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.
Liability for Dishonored Bank Drafts: Holder in Due Course vs Drawer's Obligations
Philippine Supreme Court clarifies a bank drawer's liability on dishonored bank drafts, even after a stop payment order, when held by a holder in due course.
Cashier's Checks and Contractual Disputes: Bank Obligations and Purchaser Rights in Philippine Law
When can a purchaser stop payment on a manager's or cashier's check? The Supreme Court explains in Chiok v. Metrobank.
Forfeiture of Downpayment: When a Buyer's Stop Payment Is Justified
Supreme Court ruling on when sellers cannot forfeit a buyer's downpayment due to adverse claims on property title.
BP 22 and Credit Lines: When a Stop Payment Order Doesnt Imply Insufficient Funds
Learn when a stop payment order on a postdated check does not automatically mean insufficient funds under BP 22, and how credit lines affect liability.
Bouncing Checks Law: When a Valid Cause to Stop Payment Defeats a Conviction
The Supreme Court acquits a buyer who stopped payment on postdated checks due to a developer's failure to complete a townhouse project.