Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
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Holder in Due Course Rights Prevail Over Stop Payment Orders
Philippine Supreme Court rules a holder in due course can enforce bank drafts despite stop payment orders, explaining drawer liability under the Negotiable Instruments Law.
Forged Endorsements and the Presumption of Delivery in Negotiable Instruments
A look at Asia Brewery v. Equitable PCI Bank on the presumption of delivery and when courts may dismiss for lack of cause of action.
Negotiable Instruments and the Presumption of Delivery: Protecting Payees’ Rights
The Supreme Court clarifies that dismissal for lack of cause of action requires trial, and that delivery of negotiable instruments is presumed under Section 16 of the NIL.
Altered Checks and Holder in Due Course Protection Under the Negotiable Instruments Law
Supreme Court ruling on drawee bank liability for altered checks and holder in due course protection under the Negotiable Instruments Law.
Holder in Due Course Protection Against Fraud in Negotiable Instruments
Philippine Supreme Court ruling on how a holder in due course of a negotiable instrument is protected from fraud defenses, and when corporate veil piercing applies.
Letter of Undertaking Enforceability and Independence From Negotiable Instruments
Supreme Court rules a letter of undertaking is a separate contract, binding even if the underlying sight draft is discharged under the Negotiable Instruments Law.
Accommodation Party Liability: Associated Bank v. Ang on Negotiable Instruments
Explaining the Supreme Court's ruling in Associated Bank v. Ang on accommodation party liability under the Negotiable Instruments Law.
Check Dishonor Liability: Fault Determines Who Bears the Loss
When a bank's own qualified endorsement causes a check's dishonor, it cannot recover from prior endorsers under the Negotiable Instruments Law.
Altered Checks and Bank Liability: Material Alterations Under the Negotiable Instruments Law
Explaining when a check alteration is material under the NIL, and the liability of drawee banks for returning altered checks.
Holder in Due Course and Payee Obligations Under Philippine Negotiable Instruments Law
Supreme Court clarifies when a check payee qualifies as a holder in due course and the duties of parties to negotiable instruments.
Bank Negligence and Dishonored Checks: Protecting Your Reputation and Finances
Learn from the Firestone v. Luzon Development Bank case why non-negotiable instruments carry risks and how banks' duties apply.