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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Trust Receipts and Estafa: Upholding Criminal Liability for Breach of Trust
Supreme Court clarifies that failure to turn over goods or proceeds under trust receipts is estafa under PD 115, not mere civil liability.
Trust Receipts and Criminal Liability: When a Loan Becomes Estafa Under PD 115
The Supreme Court clarifies when a trust receipt transaction creates criminal liability for estafa, not just civil liability, under PD 115.
Trust Receipts and Estafa: Why a Payment Agreement Does Not Erase Criminal Liability
The Supreme Court ruled that a new payment schedule cannot erase criminal liability for trust receipt violations, which are malum prohibitum.
Trust Receipts Law: Corporate Officers' Liability and Due Diligence in Criminal Demurrers
When a demurrer to evidence is granted in a trust receipts case, private complainants may still question the civil aspect via certiorari.
Trust Receipts vs Loans: When Intent Defines the Contract
Supreme Court clarifies when a trust receipt is really a loan, acquitting a corporate officer of estafa under PD 115.
When a Trust Receipt Is Really a Loan: Acquittal in Estafa Cases
The Supreme Court acquits a corporate officer of estafa under the Trust Receipts Law, ruling that transactions the bank knew were not for resale are simple loans, not trust receipts.
When Can't a Party Change Legal Strategy on Appeal: Crisologo v. People
Supreme Court clarifies when corporate officers can be held personally liable on trust receipts, and the limits of changing legal theories on appeal.
Trust Receipts vs Ordinary Loans: When Debt Restructuring Does Not Erase Criminal Liability
Philippine National Bank v. Soriano clarifies when restructuring a trust receipt loan does not extinguish criminal liability for estafa under PD 115.
Trust Receipts vs Loans: Distinguishing Obligations in Philippine Law
Philippine Supreme Court clarifies the distinction between trust receipts and loan obligations, and the legal consequences for banks and borrowers.
Trust Receipts vs Loan Agreements: When Misuse of Funds Is Not Estafa
The Supreme Court clarifies when a trust receipt arrangement is actually a simple loan, and why criminal liability for estafa does not follow.
Trust Receipts and Estafa: What Philippine Businesses Should Know
Supreme Court clarifies probable cause standards in trust receipt violations under PD 115, safeguarding financial transactions in the Philippines.
Trust Receipts AND Estafa When Does Failure TO PAY Constitute Criminal Liability
Trust Receipts vs Mortgage: Who Owns the Goods in Philippine Law?
Philippine Supreme Court ruling on trust receipts versus chattel mortgages, ownership disputes, and the rights of entrustors over mortgaged goods.
Trust Receipts and Personal Guarantees: When Corporate Officers Are Personally Liable
Corporate officers who sign trust receipts may face personal liability. The Supreme Court clarifies when a signature creates a guarantee.
Trust Receipts Entrusters Right TO Deficiency Claim After Repossession AND Sale
Trust Receipts Law Liability: When Agents Face Estafa Charges
Learn when corporate agents can face criminal liability for estafa under the Trust Receipts Law, based on the Supreme Court's ruling in Ong v. Court of Appeals.
Novation and Trust Receipts: When a Debt Restructuring Agreement Extinguishes Criminal Liability
Learn when a debt restructuring agreement novates trust receipt obligations and extinguishes criminal liability under Philippine law.
Personal Liability in Corporate Obligations When Signing Blurs the Line
When do corporate officers become personally liable for company debts? A Supreme Court ruling on trust receipts and letters of credit provides clear guidance.
Upholding Contractual Obligations: The Imperative of Timely Performance in Compromise Agreements
A Supreme Court ruling on continuing suretyship, assignment of credit, and trust receipts—clarifying that debtors cannot escape liability through technical defenses.
Upholding Contractual Agreements: Trust Receipts and Surety Agreements in Loan Obligations
The Supreme Court reaffirms that contracts are the law between parties, enforcing stipulated interest, penalties, and service charges in trust receipt loan transactions.
Floating Interest Rates and Trust Receipts: Solidbank Ruling on Bank Obligations and Corporate Liability
Philippine Supreme Court ruling on invalid floating interest rates, trust receipt transactions, and corporate officer liability in banking.
Unmasking Trust Receipts When a Loan Is Not What It Seems in Philippine Law
When is a trust receipt really just a loan? The Supreme Court clarifies in Colinares v. Court of Appeals.
Trust Receipts and Estafa in the Philippines: Understanding Liability and Compliance
Learn how the Supreme Court clarified trust receipt violations, estafa liability, and probable cause in Metrobank v. Tonda.
Prioritizing Assignment Rights: The Battle Over Promissory Notes in Trust Receipt Agreements
Supreme Court rules on competing claims over promissory notes under trust receipts and deeds of assignment, emphasizing proof and priority.