Civil Law

BAKSH v. CA G.R. No. 97336 February 19, 1993 Article 21 of the New Civil Code, Breach of Promise to Marry

FACTS: Private respondent Marilou Gonzales  filed with the trial court a complaint for damages against petitioner Gasheem Shookat Baksh, for the alleged violation of their agreement to get married.  Gonzales is a twenty-two year old, single Filipina. Petitioner, on the other hand, is an Iranian citizen, and is an exchange student taking a medical course… Read More BAKSH v. CA G.R. No. 97336 February 19, 1993 Article 21 of the New Civil Code, Breach of Promise to Marry

Civil Law

LORIA v. MUÑOZ G.R. No. 187240 October 15, 2014 J. Leonen Unjust Enrichment, Art. 22.

FACTS:  Carlos A. Loria invited Ludolfo P. Muñoz, Jr. to advance ₱2,000,000.00 for a subcontract of a ₱50,000,000.00 river-dredging project in Guinobatan. Loria represented that he would make arrangements such that Sunwest Construction and Development Corporation would turn out to be the lowest bidder for the project.  After the award to Sunwest, Sunwest would subcontract… Read More LORIA v. MUÑOZ G.R. No. 187240 October 15, 2014 J. Leonen Unjust Enrichment, Art. 22.

Civil Law

SPS. CARBONELL v. METROPOLITAN BANK G.R. No. 178467 April 26, 2017 Damnum Absque Injuria, General Banking Act, Damages

FACTS: Petitioners filed an action for damages against the respondent, alleging that they had experienced emotional shock, mental anguish, public ridicule, humiliation, insults and embarrassment during their trip to Thailand because of the respondent’s release to them of five US$ 100 bills that later on turned out to be counterfeit. They claimed that they withdrew… Read More SPS. CARBONELL v. METROPOLITAN BANK G.R. No. 178467 April 26, 2017 Damnum Absque Injuria, General Banking Act, Damages

Civil Law

PNB v. NEPOMUCENO PRODUCTIONS, INC. G.R. No. 139479. December 27, 2002 Act No. 3135, Extrajudicial Foreclosure of Mortgages on Real Property, Requisites of a Valid Waiver

FACTS: Petitioner PNB granted respondents a 4 Million Pesos (P4,000,000.00) credit line to finance the filming of the movie “Pacific Connection.” The loan was secured by mortgages on respondents’ real and personal properties, to wit: (1) a parcel of land located in Malugay Street, Makati; (2) a parcel of land in Forbes Park, Makati;  and… Read More PNB v. NEPOMUCENO PRODUCTIONS, INC. G.R. No. 139479. December 27, 2002 Act No. 3135, Extrajudicial Foreclosure of Mortgages on Real Property, Requisites of a Valid Waiver

Mercantile Law

Transfield Philippines, Inc. v. Luzon Hydro Corporation, G.R. No. 146717, Nov. 22, 2004 “Independence Principle” and “Fraud Exception Rule” in Letters of Credit

FACTS: Petitioner and respondent LHC entered into a Turnkey Contract whereby petitioner, was given the sole responsibility for the design, construction, commissioning, testing and completion of the a seventy (70)-Megawatt hydro-electric power station Project. To secure performance of petitioner’s obligation on or before the target completion date, petitioner opened in favor of LHC two (2)… Read More Transfield Philippines, Inc. v. Luzon Hydro Corporation, G.R. No. 146717, Nov. 22, 2004 “Independence Principle” and “Fraud Exception Rule” in Letters of Credit

Mercantile Law

BANK OF COMMERCE v. TERESITA S. SERRANO G.R. NO. 151895 February 16, 2005 Letter of Credit vs. Trust Receipt

FACTS: Via Moda International, represented by respondent Serrano, as its General Manager and Treasurer, obtained an export packing loan from petitioner BOC, secured by a Deed of Assignment over Irrevocable Transferable Letter of Credit.  BOC issued to Via Moda an irrevocable Letter of Credit for the purchase and importation of fabric and textile products from… Read More BANK OF COMMERCE v. TERESITA S. SERRANO G.R. NO. 151895 February 16, 2005 Letter of Credit vs. Trust Receipt

Mercantile Law

RELIANCE COMMODITIES, INC. v. DAEWOO INDUSTRIAL CO., LTD. Letter of Credit as a Mode of Payment

FACTS: On 9 January 1980, petitioner Reliance, as buyer, and respondent Daewoo, as seller, entered into a contract of sale of 2,000 metric tons of foundry pig iron. Upon arrival in Manila, the subject cargo was found to be short of 135.655 metric tons. Only 1,864.345 metric tons were discharged and delivered to Reliance. On… Read More RELIANCE COMMODITIES, INC. v. DAEWOO INDUSTRIAL CO., LTD. Letter of Credit as a Mode of Payment

Civil Law, Constitutional Law

Sps. DACUDAO v. SECRETARY OF JUSTICE G.R. No. 188056, January 08, 2013 Right to Speedy Disposition of Cases, Laws with Retroactive Effect

FACTS:  Petitioners were among the investors whom Celso G. Delos Angeles, Jr. and his associates in the Legacy Group of Companies allegedly defrauded through the Group’s “buy back agreement” that earned them check payments that were dishonored.  They initiated a number of charges for syndicated estafa against Delos Angeles, Jr., et al. in the Office… Read More Sps. DACUDAO v. SECRETARY OF JUSTICE G.R. No. 188056, January 08, 2013 Right to Speedy Disposition of Cases, Laws with Retroactive Effect

Bar Q & A, Corporation Law, Insurance, Intellectual Property Law, Mercantile Law

SUGGESTED ANSWERS TO THE 2014 BAR EXAMINATION QUESTIONS IN MERCANTILE LAW

UP Law Center I. Carlo and Bianca met in the La Boracay festivities. Immediately, they fell in love with each other and got married soon after. They have been cohabiting blissfully as husband and wife, but they did not have any offspring. As the years passed by, Carlo decided to take out an insurance on… Read More SUGGESTED ANSWERS TO THE 2014 BAR EXAMINATION QUESTIONS IN MERCANTILE LAW