CREDIT TRANSACTIONSCASE DIGESTS

TABLE OF CONTENTSCases G.R. Nos. Date Page

LOAN- General ProvisionsPNB vs. RBL Enterprises, Inc. G.R No. 149569 May 28, 2004 1DBP vs. Commission on Audit G.R. No. 144516 February 11, 2004 3Mansueto Cuaton vs. Rebecca Salud G.R. No. 158382 January 27, 2004 6BPI Investment Corp. vs. CA G.R. No. 133632 February 15, 2002 8Herrera vs Petrophil G.R. No. L-48349 December 29, 1986 11Central Bank of the Phils. vs. CA G.R. No. L-45710 October 3, 1985 13Bonnevie vs. Court of Appeals G.R. No. L-49101 October 24, 1983 15

COMMODATUMCatholic Vicar Apostolic of Mt. Province vs. CA G.R. No. L-80294-95 September 21, 1988 17Colito T. Pajuyo vs. CA G.R. No. 146364 June 3, 2004 19

SIMPLE LOAN OR MUTUUMFirst Metro Investment Corp. vs Este Del Sol G.R. No. 1418211 November 15, 2001 21Solangon vs. Salazar G.R. No. 125944 June 29, 2001 23Investors Finance Corp. vs Autoworld Sales Corp.

G.R. No. 128990 September 21, 2000 25

PNB vs. Court of Appeals G.R. No. 197873 August 12, 1993 27Eastern Shipping Lines vs. CA G.R. No. 97412 July 12, 1994 29Pilipinas Bank vs. CA G.R. No. 97873 August 12, 1993 31Private Development Corp. of the Phils. vs. IAC

G.R. No. 73198 September 2, 1992 33

Casa Filipina Development Corp. vs. Deputy Exec. Secretary

G.R. No. 96494 May 29, 1992 35

Tio Khe Chio vs. CA G.R. No. 76101-102 September 30, 1991 37State Investment House vs. CA G.R. No. 90676 June 19, 1991 38PNB vs. CA G.R. No. 88880 April 30, 1991 40Yong vs. People G.R. No. 84719 January 25, 1991 42Ruiz Vs. Caneba G.R. No. 84884 December 3, 1990 44Relucio vs. Bullante Garfin G.R. No. 76518 July 13, 1990 47Sentinel Insurance Co., Inc. vs CA G.R. No. 52482 February 23, 1990 49Phil. Rabbit Bus Lines vs. Cruz G.R. No. L-72017 July 28, 1986 51Santulan vs Fule G.R. No. L-59664 December 26, 1984 52Liam Law vs. Olympic Sawmil Co. G.R. No. L-30771 May 28, 1984 53Sanchez vs. Buenviaje G.R. No. L-57314 November 29, 1983 55Bonnevie vs CA G.R. No. L-49101 October 24, 1983 15Francisco vs Gorgonio G.R. No. L-59519 July 20, 1982 56Philam Accident Insurance Co. vs Flores G.R. No. L-47180 May 19, 1980 59DEPOSITBPI vs. IAC G.R. No. L-66826 August 19, 1988 61City Trust Banking Corp. vs. IAC G.R. No. 84281 May 27, 1994 63BPI vs. CA G.R. No. 104612 May 10, 1994 65Sia vs Court of Appeals G.R. No. 102970 May 13, 1993 67CA Agro- Industrial Dev’t. Corp. vs CA G.R. No. 90027 March 3, 1993 69Gempesaw vs. CA G.R. No. 92244 February 9, 1993 71People vs. Ong G.R. No. 93849 December 29, 1991 73

Cases G.R. Nos. Date PageFidelity Savings and Mortgage Bank vs. Cenzon

G.R. No. L-46208 April 5, 1990 75

Integrated Realty Corp. vs. PNB G.R. No. 60705 & 60907

June 28, 1989 77

Ramos vs. Central Bank of the Phils. G.R. No. L-29352 July 22, 1985 79Guingona Jr. vs. City Fiscal of Manila G.R. No. L-60033 April 4, 1984 81Overseas Bank of Manila vs. Cordero G.R. No. L-33582 March 30, 1982 85Overseas Bank of Manila vs. CA G.R. No. L-49353 June 11, 1981 87Serrano vs. Central Bank of the Phils. G.R. No. L-30511 February 14, 1980 89Spouses Ong vs. Phil Commercial Int’l Bank G.R. No. 160466 January 17, 2005 91Phil. Export and Foreign Loan Gurantee Corp. vs. Phil. Infrastructure

G.R. No. 120384 January 13, 2004 93

Sps. Eduardo and Epifania Evangelista vs. Marcator Finance Corp.

G.R. No. 148864 August 21, 2003 96

E. Zobel, Inc. vs. Court of Appeals G.R. No. 113931 May 6, 1998 99Estrella Palmares vs. Court of Appeals G.R. No. 126490 March 31, 1998 102DBP vs. Court of Appeals G.R. No. 118342 January 5, 1998 104

GUARANTYAtok Finance Corp. vs. Court of Appeals G.R. No. 80078 May 18, 1993 107Dino vs. Court of Appeals G.R. No. 88775 November 26, 1992 110

BA Finance Corp. vs CA G.R. No. 94566 July 3, 1992 113PNB vs. Court of Appelas G.R. No. 33174 July 4, 1991 117PNB vs. Pineda G.R. No. 46658 May 13, 1991 119Garcia Jr. vs. Court of Appeals G.R. No. 80201 November 20, 1990 122Umali vs Court of Appeals G.R. No. 89561 September 13, 1990 125Zenith Insurance vs. Court of Appeals G.R. No. 85296 May 14, 1990 128Phil. Com’l. and Industrial Bank vs. CA G.R. No. L-34959 March 18, 1988 130Lirag Textile Mills Inc. vs. SSS G.R. No. L-33205 August 31, 1987 133People vs Maniego G.R. No. L-30910 February 27, 1987 136National Power Corp. vs. CA G.R. No. L-43706 November 14, 1986 138

Central Surety and Insurance Co. vs. Ubay G.R. No. L-40334 February 28, 1985 140Plaridel Surety and Insurance Co. vs. Artex Dev’t. Co.

G.R. No. L-30554 February 28, 1983 142

RCBC vs. Arro G.R. No. L-49401 July 30, 1982 144Prudential Bank vs. IAC G.R. No. 74886 December 8, 1992 147Mercantile Insurance Co. vs. Ysmael G.R. No. 43862 January 13, 1989 150Gidwani vs Domestic Insurance Co. G.R. No. L-31442 June 24, 1983 152Cochingyan vs. R&B Surety & Insurance Co. G.R. No. L-47369 June 30, 1987 154PNB vs. Court of Appeals G.R. No. L-30937 January 21, 1987 156Prudencio vs. Court of Appeals G.R. No. L-34539 July 14, 1986 158Willex Plastic Ind. Vs CA G.R. No. 103066 April 25, 1996 161Luzon Surety vs. Quebrar G.R. No. L-40517 January 31, 1984 164Capital Insurance v. Ronquillo G.R. No. L-36488 July 25, 1983 166

Prepared by:

ARLINE C. HALINA