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Holder in due course. In commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found not to be payable as written, a holder in due course can enforce payment by the person who originated it and ...
Community Tax Certificate. A community tax certificate ( Filipino: sertípiko ng buwís pampámayanan) or sédula (from Spanish cédula ), sometimes confused as residence certificate, is a legal identity document in the Philippines. Issued by cities and municipalities to all persons that have reached the age of majority and upon payment of a ...
The typical format of an invoice starts with a header prominently featuring the term "Invoice". This is usually followed by information needed to establish the context of the transactions such as the name, address, and contact information of the parties involved (e.g. buyer and seller) and important dates such as when payment must be received.
The Oath of Allegiance ( Tagalog: Panunumpa ng Katapatan) is an oath administered to and recited by immigrants who wish to accede to the citizenship of the Republic of the Philippines. The current oath, based on the United States Oath of Allegiance, was first enshrined in Commonwealth Act No. 473, the Revised Naturalization Law of 1939, with ...
A cashier's check (or cashier's cheque, cashier's order, official check; in Canada, the term bank draft is used [ 1], not to be confused with Banker's draft as used in the United States) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a bank employee. [ 2] Cashier's checks are treated as guaranteed funds because the ...
The Philippines is a mixed law jurisdiction, shaped primarily by Spanish civil law and American common law as codified in the Philippine Civil Code. The Philippine Civil Code defines a contract as "a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service". [220]
The Philippine Deposit Insurance Corporation ( Filipino: Korporasyon ng Pilipinas sa Seguro ng Deposito, [ 1] abbreviated as PDIC) is a Philippine government-run deposit insurance fund. It was established on June 22, 1963, by Republic Act 3591. It guarantees deposits up to ₱ 500,000. [ 2]
Website. www .dbp .ph. The Development Bank of the Philippines ( DBP) is a state-owned development bank headquartered in Makati, Philippines. It is primarily tasked to provide banking services to cater to the needs of agricultural and industrial enterprises. [ 4] It has 146 branches including 14 branch lite units.