COVERAGE OF THE BAR EXAMINATION

MERCANTILE LAW
September 19, 2010
(Third Sunday, Morning)
This examination covers decisions of the Supreme Court, promulgated up
to 30 June 2009, and amendments promulgated up to 31 December 2008 to
Republic Acts, Presidential Decrees and Executive Orders, covering the following
subjects:
1.

Code of Commerce
(a)

Letters of Credit under the Code of Commerce (Articles 567-572)

INCLUDE the following:

(i)

The Warehouse Receipts Law (Act No. 2137 in relation to the

General Bonded Warehouse Act [Act No. 3893])

(ii)

Presidential Decree 115 on Trust Receipts

2.

Negotiable Instruments Law (Act No. 2031)

3.

Insurance Code (P.D. No. 1460)

INCLUDE

4.

Philippine Deposit Insurance Corporation Act (R.A. 3591, as

amended)

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Arts. 580-584 of Code of Commerce, as superseded by R.A. No.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 Carriers Liability).

5.

6.

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)

iii)

General Banking Act (R.A. 8791)

Intellectual Property Code (R.A. No. 8293)(Basics)

EXCLUDE: Implementing Rules and Regulations

7.

Intra-Corporate Dispute and Controversy

(Rehabilitation Law)
EXCLUDE: Insolvency Law

8.

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)

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)