Course Outline (A.
Y 2020-
2021) LLb 328 - Special
Commercial Laws (VI)
Page 1 of10
These are the official list from the LMS. Please ne guided. Submit your case briefs to your
leaders. Use the format posted by Atty. Maylon as your guidelines. Ma check na ninyo both sa
email and gclassrom.
Deadline sa inyo assigned case digests kay this Friday October 28, 2021 , 8 PM. Para ma compile
pa nato and we will be prepared sa iyang class since socratic method iya . Expect nalang ta na
mag recits jud siya so mas maayu andam ta . Tinabangay ta as a class. Thank you
Group 1
Leader : Danica B. Osorio- Dubluis
1.) ALBARANDO , NICOLO DELFIN
2.) AMPER, KIMBERLY LOURDES TINA
3.) BACOLOD , BERNADETH
4.) BASUBAS, TITO NEIL
5.) CABONEGRO , GERALD
6.) COLLO , DENMARK
7.) CUYUDA , MARK VICTOR
Group 2
Leader : Philips Lufrangco
1.) CUYOS , CARREN PAULET
2.) DACLAN, DANILO
3.) DIGO , MICHAEL ELY
4.) IT-IT , MARIE SHARMAINE
5.) LUMANTAO , RAYMUND
6.) NASOL , VANESSA
7.) DIGOL , RIEZL DAWN
Group 3
Leader : Victoria Ashley P. Pepito
1.) PAGES , CHARLES BRIAN
2.) PAW , ARTHUR RYAN
3.) QUINANOLA , ALLAN
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Course Outline (A.Y 2020-
2021) LLb 328 - Special
Commercial Laws (VI)
Page 2 of10
4.) REGIDOR , MARISTELA
5.) SAGARINO , DAPNEE
6.) TOMILAP , BHENZ BRYLE NINO
7.) TRIA , NINOTCHKA II
LETTERS OF CREDIT
A. Definition and nature
1.)Prudential Bank v. Intermediate Appellate court, GR. No. 74886, 08 Dec
1992 (DUBLUIS)
2.) Bank ofAmerica, NT & SA v. Court ofAppea1s, GR. No. 105395, 10
Dec 1993 (DUBLUIS)
3.) Metropolitan Waterworks and Sewerage System v. Daway, G.R. No
160732, 21 Jun 2004 (DUBLUIS)
4.)Feati Bank & Trust co. v. Court ofAppeals, GR. No. 94209, 30 Apr 1991
(DUBLUIS)
5.)Reliance Commodities, Inc. v. Daewoo Industrial co., Ltd., GR. No.
100831, 17 Dec 1993 (ALBARANDO)
6.)Lee v. Court ofAppea1s, GR. Nos. 117913 & 117914, 01 Feb 2002
(ALBARANDO)
B. Laws governing letter of credit
7.)Bank ofthe Philippine Islands v. De Reny Fabric Industries, Inc , G.R. No L-
24821, 16 Oct 1970 (ALBARANDO)
8.)Bank ofAmerica, IVT& SA v. Court ofAppea1s, GR. No. 105395, 10 Dec
1993 (ALBARANDO)
C. Parties
9.)Bank ofAmerica, NT & SA v. Court ofAppea1s, GR. No. 105395, 10 Dec
1993 (AMPER)
10.)Lee v. Court ofAppea1s, GR. Nos. 117913 & 117914, 01 Feb 2002
(AMPER)
11.)Metropolitan Waterworks and Sewerage System v. Daway, GR. No
160732, 21 Jun 2004 (AMPER)
D. Perfection
12.)Belman Compañia Incorporada v. Central Bank ofthe Philippines, GR. No
L-10195, 29 Nov 1958 (AMPER)
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Course Outline (A.Y 2020-
2021) LLb 328 - Special
Commercial Laws (VI)
Page 3 of10
13.)Johannes Schuback & Sons Philippine Trading Corp. v. Court ofAppeals,
G.R. No. 105387, 11 Nov 1993 (BACOLOD)
E. Rights and obligations of parties
a. Applicant
b. Issuing bank
c. Beneficiary
d. Advising/notifying bank
e. Paying bank
f. Confirming bank
14.)Bank ofthe Philippine Islands v. De Reny Fabric Industries, Inc ,
GR. No L-24821, 16 Oct 1970 (BACOLOD)
15.)Insular Bank ofAsia & America v. Intermediate Appellate Court,
GR. No. 74834, 17 Nov 1988 (BACOLOD)
16.)Phillppine Viœinia Tobacco Administration v. De Los Angeles, G.R.
No. L-27829, 19 Aug 1988 (BACOLOD)
17.)Reliance Commodities, Inc. v. Daewoo Industrial co., Ltd., GR. No.
100831, 17 Dec 1993 (BASUBAS)
18.)Prudential Bank v. Intermediate Appellate court, GR. No. 74886, 08
Dec 1992 (BASUBAS)
19.)Rodzssen supply co. Inc v. Far East Bank & Trust co., GR. No.
109087, 09 May 2001 (BASUBAS)
20.)Abadv. Court ofAppea1s, GR. No. L-42735, 22 Jan 1990 (BASUBAS)
21.)Consolidated Bank & Trust corp. v. Court ofAppea1s, GR. No.
114286, 19 Apr 2001(CABONEGRO)
22.)Marphil Export corp. v. Allied Banking corp. , GR. No. 187922, 21
sep 2016 (CABONEGRO)
23.)Bank ofAmerica, IVT& SA v. Court ofAppea1s, GR. No. 105395,
10 Dec 1993 (CANONEGRO)
24.) Feati Bank & Trust co. v. Court ofAppea1s, GR. No. 94209, 30
Apr 1991 (CABONEGRO)
F Kinds
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Course Outline (A.Y 2020-
2021) LLb 328 - Special
Commercial Laws (VI)
Page 4 of10
a. Commercial and standby letter of credit
25.)Insular Bank ofAsia & America v. Intermediate Appellate Court,
GR. No 74834, 17 Nov 1988 (COLLO)
26.)Bank ofAmerica, IVT& SA v. Court ofAppea1s, GR. No. 105395,
10 Dec 1993 (COLLO)
27.)Transfìeld Philippines, Inc v. Luzon Hydro corp., GR. No. 146717,
22 (COLLO)
Nov 2004 (with Resolution)
b. Irrevocable and revocable letter of credit
28.)Philippine Vipginia Tobacco Administration v. De Los Angeles,
G.R. No (COLLO)
L-27829, 19 Aug 1988
c. Confirmed and unconfirmed letter of credit
29.)Feati Bank & Trust co. v. Court ofAppea1s, GR. No. 94209, 30 Apr
1991 (CURADA)
0/42
G. Basic principles of letter of credit
a. Doctrine of independence
30.)Keng Hua Paper Products co. Inc v. Court ofAppea1s, GR. No.
116863, 12 Feb 1998 (CURADA)
31.)Transfìeld Philippines, Inc. v. Luzon Hydro corp., GR. No. 146717,
22 Nov 2004 (with Resolution) (CURADA)
32.)Feati Bank & Trust co. v. Court ofAppea1s, GR. No. 94209, 30 Apr
1991 (CURADA)
33.)Bank ofthe Philippine Islands v. De Reny Fabric Industries, Inc ,
G.R. No L-24821, 16 Oct 1970 (LUFRANGCO)
34.)Land Bank of the Phils. v. Monet's Export and Manufacturing
Corp., GR. No. 161865, 10 Mar 2005 (LUFRANGCO)
35.)Philippine National Bank v. San Miguel corp., GR. No. 186063, 15
Jan 2014 (LUFRANGCO)
36.)The Hongkong & Shanghai Banking Corp., Limited v. National
Steel corp., GR. No. 183486, 24 Feb 2016 (LUFRANGCO)
37.)Insular Bank ofAsia & America v. Intermediate Appellate Court,
GR. No 74834, 17 Nov 1988 (CUYOS)
b. Fraud exception pnnciple
38.)Transfìeld Philippines, Inc v. Luzon Hydro corp., GR. No. 146717,
22
Nov 2004 (with Resolution) (CUYOS)
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Course Outline (A.Y 2020-
2021) LLb 328 - Special
Commercial Laws (VI)
Page 5 of10
c. Doctrine of strict compliance
39.)Feati Bank & Trust co. v. Court ofAppea1s, GR. No. 94209, 30 Apr
1991 (CUYOS)
40.)The Hongkong & Shanghai Banking Corp., Limited v. National
Steel corp., GR. No 183486, 24 Feb 2016 (CUYOS)
TRUSTS RECEIPT LAW
A Definition and purpose
1.)South City Homes, Inc. v. BA Finance corp., GR. No. 135462, 07 Dec 2001
(DACLAN)
2.) Ching v. Court ofAppea1s, GR. No. 110844, 27 Apr 2000 (DACLAN)
3.)Lee v. Court ofAppea1s, GR. Nos. 117913 & 117914, 01 Feb 2002
(DACLAN)
4.)Spouses Vintola v. Insular Bank ofAsia and America, GR. No. 73271, 29
May 1987 (DACLAN)
5.)Rosario Textile Mills Corp. v. Home Bankers Savings and Trust Co., GR.
No. 137232, 29 Jun 2005 (DIGOL)
6.)Colinares v. Court ofAppea1s, GR. No. 90828, 05 sep 2000 (DIGOL)
7.)Consolidated Bank & Trust corp. v. Court ofAppea1s, GR. No. 114286, 19
Apr 2001 (DIGOL)
8.)Ngv. People, GR. No. 173905, 23 Apr 2010 (DIGOL)
9.)Land Bank ofthe Phils. v. Perez, GR. No. 166884, 13 Jun 2012 (IGOT)
10.)Hur Tin Yang v. People, GR. No. 195117 (Resolution), 14 Aug 2013
(IGOT)
11.)Spouses Dela Cruz v. Planters Products, Inc , GR. No. 158649, 18 Feb
2013 (IGOT)
12.)People v. Nitafan, GR. Nos. 81559-60, 06 Apr 1992 (IGOT)
13.)Metropolitan Bank and Trust co. v Tonda, GR. No. 134436, 16 Aug 2000
(IT-IT)
B. Nature of entruster's title
14.)Colinares v. Court ofAppea1s, GR. No. 90828, 05 sep 2000 (IT-IT)
15.)Development Bank ofthe Phils v. Prudential Bank, GR. No. 143772, 22
Nov 2005 (IT-IT)
C. Form and contents
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Course Outline (A.Y 2020-
2021) LLb 328 - Special
Commercial Laws (VI)
Page 6 of10
D. Parties
E. Concept of trust receipt transaction
a. Loan/security feature
b. Ownership of the goods, documents and instruments under a trust
receipt
16.)Spouses Nacu v. Court ofAppea1s, GR. No. 108638, 11 Mar 1994
(IT-IT)
17.)Spouses Vintola v. Insular Bank ofAsia and America, GR. No.
73271, 29 May 1987 (LUMANTAO )
18.)Rosario Textile Mills Corp. v. Home Bankers Savings and Trust
Co., GR. No. 137232, 29 Jun 2005 (LUMANTAO)
E Coverage of trust receipts transaction
19.)Robles v Court ofAppea1s, GR. No. 59640, 15 Jul 1991
(LUMANTAO)
20.)Allied Banking corp. v. Ordoñez, GR. No. 82495, 10 Dec 1990
(LUMANTAO)
21.) Ngv. People, GR. No. 173905, 23 Apr 2010 (NASOL)
G. Rights of the entrusters
22.)Prudential Bank v. National Labor Relations Commission, GR. No.
112592, 19 Dec 1995 (NASOL)
23.)Landl & Company (Phil.) Inc. v Metropolitan Bank & Trust co., GR. No
159622, 30 Jul 2004 (NASOL)
H. Obligations and liability of the entrustee
24.)Colinares v. Court ofAppea1s, GR. No. 90828, 05 sep 2000 (NASOL)
25.)Consolidated Bank & Trust corp. v. Court ofAppea1s, GR. No. 114286, 19
Apr 2001 (PEPITO)
26.)Ngu People, GR. No. 173905, 23 Apr 2010 (PEPITO)
27.)Land Bank ofthe Phils. v. Perez, GR. No. 166884, 13 Jun 2012 (PEPITO)
28.)Hur Tin Yang v. People, GR. No. 195117 (Resolution), 14 Aug 2013
(PEPITO)
29.)Ramos v Court ofAppea1s, GR. Nos L-39922-25, 21 Aug 1987 (PAGES)
30.) GR. No. L-58476, 02 sep 1983 (PAGES)
31.) Pilzpinas Bankv. Ong, GR. No. 133176, 08 Aug 2002 (PAGES)
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Course Outline (A.Y 2020-2021)
LLb 328 - Special Commercial Laws (VI)
Page 7 of10
Payment/delivery of proceeds of sale or disposition of goods, documents or instruments
I. Return of goods, documents or instruments m case of non-sale
32.)Spouses Vintola v. Insular Bank ofAsia and America, GR. No. 73271, 29 May
1987 (PAGES)
33.)Ching v. Court ofAppea1s, GR. No 110844, 27 Apr 2000 (PAW)
34.)Land Bank ofthe Phils. v. Perez, GR. No. 166884, 13 Jun 2012 (PAW)
J. Liability for loss or goods, documents or instruments
35.) Rosario Textile Mills Corp. v. Home Bankers Savings and Trust Co., GR. No.
137232, 29 Jun 2005M(PAW)
K. Penal sanctions if offender is a corporation
a. Criminal liability of directors, officers and agents
36.)ongv. Court ofAppea1s, GR. No. 119858, 29 Apr 2003 (PAW)
37.) Ching v. Secreta,y ofJustice, GR. No. 164317, 06 Feb 2006M
(QUINANOLA)
b. Directors and officers of the corporation not civilly liable unless they
assum personal liability
38.) Tupaz IV v Court ofAppeals, GR. No. 145578, 18 Nov 2005
(QUINANOLA)
L. Remedies
39.)Spouses Vintola v. Insular Bank ofAsia and America, GR. No. 73271, 29 May
1987 (QUINANOLA)
40.)SarmientoJr. v. Court ofAppea1s, GR. No. 122502, 27 Dec 2002
(QUINANOLA)
41.)Philippine National Bank v Pineda, GR. No. L-46658, 13 May 1991
(REGIDOR)
42.)Landl & Company (Phil.) Inc. v. Metropolitan Bank & Trust co., GR. No
159622, 30 Jul 2004 (REGIDOR)
43.)Landl & Company (Phil.) Inc. v. Metropolitan Bank & Trust co., GR. No
159622, 30 Jul 2004 (REGIDOR)
M. Letter of credit vis-à-vis trust receipt transactions
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Course Outline (A.Y 2020-2021)
LLb 328 - Special Commercial Laws (VI)
Page 8 of10
44.) Rizal Commercial Banking Corp. v. Alfa RTW Manufacturing Corp., GR. No.
133877, 14 Nov 2001 (REGIDOR)
WAREHOUSE RECEIPT LAW
A. General concepts (Sec. 1-7)
a. Purpose and coverage
b. Definition
Warehouse receipt (Arts 1507-1520, Civil Code)
ii. Warehouseman (Sec. 58)
Ili. Warehouse
c. Who may issue warehouse receipts? (Sec. 1)
d. Form and content of warehouse receipts (Sec. 2)
e. Effect of omission of any of the essential terms
1.) Gonzales v Go Tiong, GR. No. L-11776, 30 Aug 1958 (SAGARINO)
f. Terms that cannot be included (Sec. 3)
B. Obligations and rights of a warehouseman
a. Obligation to deliver (Secs. 8-19, 36, & 58)
b. Liability for goods (Secs. 20-26)
c. Warehouseman's lien (Secs. 31-36)
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Course Outline (A.Y 2020-2021)
LLb 328 - Special Commercial Laws (VI)
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C. Duties of a warehouseman
D. Who is a warehouseman
a. Principal obligations of a warehouseman
b. Lawful excuses to deliver goods
c. In case of misdelivery
d. Altered receipts
e. Liability of warehouseman
E. Kinds
a. Negotiable warehouse receipt (Secs. 5-6 & 47)
2.) Philippine National Bank v. Noah's Ark sugar GR. No. 107243, 01
sep 1993 (SAGARINO)
b. Non-negotiable warehouse receipt (Secs. 4, 7, 39, 45, & 46)
F. Distinction between a negotiable instrument and a negotiable warehouse receipt
G. Rights of a holder of a negotiable warehouse receipt vs. rights of a transferee of a non-
negotiable warehouse receipt
3.) Philippine National Bankv. sayo, Jr., GR. No. 129918, 09 Jul 1998 (SAGARINO)
H. Assignment and negotiation (Secs. 37-49)
a. Transfer of title
b. Rights acquired
c. Vendor's lien
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Course Outline (A.Y 2020-2021)
LLb 328 - Special Commercial Laws (VI)
Page 10 of10
d. Pledge of receipt
4.) Bank ofthe Philippine Islands v. Herridge, GR. Nos. 21000, 21002-21004 &
21006, 20 Dec 1924 (SAGARINO)
I. Warehouse's lien
a. Extent (Sec. 27)
b. Loss and waiver of lien (Sec. 29)
c. Enforcement (Secs. 28 & 36)
J. Warehouse defenses for non-delivery or misdelivery
a. Legal excuses
5.)Philippine National Bankv. sayo, Jr, GR. No. 129918, 09 Jul 1998
(TOMILAP)
b. Effect if no excuse
K. Criminal offenses (Secs. 50-55, 24, 6, 10, 7, 33-34, 20-21, & 11)
L. Case/s:
6.)Liberata Antonio Estrada v. Court ofAgrarian Relations, GR. Nos. L-17481 and
L-17537 to 17559 (Resolution), 15 Aug 1961 (TOMILAP)
7.)Consolidated Terminals, Inc. v. Artex Development co., Inc., GR. No. L-25748,
10 Mar 1975 (TOMILAP )
8.)Philippine National Bankv se, Jr., GR. No. 119231, 18 Apr 1996 (TOMILAP)
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