vires Acts of Corporate Officers – Agency In 1988, Manuel Cruz, Jr., a board member of Dieselman Freight […]

January 9, 2014

FCY Construction Group, Inc. vs Court of Appeals

Commercial Law – Corporation Law – Corporation has identity separate and distinct from incorporators FCY Construction Group, Inc.  (FCY) was awarded a contract by the Department of Public Works and […]

January 9, 2014

Prime White Cement Corporation vs Intermediate Appellate Court

220 SCRA 103 – Commercial Law – Corporation Code – Award of Moral Damages to Corporations – Self-Dealing Director In July 1969, Zosimo Falcon and Justo Trazo entered into an […]

January 8, 2014

Chan Wan vs Tan Kim et al

109 Phil 706 – Commercial Law – Negotiable Instruments Law – Negotiation after Dishonor – Holder in Due Course Tan Kim and her husband (Chen So) issued 11 checks payable […]

December 27, 2013

Enrique Montinola vs Philippine National Bank

88 Phil 178 – Commercial Law – Negotiable Instruments Law – Alteration – Assignee – Partial Indorsement In May 1942, Ubaldo Laya, as provincial treasurer of Misamis Oriental issued a […]

December 20, 2013

Charles Fossum vs Fernandez Hermanos et al

44 Phil 713 – Commercial Law – Negotiable Instruments Law – Presumption as to who is a “Holder in Due Course”  In 1919, the Fernandez Hermanos (FH) contracted with the […]

December 20, 2013

Ang Tiong vs Lorenzo Ting et al

22 SCRA 713 – Commercial Law – Negotiable Instruments Law – Accommodation Party – General Indorser  In August 1960, Lorenzo Ting issued a check in the amount of P4,000.00 payable […]

December 17, 2013

Jose Ponce De Leon vs Rehabilitation Finance Corporation et al

36 SCRA 289 – Commercial Law – Negotiable Instruments Law – Payable on Demand  On October 8, 1951, Jose Ponce De Leon and Francisco Soriano took out a loan from […]

December 16, 2013

Victoria Vda. De Gaston vs Republic of the Philippines

19 SCRA 685 – Commercial Law – Negotiable Instruments Law – Payable on Demand – Meaning of “Reasonable Time”  In the months of April, May, June, July, and December 1943, […]

December 16, 2013

Philippine Education Co., Inc. vs Mauricio Soriano, et al

39 SCRA 587 – Commercial Law – Negotiable Instruments Law – Postal Money Orders Not Negotiable Instruments In April 1958, a certain Enrique Montinola was purchasing ten money orders from […]

December 14, 2013

Florentina Lozano vs Judge Antonio Martinez et al

146 SCRA 323 – Commercial Law – Negotiable Instruments Law – Constitutionality of BP 22 This case is a consolidation of 8 cases regarding violations of the Bouncing Checks Law […]

December 12, 2013

Benjamin Abubakar vs The Auditor General

81 Phil. 359 – Commercial Law – Negotiable Instruments Law – Treasury Warrants In 1941, a treasury warrant was issued in favor of Placido Urbanes, a government employee in the […]

November 29, 2013

2013 Commercial Law Exam MCQs

[Below are the Multiple Choice Questions asked in the 2013 Bar Exams in Labor Law. ] 1. Claude, the registered stockholder of 1000 shares in ABC Corp., pledged the shares […]

October 29, 2013

2013 Commercial Law Exam Essay Questions

I. Antonio issued the following instrument: August 10, 2013 Makati City P100,000.00 Sixty days after date, I promise to pay Bobby or his designated representative the sum of ONE HUNDRED […]

October 29, 2013

Rosita Peña vs Court of Appeals

193 SCRA 717 – Business Organization – Corporation Law – Board resolutions may be questioned by third persons – Board Meetings – Quorum – Sale of Corporate Properties In 1962, […]

March 5, 2013

Madrigal & Company, Inc. vs Ronaldo Zamora

151 SCRA 355 – Business Organization – Corporation Law – Cash Dividends Madrigal & Company, Inc. (MCI) manages the business of another corporation, Rizal Cement Co., Inc. (RCC). In 1973, […]

February 23, 2013

Tam Wing Tak vs Ramon Makasiar

Business Organization – Corporation Law – Ultra Vires Acts of Corporate Officers – Derivative Suit  Sometime before November 1992, Vic Ang Siong issued a check to Concord-World Properties, Inc. The […]

February 22, 2013

Safic Alcan & Cie vs Imperial Vegetable Oil Co., Inc.

Business Organization – Corporation Law – Ultra Vires Acts of Corporate Officers  In 1985, Safic Alcan & Cie (SAC), a corporation, entered into an agreement with Imperial Vegetable Oil Co., […]

February 14, 2013

First Philippine International Bank vs Court of Appeals

252 SCRA 259 – Business Organization – Corporation Law – Liability of the Corporation – Apparent Authority In 1987, the a manager of First Philippine International Bank (FPIB), Mercurio Rivera, […]

February 6, 2013

Yao Ka Sin Trading vs Court of Appeals

209 SCRA 763 – Business Organization – Corporation Law – Liability of Officers – Apparent Authority In 1973, Constancio Maglana, president of Prime White Cement Corporation, sent an offer letter […]

February 6, 2013

Trinidad Francisco vs Government Service Insurance System

7 SCRA 577 – Business Organization – Corporation Law – Corporate Liability  In 1956, Trinidad Francisco obtained a P400k loan from the Government Service Insurance System (GSIS). She secured the […]

February 5, 2013

Ignacio Vicente vs Ambrosio Geraldez

52 SCRA  210 – Business Organization – Corporation Law – Delegation of Corporate Powers – Compromise Agreement  In 1967, HI Cement Corporation was granted authority to operate mining facilities in […]

February 4, 2013

ABS-CBN Broadcasting Corporation vs Court of Appeals

301 SCRA 572 – Business Organization – Corporation Law – Delegation of Corporate Powers – Moral Damages In 1992, ABS-CBN Broadcasting Corporation, through its vice president Charo Santos-Concio, requested Viva […]

February 4, 2013

Atrium Management Corporation vs Court of Appeals

353 SCRA 23 – Business Organization –  Corporation Law – Ultra Vires Act – Liability of Corporate Officers In 1981, Hi-Cement Corporation through Lourdes De Leon (its Treasurer) and Antonio […]

February 4, 2013

John Sy vs Tyson Enterprises, Inc.

119 SCRA 367 – Business Organization – Corporation Law – Business Address In 1979, Tyson Enterprises, Inc. filed a collection suit against Universal Parts Supply Corporation and its president John […]

February 3, 2013

Alhambra Cigar & Cigarette Manufacturing Company, Inc. vs Securities and Exchange Commission

24 SCRA 269 – Business Organization – Corporation Law – Corporate Lifespan On January 15, 1912, Alhambra Cigar & Cigarette Manufacturing Company, Inc. was incorporated. Its lifespan was for 50 […]

February 3, 2013

Pison-Arceo Agricultural and Development Corporation vs National Labor Relations Commission

279 SCRA 312 – Business Organization – Corporation Law – Suit Under a Corporate Name In 1988, a labor case for illegal dismissal was filed against Jose Edmundo Pison and […]

February 3, 2013

Laureano Investment & Development Corporation vs Court of Appeals

272 SCRA 253 – Business Organization – Corporation Law – Right To Sue Under A Corporate Name In 1988, Bormaheco, Inc. (Bormaheco) filed an ex-parte petition with the Registry of […]

February 2, 2013

Universal Mills Corporation vs Universal Textile Mills, Inc.

78 SCRA 62 – Business Organization – Corporation Law – Tradenames In 1953, Universal Textile Mills, Inc. (UTMI) was organized. In 1954, Universal Hosiery Mills Corporation (UHMC) was also organized. […]

February 2, 2013

Republic Planters vs Court of Appeals

216 SCRA 738 – Mercantile Law – Business Organization – Corporation Law – Liability of Officers – Exception – Change of Corporate Name  In 1979, World Garment Manufacturing (WGM), through […]

February 2, 2013

Boman Environmental Development Corporation vs Court of Appeals

167 SCRA  540 – Business Organization – Corporation Law – Jurisdiction – Intra-Corporate Dispute Nilcar Fajilan was a stockholder and the president of Boman Environmental Development Corporation (Boman). In 1984, […]

February 2, 2013

People of the Philippines vs Carlos Garcia y Pineda

271 SCRA 621 – Business Organization – Corporation Law – Corporation By Estoppel – Ostensible Corporation  In 1993, Carlos Garcia, Patricio Botero, and Luisa Miraples were accused of illegal recruitment. […]

February 2, 2013

Reynaldo Lozano vs Eliezer De Los Santos

274 SCRA 452 – Business Organization – Corporation Law – Jurisdiction of the SEC Reynaldo Lozano was the president of KAMAJDA (Kapatirang Mabalacat-Angeles Jeepney Drivers’ Association, Inc.). Antonio Anda was […]

January 27, 2013

Manuela Vda. De Salvatierra vs Lorenzo Garlitos

103 Phil 757 – Business Organization – Corporation Law – Separate and Distinct Personality – When Not Applicable  In 1954, Manuela Vda. De Salvatierra entered into a lease contract with […]

January 27, 2013

Commissioner of Internal Revenue vs Court of Appeals and A. Soriano Corp.

301 SCRA 152 – Business Organization – Corporation Law – Trust Fund Doctrine Don Andres Soriano (American), founder of A. Soriano Corp. (ASC) had a total shareholdings of 185,154 shares. […]

January 23, 2013

PMI Colleges vs National Labor Relations Commission

277 SCRA 462 – Business Organization – Corporation Law – By-laws and Innocent Third Persons  In 1991, PMI Colleges hired the services of Alejandro Galvan for the latter to teach […]

January 14, 2013

Enrique Salafranca vs Philamlife (Pamplona) Village Homeowners Association, Inc.

300 SCRA 469 – Business Organization – Corporation Law – By-Laws Must Not Impair Existing Rights In 1981, Enrique Salafranca was hired as an administrative officer by the Philamlife Village […]

January 14, 2013

Grace Christian High School vs Court of Appeals

281 SCRA 133 – Business Organization – Corporation Law – Members of the Corporate Board Grace Christian High School (GCHS) is an educational institution in Grace Village (QC?). Grace Village […]

January 14, 2013

Loyola Grand Villas Homeowners (South) Association, Inc. vs Court of Appeals

276 SCRA 681 – Business Organization – Corporation Law – Failure to File By-Laws In 1983, the Loyola Grand Villas Association, Inc. (LGVAI) was incorporated by the homeowners of the […]

January 14, 2013
NO MORE POSTS TO SHOW