special commercial laws syllabus

7/24/2019 Special Commercial Laws Syllabus

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Special Commercial Laws Complete and Updated CourseSyllabus

I. Letters of Credit

A. Defnition/concept

B. Governing laws

C. Nature o letter o credit

D. Parties to a letter o credit

1. Rights and oligations o parties

!. Basic principles o letter o credit

1. Doctrine o independence". #raud e$ception principle%. Doctrine o strict co&pliance

Cases'

1. (etropolitan )aterwor*s and +ewerage +,ste& v. -on. Re,naldo B. Dawa, and (a,nilad)ater +ervices nc. G.R. No. 102%" 3une "1 "4

". (ico (etals Corp. v. Court o Appeals and Philippine Ban* o Co&&unications G.R. No.112514 #e. 1 ""

%. 6ransfeld Philippines nc. v. 7u8on -,dro Corporation Australia and New 9ealand Ban*ingGroup 7i&ited and +ecurit, Ban* Corporation G.R. N:. 140212 Nov. "" "4

II. Warehouse Receipts Law (Act No. 2137)

A. Nature and unctions o a warehouse receipt

Defnition and nature o )arehouse Receipts

Purpose o the 7aw

)ho &a, issue )arehouse Receipts

#or& and content o )arehouse Receipts

!;ect o o&ission o an, o the essential ter&s

6er&s that cannot e included


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1. 6o who& delivered

".


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C. :ligations and liailit, o the entrustee

1. Pa,&ent/deliver, o proceeds o sale or disposition o goods docu&ents orinstru&ents

". Return o goods docu&ents or instru&ents in case o sale%. 7iailit, or loss o goods docu&ents or instru&ents

4. Penal sanction i o;ender is a corporation

D. Re&edies availale

Cases'

1. Develop&ent Ban* o the Philippines v. Prudential Ban* G.R. No. 14%22" Nov."" "?". 7andl @ Co&pan, Phil. nc. et al v. (etropolitan Ban* G.R. No. 1?50"" 3ul, %"4

%. Anthon, 7. Ng v. People o the Philippines G.R. N:. 12%5? April "% "1

I". The Chatte# $ort%a%e Law (Act 1!&' i re#. to Arts. 1'* 1'!* 21&ad 211 of the Ci+i# Code)

Preli&inaries'Defnition o Chattel (ortgage Characteristics Distinguished or Pledge

A. !ssential reuisites

B. #or&al reuisites

C. Registration when and where

!. Ateracuired propert,

#. Aterincurred oligation

G. Right o Eunior &ortgagee

-. #oreclosure procedure

. Rede&ption

3. Clai& or defcienc,

1. General rule". !$ception%. Article 14F4


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Cases'

1. nion Ban* v. 3uniat et al. G.R. No. 121?05 August 1 "11". Ac&e +hoe Ruer @ Plastic Corp and Chua Pac v. -on. Court o Appeals Producers

Ban* o the Philippines and Regional +heri; o Caloocan Cit, G.R. No. 1%?20August "" 1550

%. +ervicewide +pecialists nc. v. Court o Appeals -ilda 6ee and Alerto >illarica G.R.No. 114F Nove&er 15 1555

". Rea# ,state $ort%a%e Law (Act 313!* as a-eded / R.A. 11')

Preli&inaries'Arts. "1"4"1%1 Civil CodeDefnition o Real !state (ortgage Characteristics o R!( !ssential Reuisites Registration Reuire&ent

A. Coverage

B. Re&edies availale to &ortgagee upon deault o the &ortgagor

C. Need or special power o attorne,

D. Authorit, to oreclose e$traEudiciall,

!. Procedure

1 )here to fle" )here to sell% Posting reuire&ent4 Pulication reuire&ent

a. +uHcienc, o newspaper pulication. Need or repulication in case o postpone&ent

c. Personal notice to the &ortgagor when and when not needed

#. Possession , purchaser o oreclosed propert,

G. Re&ed, o detor i oreclosure is not proper

-. Rede&ption

a. )ho &a, redee&. A&ount o rede&ption pricec. Period or rede&ptiond. !;ect o pendenc, o action or annul&ent o sale

. )rit o possession


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a. (inisterial dut, o the court. !norce&ent against third partiesc. Pendenc, o action or annul&ent o sale

3. Annul&ent o sale

Cases'

1. #ortune (otors Phils. v. (etropolitan Ban* and 6rust Co&pan, G.R. No. 11?0FNove&er "F 1550

". GC Dalton ndustries nc. v. !uitale PC Ban* G.R. No. 121105 August "4 "5%. Develop&ent Ban* o the Philippines v. !nviron&ental Auatics nc. G.R. No.

124%"5 :ctoer " "14. +ps. >ictor and Grace :ng v. Court o Appeals G.R. No. 1"1454 3une F "?. +ps. Basilio and Nor&a -ilaga v. Rural Ban* o sulan G.R. No. 1252F1 April 2 "1

"I. Truth i Ledi% Act (R.A. 370!)

Preli&inaries' Rep. Act No. %20? Central Ban* Circular No. 1?F :ct. "5 150%

A. Purpose

B. :ligation o creditors to person to who& credit is e$tended

C. Covered and e$cluded transactions

D. Conseuences o nonco&pliance with oligation

Cases'

1. Develop&ent Ban* o the Philippines v. #elipe Arcilla G.R. No. 101%52 1014"0 3une% "?

". nited Coconut Planters Ban* v. +ps. Beluso G.R. No. 1?551" August 12 "2

"II. Ati-oe/ Lauderi% Law (R.A. 10&* as a-eded / R.A. 1)

A. Polic, o the law

B. Covered institutions

C. :ligations o covered institutions

D. Covered transactions


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!. +uspicious transactions

#. )hen is &one, laundering co&&itted

G. nlawul activities or predicate cri&es

-. Anti&one, laundering council

. #unctions

3. #ree8ing o &onetar, instru&ent or propert,


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I4. 5ecurities Re%u#atios Code (R.A. '7)

A. +tate polic, purpose

Case'

1. Aacus +ecurities Corp. v. Ruen . A&pil G.R. N:. 1010 #eruar, "2 "0

B. Powers and unctions o the +!C

1. Regulator,". AdEudicative

Case'

1. C!(C: -oldings nc. v. National 7ie nsurance Co&pan, othe Philippines nc. G.R. No. 121F1? August 2 "?

C. +ecurities reuired to e registered

1. !$e&pt securities". !$e&pt transactions

Case'

1. +ecurities and !$change Co&&ission v. Prosperit,.co& G.R. No. 104152 3anuar,"? "1"". Power -o&es nli&ited Corp. v. +ecurities and !$change Co&&ission G.R. No.1041F" #eruar, "0 "F

D. Procedure or registration o securities!. Prohiitions on raud &anipulation and insider trading

1. (anipulation o securit, prices". +hort sales%. #raudulent transactions4. nsider trading

#. Protection o investors

1. 6ender o;er rule

". Rules on pro$, solicitation%. Disclosure rule

G. Civil liailit,

4. ,#ectroic Co--erce Act (R.A. '72)

A. +tate polic,


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B. Coverage

1. !lectronic Data (essage ". !lectronic +ignature %. !lectronic Docu&ent

4. !lectronic

special commercial laws syllabus

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