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2014 Bar Examination · Mercantile Law
Mercantile Law — 2014
Every Mercantile Law question from the 2014 Bar, traced to the statutes, cases and Supreme Court doctrines it tests. Open any question for the facts, the mapped authorities, and the ALAC model answer.
The 2014 Mercantile Law questions
Questions are public-domain (Supreme Court Bar examinations). Each ALAC model answer is AI-drafted from landmark authorities and refined with every round of verification.
I. Carlo and Bianca met in the La Boracay festivities. Immediately, they fell in love with each other and got married soon after. They have been cohabiting blissfully as husband and wife, but they did…
II. Bong bought 300 bags of rice from Ben for P 300,000.00. As payment, Bong indorsed to Bena Bank of the Philippine Islands (BPI) check issued by Baby in the amount of P 300,000.00. Upon presentment …
IV. DC is a unit owner of Medici Condominium located in Pasig City. On September 7, 2011, Medici Condominium Corp. (Medici) demanded from DC payment for alleged unpaid association dues and assessments…
VI. On May 26, 2014, Jess insured with Jack Insurance (Jack) his 2014 Toyota Corolla sedan under a comprehensive motor vehicle insurance policy for one year. On July 1, 2014, Jess’ car was unlawfully …
VII. Jinggy went to Kluwer University(KU) in Germany for his doctorate degree (Ph.D.). He completed his degree with the highest honors in the shortest time. When he came back, he decided to set-up his…
IX. On February 21, 2013, Barrack entered into a contract of insurance with Matino Insurance Company (Matino) involving a motor vehicle. The policy obligates Matino to pay Barrack the amount of Six Hu…
XI. PA Assurance (PA) was incorporated in 1980 toengage in the sale of pre-need educational plans. It sold open-ended educational plans which guaranteed the payment of tuition and other fees to planho…
XIII. Pursuant to its By-Laws, Soei Corporation’s Board of Directors created an Executive Committee to manage the affairs of the corporation in between board meetings. The Board of Directors appointed…
XIV. On September 25, 2013, Danny Marcial (Danny) procured an insurance on his life with a face value of P 5,000,000.00 from RN Insurance Company (RN), with his wife Tina Marcial(Tina) as sole benefic…
XV. A, B, C, D, and Ewere members of the 2003-2004 Board of Directors of FLP Corporation. At the election for the 2004-2005 Board of Directors, not one of them was elected. They filed in court a deriv…
XVII. On December 1, 2010, Kore A Corporationshipped from South Korea to LT Corporation in Manila some 300,000 sheets of high-grade special steel. The shipment was insured against all risks by NA Insu…
XVIII. Skechers Corporation sued Inter-Pacific for trademark infringement, claiming that Inter-Pacificused Skechers’ registered "S" logo mark on Inter-Pacific’s shoe products without its consent. Skec…
XIX. Guetze and his wife have three (3) children: Neymar, 25, who is now based in Rio de Janeiro, Brazil; Muelter, 23, who has migrated to Munich, Germany; and James, 21, who resides in Bogota, Colomb…
XX. On May 13, 1996, PAM, Inc. obtained a P 15,000,000.00 fire insurance policy from Ilocano Insurance covering its machineries and equipment effective for one (1) yearor until May 14, 1997. The polic…
XXI. On July 3, 1993, Delia Sotero (Sotero) took out a life insurance policy from Ilocos Bankers Life Insurance Corporation (Ilocos Life) designating Creencia Aban(Aban), her niece, as her beneficiary…
XXII. Paul George Pua (Pua) filed a complaint for a sum of money against the spouses Benito and Caroline James (Spouses James). In the complaint, Pua prayed that the defendants pay Pua the amount of P…
XXIV. A criminal complaint for violation of B.P. 22 was filed by Foton Motors (Foton), an entity engaged in the business of car dealership, against Pura Felipe (Pura) with the Office of the City Prose…
XXV. In an action for collection of a sum of money, the Regional Trial Court (RTC) of Makati City issued a decision finding D-Securities, Inc. liable to Rehouse Corporation for P 10,000,000.00. Subseq…
XXVI. DMP Corporation (DMP) obtained a loan of P 20 million from National Bank (NB) secured by a real estate mortgage over a 63,380-square-meter land situated in Cabanatuan City. Due to the Asian Econ…
XXVII. ELP Insurance, Inc. issued Marine Policy No. 888 in favor of FCL Corp. to insure the shipment of 132 bundles of electric copper cathodes against all risks. Subsequently, the cargoes were shippe…