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

Civil Law

Heirs of Macalalad v. Rural Bank of Pola, Inc. and Register of Deeds of Oriental Mindoro G.R. No. 200899, June 20, 2018 Innocent Purchaser In Good Faith and For Value, Presidential Decree (P.D.) 1529

FACTS: Paz Macalalad filed a Complaint for “Declaration of Nullity of TCT No. T-117484” alleging that she is the sole surviving legal heir of one Leopoldo Constantino, Jr., who owned a parcel of land, registered under TCT No. RT-124 (T-45233).  After the death of Leopoldo, it was made to appear that the latter sold the… Read More Heirs of Macalalad v. Rural Bank of Pola, Inc. and Register of Deeds of Oriental Mindoro G.R. No. 200899, June 20, 2018 Innocent Purchaser In Good Faith and For Value, Presidential Decree (P.D.) 1529

Remedial Law

GENESIS INVESTMENT v. HEIRS OF CEFERINO EBARASABA GR No. 181622, Nov. 20, 2013 B.P. Blg. 129, Actions Incapable of Pecuniary Estimation, RTC-Jurisdiction

FACTS: Respondents filed a Complaint for “Declaration of Nullity of Documents, Recovery of Shares, Partition, Damages and Attorney’s Fees” against herein petitioners.   Petitioners filed a Motion to Dismiss contending, among others, that the RTC has no jurisdiction to try the case on the ground that, as the case involves title to or possession of real… Read More GENESIS INVESTMENT v. HEIRS OF CEFERINO EBARASABA GR No. 181622, Nov. 20, 2013 B.P. Blg. 129, Actions Incapable of Pecuniary Estimation, RTC-Jurisdiction

Remedial Law

Tan, Jr. v. CA, G.R. No. 136368 January 16, 2002 Retroactive Application of Procedural Laws

FACTS: Jaime C. Tan executed a deed of absolute sale over the property in question in favor of spouses Jose and Estrella Magdangal.  Simultaneously, they entered into another agreement giving Tan one (1) year within which to redeem or repurchase the property. Tan failed to redeem the property until his death on January 4, 1988.… Read More Tan, Jr. v. CA, G.R. No. 136368 January 16, 2002 Retroactive Application of Procedural Laws

Remedial Law

RUSSELL, et al., v. VESTIL G.R. No. 119347 March 17, 1999 B.P. Blg. 129, RTC Jurisdiction, Actions Incapable of Pecuniary Estimation

FACTS: Petitioners filed a complaint against private respondents, denominated “DECLARATION OF NULLITY AND PARTITION,” with the RTC, alleging that petitioners are co-owners of that parcel of land [Lot 6149], previously owned by the spouses Tautho. Upon the death of said spouses, the property was inherited by their legal heirs, herein petitioners and private respondents. Since then,… Read More RUSSELL, et al., v. VESTIL G.R. No. 119347 March 17, 1999 B.P. Blg. 129, RTC Jurisdiction, Actions Incapable of Pecuniary Estimation

Remedial Law

Republic v. Bantigue Point Dev’t Corp., G. R. No. 162322 : March 14, 2012 B.P. Blg. 129 or the Judiciary Reorganization Act, Jurisdiction in Cadastral Cases, Laches

FACTS: Respondent Bantigue filed with the RTC of Rosario, Batangas an application for original registration of title over a parcel of land with a total assessed value of P14,920 for the entire property. Petitioner Republic filed its Opposition to the application for registration while the records were still with the RTC. The RTC Clerk of… Read More Republic v. Bantigue Point Dev’t Corp., G. R. No. 162322 : March 14, 2012 B.P. Blg. 129 or the Judiciary Reorganization Act, Jurisdiction in Cadastral Cases, Laches