September 21, 2008
(Third Sunday, Morning)
This examination covers decisions of the Supreme Court, promulgated up to 30
June 2007, and Republic Acts, Presidential Decrees and Executive Orders, promulgated
up to 31 December 2006.
1. Code of Commerce
(a) Merchants and Commercial Transactions, Articles 1-63
(b) Letters of Credit under the Code of Commerce (Articles 567-572)
INCLUDE the following:
(i). Bulk Sales Law (Act No. 3952)
(ii). The Warehouse Receipts Law (Act No. 2137 in relation to the General
Bonded Warehouse Act [Act No. 3893])
(iii). Presidential Decree 115 on Trust Receipts
2. Negotiable Instruments Law (Act No. 2031)
3. Insurance Code (P.D. No. 1460)
INCLUDE Philippine Deposit Insurance Corporation Act (R.A. 3591)
4. Transportation Laws
(a) Common Carriers (Civil Code, Arts. 1732 to 1766).
(b) Commercial Contracts for Transportation Overland
(Code of Commerce, Arts. 349 to 379)
(c) Maritime Commerce (Code of Commerce, Arts. 673 to 736; also Arts.
580-584 of Code of Commerce, as superseded by R.A. No. 6106; Arts.
806 to 845 of Code of Commerce; Paragraph 6 of Section 3 of Carriage of
Goods by Sea Act [Com. Act 65])
(d) Public Service Act (Com. Act No.146), as amended.
(e) The Warsaw Convention of 1929(Limited to the Carrier’s Liability).
5. Corporation Law
(a) The Corporation Code (B.P. Blg.68)
(b) Securities Regulation Code (R.A. 8799)
(c) Banking Laws: (General terms and provisions)
i) The New Central Bank Act (R.A. No. 7653) (Basics)
ii) Law on Secrecy of Bank Deposits
(R.A. No. 1405, as amended)
6. Intellectual Property Code (R.A. No. 8293)(Basics)
EXCLUDE: Implementing Rules and Regulations
7. Special Laws
(a) The Chattel Mortgage Law (Act 1508 in Relation to Arts. 1484, 1485,
2140, and 2141 of the Civil Code)
(b) Real Estate Mortgage Law (Act No. 3135, as amended by R.A. No. 4118)
(c) The Insolvency Law (Act No. 1956) including Rules on Corporate
Rehabilitation (P.D. 902-A)
(d) Truth in Lending Act (R.A. No. 3765)
EXCLUDE the following:
(1) Omnibus Investment Code of 1987 (Executive Order No. 226)
(2) Foreign Investment Act of 1991 (R.A. No. 7042)