University of San Jose-Recoletos

Magallanes St. Cebu City

Project in LAW 2:
The Negotiable Instruments Law

Submitted to:
Atty. Diana Velasco

Submitted by
Nathallie H. Cabaluna
MWF 6:00-7:00

PROMISSORY NOTE
1. Payable on stated installment
2
I promise to pay P or order P50, 000.00 payable as follows:
March
June
September
December

1, 2015
1, 2015
1, 2015
1, 2015

P15, 000.00
P10, 000.00
P15, 000.00
P10, 000.00
(Sgd.) M
I promise to pay P or bearer P60, 000.00 in twelve equal monthly
installments of P5, 000.00 maturing on the last day of every month
beginning January 2015.
(Sgd.) M

2. Payable on stated installment with acceleration clause

h
I promise to pay P or order P50, 000.00with interest at 12% payable
as follows:
March
June
September
December

1, 2015
1, 2015
1, 2015
1, 2015

P15, 000.00
P10, 000.00
P15, 000.00
P10, 000.00

Upon default in the payment of any interest, the whole amount

payable and the interest payable shall become due.
(Sgd.) M

3.

I promise to pay P or bearer P60, 000.00 in twelve equal monthly

installments of P5, 000.00 maturing on the last day of every month
beginning January 2015.
Upon default in the payment of any installment, the whole amount
payable under this note shall become due.
(Sgd.) M

Payable to
the order of

a fictitious person
I oblige myself to pay to the order of Shinichi Kudo P10, 000.00
on or before May 4, 2015.
(Sgd.) M
I agree to pay Juan Dela Cruz or order P5, 000.00 payable on or
before December 25, 2015.
(Sgd.) M

4.
I shall pay Pencil or order P25, 000.00 ninety days after sight.
(Sgd.) M
I promise to pay Plate or order P500.00 on January 2, 2015.
(Sgd.) M

Payable to a
payee which
purports to
be a name
of a
person

5. Payable to order
I promise to pay to the order of X, Y, and Z P30,000.00 thirty days
after January 2, 2015.
(Sgd.) M

6.

I promise to pay the CEO of Penshoppe the sum of P50, 000.00

sixty days after sight.
(Sgd.) M

Payable on
demand

I promise to pay to the order of X, Y, and Z P30,000.00 on

demand.
(Sgd.) M
I promise to pay P or bearer P20, 250.
(Sgd.) M

7. Payable at a fixed date

I agree to pay P or bearer P100, 000.00 before January 31, 2015.
(Sgd.) M
I oblige myself to pay P or bearer P10, 000.00 on March 15, 2015.
(Sgd.) M
8.
I promise to pay P or order P5, 500.00 sixty-five days after
January 15, 2015.
(Sgd.) M
I shall pay Liezel Maglinte or bearer P2, 000.00 twenty days after
February 14, 2015.
(Sgd.) M

Payable
after a fixed
period after
date

BILL OF EXCHANGE
1. Payable on stated installment
Pay to P or order P50, 000.00 payable as follows:
March
June
September
December

1, 2015
1, 2015
1, 2015
1, 2015

P15, 000.00
P10, 000.00
P15, 000.00
P10, 000.00
(Sgd.) R

To W
Manila
Pay to P or order P60, 000.00 in twelve equal monthly
installments of P5, 000.00 maturing on the last day of every month
beginning January 2015.
(Sgd.) Nathallie Cabaluna
To Wealthbank
F. Ramos St., Cebu City

2. Payable in sum certain in money with cost of collection

Pay to P or order P10, 000.00 before January 31, 2015 with costs
of collection if not paid on maturity.
(Sgd.) Nathallie Cabaluna
To Sterling Bank
Magallanes St., Cebu City

Pay to P or order P50, 000.00 on or before March 31, 2015 with

P10, 000.00 attorneys fee if not paid on maturity.
(Sgd.) Nathallie Cabaluna
To Sterling Bank
Magallanes St., Cebu City

3. Payable to the order of a fictitious person

Pay to the order of Conan Edogawa P25, 000.00 twenty days after
presentation.
(Sgd.) R
To Banco de Oro
Osmea Blvd., Cebu City
Pay to the order of Santa Claus P50, 000.00 two days after
January 3, 2015.
(Sgd.) R
To Banco de Oro
Osmea Blvd., Cebu City

4. Payable to a payee which purports to be a name of a person

Pay to the order of Legal Tender P50, 000.00 twenty days after
presentation.
(Sgd.) R
To Banco de Oro
Osmea Blvd., Cebu City
Pay to Money or order P10, 000.00 on the 25 th day of February
2015.
(Sgd.) Nathallie Cabaluna
To Wealthbank
F. Ramos St., Cebu City

5. Payable to the order of the drawer

Pay to the order of myself P5, 000.00 on the 1 st day of March
2015.
(Sgd.) Nathallie Cabaluna
To Sterling Bank
Magallanes St., Cebu City

Pay to the order of drawer P15, 000.00 ten days after presentation.
(Sgd.) Nathallie Cabaluna
To Sterling Bank
Magallanes St., Cebu City

6. Payable on demand
Pay to P or order P50, 000.00.
(Sgd.) R
To Wealthbank
F. Ramos St., Cebu City

Pay to the order of Jane Belle Montes the sum of P35, 000.00
payable on demand.
(Sgd.) R
To Wealthbank
F. Ramos St., Cebu City

7. Payable after the occurrence of a specified event

Pay to P or order P100, 000.00 ten days after the death of his
mother.
(Sgd.) R
To Banco de Oro
Osmea Blvd., Cebu City
Two months after the death of his foster father, pay to P or order
the sum of P25, 000.00.
(Sgd.) R
To Banco de Oro
Osmea Blvd., Cebu City
8. Payable after a fixed period after date
January 23, 2015
Twenty days after date, Pay to Kris Anne Singson or order the
sum of P150, 000.00.
(Sgd.) R
To Unionbank
Fuente Osmea Circle, Cebu City

Pay to Jacklyn Jaralve the sum of P18, 500.00 thirty-two days

after March 1, 2015.
(Sgd.) Nathallie Cabaluna
To Unionbank
Fuente Osmea Circle, Cebu City