CREDIT

1. 1922- Credit and Credit Transactions Defined Truth in Lending Act, Sec. 3. (2) People v.
Concepcion, G.R. No. L-19190, November 29, 1922, 44 Phil 126.

LOAN

2. 2016- Lylith B. Fausto et al, v Multi-Agri Forest Community Devt Coop, GR No. 213939, October
12, 2016. Doctrine: The imposition of iniquitous and unconscionable interest rate renders the
same void and warrants the imposition of the legal interest rate.
3. 2015- Spouses Gironella v. PNB, G.R. No. 194515; Sept. 16, 2015 Doctrine: A loan contract like
any other contract is perfected by mere consent. Consent is manifested by the meeting of the
offer and the acceptance upon the thing and the cause which are to constitute the contract. The
offer must be certain and the acceptance seasonable and absolute. If qualified, the acceptance
would merely constitute a counter-offer as what occurred in this case.
4. 2014- SPOUSES EDUARDO & LYDIA SILOS v PNB, G.R. No. 181045, 2 July 2014 Doctrine: In loan
agreements, it cannot be denied that the rate of interest is a principal condition, if not the most
important component. Thus, any modification thereof must be mutually agreed upon;
otherwise, it has no binding effect.
5. 2013- Usury Law, Sec. 7, Sec. 7-a Spouses Juico v. China Banking Corporation, G.R. No. 187678,
April 10, 2013, 695 SCRA 520.
6. 2013- Usury General Concepts Civil Code, Art. 1175, Art. 1957, Art. 1961 Usury Law, Sec. 1, Sec.
1-a, Sec. 4x-a, Sec. 4-b, Sec. 5, Sec. 9-a Central Bank Circular No. 905, Series of 1982, Sec. 1.
Advocates for Truth in Lending, Inc. & Olaguer v. Bangko Sentral Monetary Board, G.R. No.
192986, January 15, 2013, 688 SCRA 530.
7. 2013- Nacar v. Gallery Frames, G.R. No. 189871, August 13, 2013, 703 SCRA 439.
8. 2012- Estores v. Spouses Supangan, G.R. No. 175139, April 18, 2012, 670 SCRA 95.
9. 2011- Spouses Palada v. Solidbank Corp., GR No. 172227 June 29, 2011 Doctrine: A loan contract
is perfected only upon the delivery of the object of the contract.
10. 2010- Pantaleon v. American Express International, Inc., G.R. No. 174269, August 25, 2010, 629
SCRA 276.
11. 2009- Sebastian Siga-an, petitioner, vs. Alicia Villanueva, respondent, G.R. No. 173227. January
20, 2009 Doctrine: Article 1956 of the Civil Code, which refers to monetary interest, specifically
mandates that no interest shall be due unless it has been expressly stipulated in writing.
12. 2008- Right of Retention of Bailee Object of Simple Loan Art. 1933, Art. 1953, Art. 1954 Act No.
2137 (1912), Sec. 58, definition of fungible goods People v. Puig & Porras, G.R. No. 173654-
765, August 28, 2008, 563 SCRA 564.
13. 2007- Phil. Phosphate Fertilizer Corp. v. Kamalig Resources Inc., 540 SCRA 139 [2007]
14. 2007- Obligation to Deliver Art. 1934 Garcia v. Thio, G.R. No. 154878, March 16, 2007, 518 SCRA
433.
15. 2007- Interest Monetary Interest Frias v. San Diego-Sison, G.R. No. 155223, April 3, 2007, 520
SCRA 244.
16. 2007- Finance Charges Truth in Lending Act, Sec. 4, Sec. 6 United Coconut Planters Bank v.
Samuel & Beluso, G.R. No. 159912,August 17, 2007, 530 SCRA 567.
17. 2007- BPI Family Bank v. Franco, G.R. No. 123498, November 23, 2007, 538 SCRA 184.
18. 2006- Spouses Cuyco v. Spouses Cuyco, GR No. 168736 April 19, 2006 Doctrine: When an
obligation is breached, and it consists in the payment of a sum of money, i.e., a loan or
 forbearance of money, the interest due should be that which may have been stipulated in
writing.
19. 2006- Pua v. Spouses Bautista, CA-G.R. CV NO. 77418, August 11, 2006 Doctrine: Parties to a
contract of loan like in any other contracts are essentially free to stipulate on the terms of their
undertaking.
20. 2005- Remedies Civil Code, Art. 1413 Usury Law, Sec. 6, Sec. 7, Sec. 8, Sec. 9, Sec. 10 1) Remedy
of Debtor 2) Remedy of Creditor Carpo v. Chua & Dy Ng, G.R. Nos. 150773, September 30, 2005,
471 SCRA 471.
21. 2004- Liability for Expenses and Damages Ordinary Expenses Art. 1933, Art. 1935, Art. 1941, Art.
1943 Pajuyo v. Court of Appeals, G.R. No. 146364, June 3, 2004, 430 SCRA 492.
22. 2003- Commodatum Object of Commodatum Art. 1937, Art. 1936 Producers Bank of the
Philippines v. Court of Appeals, G.R. No. 115324, February 19, 2003, 397 SCRA 651.
23. 2003- Celestina Naguiat v. Court of Appeals, et al.,G.R. No. 118375, 3 October 2003 Doctrine: An
accepted promise to deliver something by way of commodatum or simple loan is binding upon
the parties, but the commodatum or simple loan itself shall not be perfected until the delivery of
the object of the contract.
24. 2002- General Concepts Civil Code, Art. 1169, Art. 2209, Art. 1226, Art. 2210, Art. 2213, Art.
2226, Art. 2227 Ligutan v. Court of Appeals, G.R. No. 138677, February 12, 2002, 376 SCRA 560.
25. 2002- BPI Investment Corporation v. Court of Appeals & ALS Management & Development
Corporation, G.R. No. 133632, February 15, 2002, 377 SCRA 117.
26. 1995- AC Enterprises Inc. v. Construction Industry Arbitration Commission, GR No. 101444 May
9, 1995 Doctrine: When the judgment awarding a sum of money becomes final and executory,
the monetary award shall earn interest at 12% per annum from the date of such finality until its
satisfaction, regardless of whether the case involves a loan or forbearance of money.
27. 1994- Interest Rate Art. 2209 Usury Law, Sec. 1 Eastern Shipping Lines, Inc. v. Court of Appeals,
G.R. No. 97412, July 12, 1994, 234 SCRA 78, restated in
28. 1991- State Investment House, Inc. v. CA, GR No. 90676 June 19, 1991 Doctrine: The appropriate
measure for damages in case of delay in discharging an obligation consisting of the payment of a
sum or money, is the payment of penalty interest at the rate agreed upon; in the absence of a
stipulation of a particular rate of penalty interest, the payment of additional interest at a rate
equal to the regular monetary interest; and if no regular interest had been agreed upon, then
payment of legal interest or 6% per annum, or in the case of loans or forbearances of money, 12
% per annum as provided for in Central Bank Circular No. 416.
29. 1983- Bonnevie v. CA, GR No. L-49101 October 24, 1983 Doctrine: A contract of loan is perfected
at the same time the contract of mortgage is executed. A promissory note executed later is only
an evidence of indebtedness and does not indicate lack of consideration of the mortgage at the
time of its execution.
30. 1979- Chee Kiong Yam v. Malik, GR No-50550-52 October 31, 1979 Doctrine: It is not estafa for a
person to refuse to pay his debt or to deny its existence.
31. 1965- Republic v. Grijaldo, 15 SCRA 681 [1965]
32. 1962- Liability for Loss Art. 1933, Art. 1942 Republic v. Bagtas, G.R. No. L-17474, October 25,
1962, 6 SCRA 262.
33. 1939- Obligation to Return General Concepts Art. 1946, Art. 1947, Art. 1948 Quintos & Ansaldo
v. Beck, G.R. No. L-46240, November 3, 1939, 69 Phil 108.
 34. 1934- Kinds of Loan Contract to Loan Art. 1934 Saura Import & Export Co. Inc. v. Development
Bank of the Philippines, G.R. No. L-24968, April 27, 1972, 44 SCRA 445.

DEPOSIT

35. 2011- Liability Hotels or Inns Art. 1998, Art. 1999, Art. 2000, Art. 2001, Art. 2002, Art. 2003, Art.
2004 Durban Apartments Corp. v. Pioneer Insurance and Surety Corp., G.R. No. 179419, January
12, 2011, 639 SCRA 441.
36. 2005- YHT Realty Corporation v. Court of Appeals, G.R. No. 126780, February 17, 2005, 451 SCRA
638.
37. 1996- Warehousemans Lien Sec. 32, Sec. 27, Sec. 28, Sec. 29, Sec. 30, Sec. 31, Sec. 33, Sec. 34,
Sec. 35, Sec. 36 Philippine National Bank v. Se, et al., G.R. No. 119231, April 18, 1996, 256 SCRA
380.
38. 1993- Way of the Deposit Art. 1974, Art. 1975, Art. 1976, Art. 1977, Art. 1978, Art. 1981, Art.
1982 CA Agro-Industrial Development Corporation v. Court of Appeals & Security Bank & Trust
Company, G.R. No. 90027, March 3, 1993, 219 SCRA 426.
39. 1988- Obligation to Safekeep Art. 1962 Bank of the Philippine Islands v. The Intermediate
Appellate Court & Zshornack, G.R. No. L-66826 August 19, 1988, 164 SCRA 630.
40. 1913- Roman Catholic Bishop of Jaro v. De La Pea, G.R. No. L-6913, November 21, 1913, 26 Phil
144.

SECURED TRANSACTIONS

41. 2013- Exceptions Rules of Court, Rule 39, Sec. 33, Sec. 16 Spouses Tolosa v. United Coconut
Planters Bank, G.R. No. 183058, April 03, 2013, 695 SCRA 138.
42. 2013- Effect and Extent Art. 2126, Art. 2127 Star Two (SPV-AMC), Inc. v. Paper City Corp. of the
Phil. , G.R. No. 169211, March 06, 2013, 692 SCRA 438.
43. 2012- Right to Alienate Collateral Art. 2085, Art. 2130, Art. 2129 Garcia v. Villar, G.R. No. 158891,
June 27, 2012, 675 SCRA 80.
44. 2011- How to Redeem Rules of Court, Rule 39, Sec. 28, Sec. 29, Sec. 30 Spouses Yap v. Spouses
Dy, et al., G.R. No. 171991 and 171868, July 27, 2011, 654 SCRA 593.
45. 2011- BPI Family Savings Bank, Inc. v. Golden Power Diesel Sales Center, Inc., G.R. No. 176019,
January 12, 2011, 639 SCRA 405.
46. 2010- Chattel Mortgage A. General Concepts Art. 2085, Art. 2087, Art. 2140, Art. 2141 PCI
Leasing & Finance, Inc. v. Trojan Metal Industries Inc., et al., G.R. No. 176381, December 15,
2010, 638 SCRA 615.
47. 2010- After Consolidation of Ownership Rules of Court, Rule 39, Sec. 33 Cua Lai Chu, et al. v.
Lacqui & Philippine Bank of Communications, G.R. No. 169190, February 11, 2010, 612 SCRA
227.
48. 2009- No Right of Redemption Rizal Commercial Banking Corporation v. Royal Cargo Corporation,
G.R. No. 179756, October 2, 2009, 602 SCRA 545.
49. 2008- VELASQUEZ vs. SOLIDBANK CORPORATION, G.R. No. 157309, March 28, 2008 Doctrine: A
party cannot be both the primary debtor and the guarantor of his own debt. This is inconsistent
with the very purpose of a guarantee which is for the creditor to proceed against a third person
if the debtor defaults in his obligation.
50. 2008- Ong v. Roban Lending Corporation, G.R. No. 172592, July 9, 2008, 557 SCRA 516.
51. 2008- GATEWAY ELECTRONICS and GERONIMO VS. ASIANBANK, G.R. No. 172041, DEC. 18, 2008
Doctrine: A surety is an insurer of the debt, whereas a guarantor is an insurer of the solvency of
the debtor. Stated differently, a surety promises to pay the principals debt if the principal will
not pay (without regard to his ability to do so), while a guarantor agrees that the creditor, after
proceeding against the principal, may proceed against the guarantor if the principal is unable to
pay.
52. 2008- Delos Santos vs. Vibar, G.R. No. 150931; July 16, 2008 Doctrine: It is axiomatic that the
written word guarantor prevails over the typewritten word witness. In case of conflict, the
written word prevails over the printed word.
53. 2008- Bitanga vs. Pyramid Const., G.R. No. 173526; August 28, 2008 Doctrine: Art. 2060. In order
that the guarantor may make use of the benefit of excussion, he must set it up against the
creditor upon the latters demand for payment from him, and point out to the creditor available
property of the debtor within Philippine territory, sufficient to cover the amount of the debt.
54. 2008- AUTOCORP and Rodriguez vs. ISAC and BOC; G.R. No. 166662; June 27, 2008 Doctrine: The
guarantor, even before having paid, may proceed against the principal debtor: xxx (4) When the
debt has become demandable, by reason of the expiration of the period for payment.
55. 2007- Right to Deficiency Rules of Court, Rule 86, Sec. 7 e. Right to Surplus Suico v. Philippine
National Bank, G.R. No. 170215, August 28, 2007, 531 SCRA 514.
56. 2007- Distinguished from Joint and Solidary Obligations Art. 2066, Art. 2067, Art. 1217 Escano &
Silos v. Ortigas, Jr., G. R. No. 151953, June 29, 2007, 526 SCRA 26.
57. 2006- Effect of Notarial Sale a. Extinction of Principal Obligation Art. 2115, Art. 2116 b. No Right
of Redemption Paray & Espeleta v. Rodriguez, et al., G.R. No. 132287, January 24, 2006, 479
SCRA 571.
58. 2006- Citibank, N.A. & Investors Finance Corporation v. Sabeniano, G.R. No. 156132, October 12,
2006, 504 SCRA 378.
59. 2005- Real Estate Mortgage C. Obligations Secured 1. Dragnet or Blanket Mortgage Clause 2.
Reliance on Security Test Prudential Bank v. Alviar & Alviar, G.R. No. 150197, July 28, 2005, 464
SCRA 353.
60. 2005- Guaranty Benefit of Excussion Art. 2062, Art. 2058, Art. 2059, Art. 2060, Art. 2061, Art.
2063, Art. 2064, Art. 2081 Tupaz IV & Tupaz v. Court of Appeals & Bank of the Philippine Islands,
G.R. No. 145578, November 18, 2005, 475 SCRA 398.
61. 2004- Letters of Credit General Concepts Code of Commerce, Art. 567, Art. 568, Art. 2 Transfield
Philippines, Inc. v. Luzon Hydro Corporation Australia, et al., G.R. No. 146717, November 22,
2004, 443 SCRA 307.
62. 2003- Philippine Blooming Mills, Inc. & Ching, v. Court of Appeals, G.R. No. 142381, October 15,
2003, 413 SCRA 445.
63. 2002- Judgment on Foreclosure Rules of Court, Rule 68, Sec. 2 Korea Exchange Bank v. Filkor
Business Integrated, Inc., et al., G.R. No. 138292, April 10, 2002, 380 SCRA 381.
64. 2000- Right of Redemption Huerta Alba Resort, Inc. v. Court of Appeals, G.R. No. 128567,
September 1, 2000, 339 SCRA 534.
65. 2000- Obligations Secured Art. 2053 Security Bank & Trust Company v. Cuenca, G.R. No. 138544,
October 3, 2000, 341 SCRA 781.
66. 2000- Obligations of Entrustee Sec. 9, Sec. 10, Sec. 12, Sec. 13 Revised Penal Code, Art. 315.
Colinares & Veloso v. Court of Appeals, G.R. No. 90828, September 5, 2000, 339 SCRA 609.
67. 1999- Servicewide Specialists, Inc. v. Court of Appeals, G.R. No. 116363, December 10, 1999, 320
SCRA 478.
68. 1999- Right to Surplus or Deficiency Chattel Mortgage Law, Sec. 14 Civil Code, Art. 1484 PAMECA
Wood Treatment Plant, Inc. v. Court of Appeals, G.R. No. 106435, July 14, 1999, 310 SCRA 281.
69. 1999- Right to Possession Servicewide Specialists, Inc. v. Court of Appeals, G.R. No. 110048,
November19, 1999, 318 SCRA 493.
70. 1999- Bustamante v. Rosel, G.R. No. 126800, November 29, 1999, 319 SCRA 413.
71. 1998- Zobel, Inc. v. Court of Appeals, G.R. No. 113931, May 6, 1998, 290 SCRA
72. 1998- Pactum Commissorium Art. 2087, Art. 2088 1. Elements 2. Effect on Pledge or Mortgage
Development Bank of the Philippines v. Court of Appeals, G.R. No. 118342, January 5, 1998, 284
SCRA 14.
73. 1998- Distinguished from Guaranty Palmares v. Court of Appeals & M.B. Lending Corporation,
G.R. No. 126490, March 31, 1998, 288 SCRA 422.
74. 1996- Form of Chattel Mortgage Chattel Mortgage Law, Sec. 4, Sec. 5, Sec. 6 C. Obligations
Secured Sec. 5 ACME Shoe, Rubber & Plastic Corporation v. Court of Appeals, G.R. No. 103576,
August 22, 1996, 260 SCRA 714.
75. 1992- Right of Redemption Act No. 3135, Sec. 6 General Banking Law, Art. III, Sec. 47 A.M. No.
99-10-05-0, as amended, Sec. 10. 1) Who may Redeem Act No. 3135, Sec. 6 Rules of Court, Rule
39, Sec. 27 Medida, et al. v. Court of Appeals, et al., G.R. No. 98334, May 8, 1992, 208 SCRA 887.
76. 1991- Pacific Banking Corp. vs. IAC, G.R. No. 72275 November 13, 1991 Doctrine: A contract of
guaranty is where a guarantor binds himself to pay only in case the principal should fail to do so;
while a contract of suretyship, the surety binds himself solidarily with the principal debtor.
77. 1991- Ownership of Collateral Revised Penal Code, Art. 319 Dy v. Court of Appeals, G.R. No.
92989, July 8, 1991, 198 SCRA 826.
78. 1991- Foreclosure Sale 1) Requirement of Notice Act No. 3135, Sec. 3 A.M. No. 99-10-05-0, as
amended, Sec. 1, Sec. 2, Sec. 3, Sec. 4 Grand Farms, Inc. & Philippine Shares Corporation v. Court
of Appeals, et al., G.R. No. 91779, February 7, 1991, 193 SCRA 748.
79. 1989- Yau Chu v. Court of Appeals et al., G.R. No. L-78519, September 26, 1989, 177 SCRA 793.
80. 1989- Right to Payment Art. 2102 Manila Banking Corporation v. Teodoro, Jr. and Teodoro, G.R.
No. 53955, January 13, 1989, 169 SCRA 95.
81. 1988- Voluntary sale Art. 2097. Estate of Litton v. Mendoza & Court of Appeals, G.R. No. L-49120,
June 30, 1988, 163 SCRA 246.
82. 1983- Plaridel Surety Insurance vs. Artex Development Co. G.R. No. L-30554 February 28, 1983
Doctrine: Suretyship cannot exist without valid obligation.
83. 1983- Object of Chattel Mortgage Civil Code, Art. 2124 Makati Leasing & Finance Corporation v.
Wearever Textile Mills, Inc. & Court of Appeals, G.R. No. L-58469, May 16, 1983, 122 SCRA 296.
84. 1974- CONSUELO P. PICZON, RUBEN O. PICZON and AIDA P. ALCANTARA, plaintiffs-appellants, vs.
ESTEBAN PICZON and SOSING-LOBOS & CO., INC., defendants-appellees, G.R. No. L-29139
November 15, 1974 Doctrine: It would be violative of the law to consider a party to be bound as
surety when the very word used in the agreement is guarantor.
85. 1974- CONSUELO P. PICZON, RUBEN O. PICZON and AIDA P. ALCANTARA, plaintiffs-appellants, vs.
ESTEBAN PICZON and SOSING-LOBOS & CO., INC., defendants-appellees, G.R. No. L-29139
November 15, 1974 Doctrine: It would be violative of the law to consider a party to be bound as
surety when the very word used in the agreement is guarantor.
 86. 1967- Object of Real Estate Mortgage Art. 2124 After Acquired Properties Peoples Bank & Trust
Company & Atlantic Gulf and Pacific Co. of Manila v. Dahican Lumber Company, et al., G.R. No. L-
17500, May 16, 1967, 20 SCRA 84.
87. 1960- Antichresis Foreclosure of Antichresis Art. 2137 Diego v. Fernando, G.R. No. L-15128,
August 25, 1960, 109 Phil 143.
88. 1923- FABIOLA SEVERINO, plaintiff-appellee, vs.GUILLERMO SEVERINO, defendant-appellant.
FELICITAS VILLANUEVA, intervenor-appellee. G.R. No. L-18058, January 16, 1923 Doctrine: It is
not necessary that a guarantor or surety should receive any part of the benefit that accrues to
the principal.
89. 1922- Machetti vs. Hospicio de San Jose, G.R. No. L-16666 April 10, 1922 Doctrine:

INSOLVENCY

90. 2014- Rehabilitation Plan 1) General Concepts Sec. 4 (ii), Sec. 62, Sec. 54, Sec. 55 2) Cram Down
Effect Sec. 64, Sec. 65, Sec. 66, Sec. 67, Sec. 68, Sec. 69, Sec. 70, Sec. 71, Sec. 72, Sec. 73 Pryce
Corporation v. China Banking Corporation, G.R. No. 172302, February 18, 2014, 716 SCRA 207.
91. 2012- Yngson v. Philippine National Bank, G.R. No. 171132, August 15, 2012, 678 SCRA 447.
92. 2012- Town and Country Enterprises, Inc. v. Quisumbing, et al., G.R. No. 173610 & 174132,
October 01, 2012, 682 SCRA 128.
93. 2011- Panlilio, et al. v. Regional Trial Court, Branch 51, City of Manila, G.R. No. 173846, February
2, 2011, 641 SCRA 438.
94. 2008- Treatment of Claims 1) Secured Creditor Claims Sec. 113, Sec. 114 Consuelo Metal
Corporation v. Planters Development Bank & Maningas, G.R. No. 152580, June 26, 2008, 555
SCRA 465.
95. 2007- Ordinary Preferred Credits 3. Common Credits Art. 2245, Art. 2251 Cordova v. Reyes
Daway Lim Bernardo Lindo Rosales Law Offices, et. al, G.R. No. 146555, July 3, 2007, 526 SCRA
300.
96. 2005- Extent of the Stay or Suspension Order Sobrejuanite v. ASB Development Corporation, G.R.
No. 165675, September 30, 2005, 471 SCRA 763.
97. 2004- Exceptions to the Stay or Suspension Order Sec. 18, Sec. 16 FR Rules, Rule 2, Sec. 8
(V)Metropolitan Waterworks & Sewerage System v. Daway and Maynilad Water Services, Inc.,
G.R. No. 160732, June 21, 2004, 432 SCRA 559.
98. 2000- J.L. Bernardo Construction v. Court of Appeals, G.R. No. 105827, January 31, 2000, 324
SCRA 24.
99. 1999- Provisions Common to Voluntary and Involuntary Rehabilitation Proceedings a.
Commencement Order Sec. 15, Sec. 16, Sec. 17, Sec. 21 Stay or Suspension Order 1) General
Concepts Sec. 16 (q), Sec. 20 Rizal Commercial Banking Corporation v. Intermediate Appellate
Court, G.R. No. 74851, December 9, 1999, 320 SCRA 279.
100. 1961- Insolvency Classification of Credits 1. Special Preferred Credits Civil Code, Art.
2241, Art. 2242, Art. 2243, Art. 2246, Art. 2247, Art. 2248, Art. 2249, Art. 2250 FRIA, Sec. 136. De
Barreto, et al. v. Villanueva, et al., G.R. No. L-14938, January 28, 1961, 1 SCRA 288.