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.
Get a cited, plain-language answer from 184,000+ statutes and decisions — free, no sign-up.
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.
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.