A loan made by the lender to a person which is payable in installment for which a finance charge is or may be imposed. This term includes credit transactions pursuant to an open-end-credit plan other than a seller credit card. (R.A. 7394, also known as the “Consumer Act of the Philippines,” Art. 4)

“Doing business” includes soliciting orders, service contracts, opening offices, whether called “liaison” offices or branches; appointing representatives or distributors domiciled in the Philippines or who in any calendar year stay in the country for a period or periods totalling one hundred eighty (180) days or more; participating in the management, supervision or control of any [...]

Any name or designation other than the true name of a person, partnership, corporation or association which is used or signed in connection with is/its business or in 1) any written or printed receipt, including receipt for tax on business; 2) any written or printed contract not verified by a notary public; 3) any written [...]

A bill of exchange is an unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at fixed or determinable future time a sum certain in money to order or to bearer. (Sec. 126, Negotiable Instruments [...]

Entities engaged in the lending of funds obtained in the form of deposits. Banks shall be classified into: (a) Universal banks; (b) Commercial banks; (c) Thrift banks, composed of: (i) Savings and mortgage banks, (ii) Stock savings and loan associations, and (iii) Private development banks, as defined in Republic Act No. 7906 (“Thrift Banks Act”); [...]

Refers to the pledging by the debtor of his/her personal services or labor or those of a person under his/her control as security or payment for a debt, when the length and nature of services is not clearly defined or when the value of the services as reasonably assessed is not applied toward the liquidation [...]

A part of the purchase price and given only where there is already a sale, wherein the buyer is bound to pay the balance. (Limson vs. CA, G.R. No. 135929, 20 April 2001)

The movement from one position to another involving the issuance of an appointment with diminution in duties, responsibilities, status or rank which may or may not involve reduction in salary. On the other hand, Section 10 of the same rule defines a reassignment as the movement of an employee from one organizational unit to another [...]

The movement from one position to another involving the issuance of an appointment with diminution in duties, responsibilities, status or rank which may or may not involve reduction in salary. On the other hand, Section 10 of the same rule defines a reassignment as the movement of an employee from one organizational unit to another [...]

A consumer sale wherein the seller uses the announcement to create the impression that he is willing to give large discounts or merchandise in order to reduce, dispose or close out his inventory and business. (R.A. 7394, also known as the “Consumer Act of the Philippines,” Art. 4)