sanbedaalabang negoinstrumentsoutline2015 20161st sem

12
SAN BEDA COLLEGE ALABANG SCHOOL OF LAW OUTLINE IN NEGOTIABLE INSTRUMENTS LAW 1 ST Semester, School Year 2015-2016 Saturdays, 9 a.m. to 12 p.m. RODERICK R.C. SALAZAR III FORTUN NARVASA & SALAZAR Tel No. 812-8670/Mobile Phone No. 0917-8489462/e-mail: [email protected] Class Rules: 1. Basis of Grades i. Recitation – 30% a. Minimal reading from notes/laptops; b. Unexcused absences – failing grade when called for recitation c. No talking or texting while others are reciting; mobile phones must be turned off, otherwise, for confiscation during classhours. ii. Surprise Quizzes – 5% iii. Midterms – 30% - iv. Final Exams – 35% 2. No prescribed textbook but questions may be sourced from either of the books of de Leon or Aquino - outline is basis for discussion flow. 3. Seat plan – Class President is requested to provide me a seat plan with passport photos of students. 4. Dress Code – observe College rules. 5. Waiting time for Professor before Class may leave – up to one (1) hour. I. INTRODUCTION A. History 1. U.S. Uniform Negotiable Instruments Act 2. U.S. Uniform Commercial Code 3. Code of Commerce – Book II, Articles 443 to 556 B. Governing Law – Act No. 2031, Negotiable Instruments Law (NIL or Act, hereinafter); 1. Sec. 1 197, NIL – Repealing Clause 2. Sec. 196, NIL – Cases not provided for in the Act 3. Article 18, Civil Code - Rivera vs. Spouses Chua; G.R. No. 184458, January 14, 2015 - State Investment House, Inc. vs. Court of Appeals, 217 SCRA 32 [1993] - Government Service Insurance System vs. CA and Mr. and Mrs. Isabelo R. Racho, 170 SCRA 533 [1989] - Metropolitan Bank & Trust Company vs. CA, et al., 194 SCRA 169 [1991] C. Functions and Significance of Negotiable Instruments 1. Money Substitute – Lozano vs. Martinez, 146 SCRA 323 2. Medium of Exchange in Business Transactions 3. Medium of Credit in Business Transactions Lim vs. Mindanao Wines & Liquor Galleria, 678 SCRA 628 [2012] 1 References to Sections or Section in this outline shall mean the relevant Sections of the NIL, unless otherwise stated.

Upload: paolo-antonio-escalona

Post on 16-Aug-2015

220 views

Category:

Documents


0 download

DESCRIPTION

SBCA Atty. Salazar outline Nego

TRANSCRIPT

SAN BEDA COLLEGE ALABANGSCHOOL OF LAWOUTLINE INNEGOTIABLE INSTRUMENTS LAW1ST Semester, School Yer !"1#$!"1%St&r'(s, ) *m* to 1! +*m*RODERICK R.C. SALAZAR IIIFORTUN NARVASA & SALAZARTel No. 812-8670/Mo!le "#o$e No. 0%17-8&8%&62/e-'(!l) **+,(l(-(*./$,l(0.+o'.1#Clss R&les,1* Bs-s o. Gr'es-* Rec-tt-o/ 0 1"2* M-/-ml re'-/3 .rom /otes4l+to+s56* U/e7c&se' 6se/ces 0 .-l-/3 3r'e 8he/ clle' .or rec-tt-o/c* Notl9-/3or te7t-/38h-leothers rerec-t-/35 mo6-le +ho/es m&st 6et&r/e' o.., other8-se, .or co/.-sct-o/ '&r-/3 clssho&rs*--* S&r+r-se :&-;;es 0 #2---* M-'terms 0 1"2 $ -res-'e/t -s re=&este' to +roo?e*$!$5L(09A+3 No. 2081< Ne5o3!(le I$,3*6'e$3, L(0@NILo* A+3e$e*(l (++e13($+e- Se+, 1&1< 1&2< NIL 2. M6(l!/!e7 (++e13($+e Se+. 1&1< 1&2 NIL&. T*(7e (++e13($+e4. :($;e*D, (++e13($+eE. C#e+;,- Se+, 18=< 68- #re3a v. :