LAWS ON NEGOTIABLE INSTRUMENTS

Atty. Deonnalynne Fernandez

Friday, 6:00-9:00p.m.

SUGGESTED READINGS:
The Law on Negotiable Instruments, Hector S. De Leon
Notes and Cases on Banking Law and Negotiable Instruments Law, Timoteo Aquino
Handbook on Negotiable Instruments, Aguedo Agbayani

METHOD OF EVALUATION:
Recitations/Class Activities 20%
Quizzes 20%
Midterm Examinations 30%
Final Examinations 30%

COURSE OUTLINE and LECTURE SCHEDULE

TOPICS COVERED REMARKS

July 12 Chapter 1. General Considerations Recitations/Discussion
- Introductory Concepts
- The Negotiable Instruments Law
- Forms of Negotiable Instruments
- Functions and kinds of Negotiable
Instruments
- Negotiable vs Non Negotiable
Instruments
- Stages in the life of a Negotiable
Instrument

Chapter 2. Negotiability
- Requisites of Negotiability
- How Negotiability is determined
- Omissions and Provisions that do
not affect negotiability

Chapter 3. Interpretation of Instruments

- Effects
- Rules that apply in case of
ambiguity
July 19 Chapter 4. Transfer and Negotiation Recitations/Discussion
- Modes of Transfer
- How Negotiation takes place
- Rules on what constitutes
valuable consideration for
purposes of issuance and
negotiation of Negotiable
Instruments
- Indorsement
- Kinds of Indorsements
- Special Indorsements
- Indorsement in blank
- When indorsement is restrictive
- Effect of restrictive indorsement
- Rights of indorsee
- Qualified indorsement
- Conditional indorsement
- Effect of striking out indorsement
- Effect of transfer without
indorsement

July 26 QUIZ
Aug 2 TAKE HOME QUIZ: Online Submission Submission:
August 3, 2019
12 noon.
Aug 9 PRELIM EXAMS: Case Digest Submission:
Aug 30, 2019
6:00 p.m
Aug 16 FOUNDER’S DAY NO CLASSES

Aug 23 Chapter 5. Holders

- Rights of holders in general
- Requisites of a holder in due
course
- Rights of holder in due course
- Rights of a holder in bills in set
- Liability of holders who indorses
two or more parts

Aug 30 Chapter 6. Parties who are liable

- Primary and Secondary Liability
- Warranties of Indorsers
- Agent
- Liabilities of Accomodation
Parties
Sept 6 Chapter 7. Defenses
- Real Defenses vs. Personal
Defenses

Sept 13 Chapter 8. Enforcement of Liability

- Steps in enforcing liability
- Presentment for payment
- Notice of Dishonor
- Presentment for acceptance
- Kinds of acceptance
- Protest

Sept 20 MIDTERM EXAMINATIONS

Sept 27 Chapter 9. Discharge of Negotiable
Instruments
- How an instrument is discharged

Oct 4 TEACHER’S DAY NO CLASSES

Take home quiz: online Online Submission:
October 5, 12 noon
Oct 11 Chapter 10. Checks
- Kinds of Checks
- Related provisions; right of party
to discharge instrument, right to
renegotiate, renunciation,
cancellation, when alteration is
material

Oct 18 Chapter 11. Letters of Credit and Trust

Receipts
- Letters of Credit
- Requisites of a merchant
- Letters of Credit: Concept,
Condition, when void, basic
parties, kinds
- Trust Receipts Law
- Rights and Obligations in a trust
transaction

Oct 25 QUIZ
Nov 1 ALL SAINT’S DAY NO CLASSES
Nov 5-7 FINAL EXAMS