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.
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.
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.