The law on negotiable instruments in the Philippines is based on the Negotiable Instruments Law (Act No. 2031), which was enacted in 1911 and took effect in 1913. This law is derived from the Uniform Negotiable Instruments Act of the United States, which was adopted by most states to harmonize the rules on commercial paper. The Uniform Negotiable Instruments Act, in turn, was influenced by the English Bills of Exchange Act of 1882, which codified the common law principles on negotiable instruments.
One of the most authoritative and comprehensive books on the law on negotiable instruments in the Philippines is The Law on Negotiable Instruments (with Documents of Title) by Hector S. De Leon. This book, which is now on its 17th edition, was first published in 1969 and has been updated to reflect the latest developments and jurisprudence on the subject. The book covers not only the provisions of the Negotiable Instruments Law, but also the Civil Code provisions on documents of title and the Warehouse Receipts Law. It also includes as appendices other relevant laws, such as the Check Clearing for the 21st Century Act, the Electronic Commerce Act, and the Anti-Money Laundering Act.
The book is intended primarily for law students, but it can also be used by lawyers, judges, and business executives as a handy reference. The book explains the law in a clear and concise manner, with illustrations and examples to aid understanding. It also cites and quotes judicial decisions and opinions of well-known writers on bills and notes, as well as expresses the author's own views on controversial issues.
The book is available in hardcover and paperback editions, as well as in digital format. The digital edition can be downloaded as a zip file from various online sources . However, users should be careful to avoid downloading pirated or infected copies of the book, as this may violate intellectual property rights and expose them to malware risks.
The Law on Negotiable Instruments by Hector S. De Leon is a valuable resource for anyone who wants to learn more about the legal aspects of negotiable instruments in the Philippines. It is a comprehensive and authoritative guide that covers both theory and practice of this important area of law.
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