UNIVERSITY OF SANTO TOMAS - LEGAZPI

College of Law
Legaspi City

CREDIT TRANSACTIONS
Judge Carlos L. Bona

COURSE PLAN FOR ON-LINE INSTRUCTION

May 23 – 25, 2020

May 23, 2020 (Saturday)

I. Provisions common to Pledge, Mortgage [Arts. 2085-2092,

NCC]
A. Nature: Definition and Purpose
B. Essential Elements
C. Indivisibility of the Contract
D. Pactum Commissorium
E. Right to recover deficiency: Who is entitled to excess?
F. Equity and Right of Redemption

May 24, 2020 (Sunday)

II. Pledge [Arts. 2093-2123, NCC]

A. In general
a. Kinds of Pledge
b. Characteristics of Pledge
c. Extent/Coverage of the Pledge
B. Rights and Obligations of the Pledgor [Debtor or Third Person]
C. Rights and Obligations of the Pledgee [Creditor]
D. Modes of Extinguishment

III. Chattel & Real Estate Mortgage

[Arts. 2140-2141, 1484-1485 NCC, RA No. 1508, Chattel Mortgage
Law (1906).
Art 319, RPC]
[Arts. 2124-2131 NCC, Rule 68, RA No. 3135]

A. In general
1. Characteristics
2. Subject Matter
3. Extent/Coverage of Mortgage

B. Essential Requisites
 Formal Requisites; Affidavit of Good Faith
C. Rights and Obligations of the Mortgagor [Debtor or Third Person]
D. Rights and Obligations of the Mortgagee [Creditor]
E. Modes of Extinguishment

May 25, 2020 (Monday)

IV. Antichresis [Arts. 2132-2139 NCC]

A. Nature and Characteristics

B. Rights and Obligations of the Debtor and Creditor

V. Concurrence and Preference of Credit [Arts. 2236-2251 NCC;

Act No 1959, as amended, Insolvency Law]
A. General Provisions
B. Classification of Credits
C. Order of Preference of Credits

CASES:

1. Rural Bank of Caloocan, Inc.. vs. CA, 104 SCRA 151

2. Vda De Bautista v. Marcos, 3 SCRA 434
3. Dayrit v. CA 36 SCRA 549
4. Yoliongsiu v. PNB, 22 SCRA 585
5. Piansay v. David, 12 SCRA 227
6. Makati Leasing and Finance Corp v. Wearever Textile, 122 SCRA
286
7. Northern Motors, Inc. v. Coquia, 68 SCRA 374
8. Lanuza v. de Leon, 20 SCRA 369
9. Bundalian v. CA, 129 SCRA 645
10.Rosales v. Yboa, 120 SCRA 869
11.Tioseco v. CA, 129 SCRA 705
12.Dulay v. Cariaga, 123 SCRA 794
13.PNB v. CA, 140 SCRA 350
14.DBP v. Mirang, 66 SCRA 842
15.Co. v. PNB, 114 SCRA 842
16.Alpha Insurance and Surety v. Reyes, 106 SCRA 274
17.Marcelo Steel Corp. v. CA, 54 SCRA 89
18.PNB v. Adil, 118 SCRA 110
19.Ocampo v. Domalanta 20 SCRA 1136
20.Samonte v. CA, 142 SCRA 189
21.Ramirez v. CA, 144 SCRA 292
May 26, 2020 (Tuesday) Final Examination