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                    [ArticleID] => 339695
                    [Title] => Promissory note
                    [Summary] => NOONG November 16, 1995, pinautang ng PBC ang International Trading Co (ITC).  Bilang ebidensya ng pautang ang isang promissory note at isang continuing surety agreement na pirmado nina Elena at Ramon, mga opisyal nito.  Samantala, noong January 21, 1998, muling nagpautang ang PBC sa ITC sa pamamagitan ng promissory note Renewal BD 829802101 sa halagang P3 milyon.  Hayagang nakasaad dito na anumang legal na hakbang na maaring magmula sa nasabing promissory note ay tanging sa lunsod lamang ng Makati "to the exclusion of all other courts"  ang venue o ang lugar ng paglilitisan.

                    [DatePublished] => 2006-06-01 00:00:00
                    [ColumnID] => 134393
                    [Focus] => 0
                    [AuthorID] => 1804883
                    [AuthorName] => Jose C. Sison
                    [SectionName] => PSN Opinyon
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                    [ArticleID] => 338320
                    [Title] => Intertwined
                    [Summary] => In an action against the sureties based on a surety agreement, can the complaint be filed in a venue other than that stipulated in the principal loan agreement as embodied in the promissory note? This is the issue in this case of a commercial bank (PBC).


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INTERNATIONAL TRADING CO

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                    [ArticleID] => 339695
                    [Title] => Promissory note
                    [Summary] => NOONG November 16, 1995, pinautang ng PBC ang International Trading Co (ITC).  Bilang ebidensya ng pautang ang isang promissory note at isang continuing surety agreement na pirmado nina Elena at Ramon, mga opisyal nito.  Samantala, noong January 21, 1998, muling nagpautang ang PBC sa ITC sa pamamagitan ng promissory note Renewal BD 829802101 sa halagang P3 milyon.  Hayagang nakasaad dito na anumang legal na hakbang na maaring magmula sa nasabing promissory note ay tanging sa lunsod lamang ng Makati "to the exclusion of all other courts"  ang venue o ang lugar ng paglilitisan.

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                    [ArticleID] => 338320
                    [Title] => Intertwined
                    [Summary] => In an action against the sureties based on a surety agreement, can the complaint be filed in a venue other than that stipulated in the principal loan agreement as embodied in the promissory note? This is the issue in this case of a commercial bank (PBC).


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abtest

Promissory note

By Jose C. Sison | June 1, 2006 - 12:00am

NOONG November 16, 1995, pinautang ng PBC ang International Trading Co (ITC). Bilang ebidensya ng pautang ang isang promissory note at isang continuing surety agreement na pirmado nina Elena at Ramon, mga opisyal...

PSN Opinyon

Intertwined

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | May 24, 2006 - 12:00am

In an action against the sureties based on a surety agreement, can the complaint be filed in a venue other than that stipulated in the principal loan agreement as embodied in the promissory note? This is the issue...

Opinion