About this document

Borromeo v. Sun: NIL Application Case by Franz Garcia is a document available to read on EtoBox.

1. The NIL can be applied by analogy to non-negotiable instruments like the deed of assignment in Borromeo vs Sun. While the deed was signed in blank, it was intended to facilitate future stock transfers, so SUN could show evidence of ownership. 2. In GSIS vs CA, the promissory note and mortgage deeds given to GSIS were found to not be negotiable instruments under the NIL as they did not meet the requirements of being payable to order or bearer. Thus, the NIL did not apply in this case. 3. In George Kauf

Author

Franz Garcia

Language

EN