PROJECT JURISPRUDENCE

117 Phil. 96 [ G. R. No. L-16749, January 31, 1963 ] IN THE MATTER OF THE TESTATE ESTATE OF EDWARD E. CHRISTENSEN, DECEASED. ADOLFO C. AZNAR, EXECUTOR AND LUCY CHRISTENSEN, HEIR OF THE DECEASED, EXECUTOR AND HEIR-APPELLEES, VS. HELEN CHRISTENSEN GARCIA, OPPOSITOR AND APPELLANT. D E C I S I O N LABRADOR, J.: This is an appeal from a decision of the Court of First Instance of Davao, Hon. Vicente N. Cusi, Jr., presiding, in Special Proceeding No. 622 of said court, dated September 14, 1949, approving among other things the final accounts of the executor, directing the executor to reimburse Maria Lucy Christensen the amount of P3,600 paid by her to Helen Christensen Garcia as her legacy, and declaring Maria Lucy Christensen entitled to the residue of the property to be enjoyed during her lifetime, and in case of death without issue, one-half of said residue to be payable to Mrs. Carrie Louise C. Borton, etc., in accordance with the provisions of...

The Code of Commerce is one of the laws that govern Negotiable Instruments.

[ Act No. 2031, February 03, 1911 ] AN ACT ENTITLED "THE NEGOTIABLE INSTRUMENTS LAW." By authority of the United States, be it enacted by the Philippine Legislature, that: TITLE I. NEGOTIABLE INSTRUMENTS IN GENERAL. CHAPTER I. FORM AND INTERPRETATION. SECTION 1. Form of negotiable instrument.—An instrument to be negotiable must conform to the following requirements: (a) It must be in writing and signed by the maker or drawer; (b) Must contain an unconditional promise or order to pay a sum certain in money; (c) Must be payable on demand, or at a fixed or determinable future time; (d) Must be payable to order or to bearer; and (e) Where the instrument is addressed to a drawee, he must be named or otherwise indicated therein with reasonable certainty. SEC. 2. Certainly as to sum ; what constitutes.—The sum payable sum is a sum certain within the meaning of this Act, although it is to be paid— (a) With interest; or (b) By stated installments^ or (c) By stated installments,...