Negotiable Instruments Law – Negotiable Instruments in General – 5 SCRA 745 – Rules of Construction
A promissory note dated march 12, 1954 was executed by Vicente Legarda, president of Concepcion Mining Company, and Jose Sarte. On the face of the promissory note partially reads:
NINETY DAYS after date, for value received, I promise …
Negotiable Instruments Law – Negotiable Instruments in General – 212 SCRA 448 – Bearer Instrument – Certificate of Time Deposit
In 1982, Angel de la Cruz obtained certificates of time deposit (CTDs) from Security Bank and Trust Company for the former’s deposit with the said bank amounting to P1,120,000.00. The said CTDs are couched …
Negotiable Instruments Law – Negotiable Instruments in General – 87 Phil 383 – Indorsement to “Cash” – Bearer Instrument
In 1946, Ang Tek Lian approached Lee Hua and asked him if he could give him P4,000.00. He said that he meant to withdraw from the bank but the bank’s already closed. In exchange, he …
Negotiable Instruments Law – Negotiable Instruments in General – 161 SCRA 518 – Certainty of Payee
In 1975, Liberato Casals, majority stockholder of Casville Enterprises, went to buy two garrett skidders (bulldozers) from Edward J. Nell Company amounting to P970,000.00. To pay the bulldozers, Casals agreed to open a letter of credit with the …
Negotiable Instruments Law – Negotiable Instruments in General – 34 SCRA 337 – Sum Certain in Money – Currency To Be Used
Octavio Kalalo is an engineer whose services were contracted by Alfredo Luz, an architect in 1961. Luz contracted Kalalo to work on ten projects across the country, one of which was an …
