Coverage for the CredTrans exam:

E. Mutuum
I. Credit Transactions 1. Requisites
a. Consent
A. Definition b. Object
c. Cause
B. Credit, definition d. Delivery
2. Parties
C. Types 3. Characteristics
1. Principal contract 4. Form
2. Contract of Security 5. Extinguishment
a. Secured transactions 6. Obligations of the borrower
b. Unsecured transactions 7. Obligations of the creditor
8. Interest
D. Security, definition a. Kinds
i. Simple
E. Bailment ii. Compound
1. Definition iii. Legal
2. Elements iv. Lawful
3. Parties v. Unlawful or usurious interest
4. Subject Matter b. Requisites for recovery
5. Kinds c. Liability
a. Ordinary i. Interest
b. Extraordinary ii. Surcharge
iii. Penalty
II. Loan iv. Escalation clause
d. Valuation
A. Definition e. Usury, definition
i. BSP Circular No. 799, Series of 2013
B. Loan vs. Credit
III. Deposit
C. Kinds
1. Commodatum A. Definition
2. Mutuum
B. Kinds
D. Commodatum
1. Kinds C. Requisites
2. Requisites 1. Consent
a. Consent 2. Object
b. Object 3. Cause
c. Cause 4. Delivery
d. Delivery
3. Parties D. Characteristics
4. Characteristics
5. Form E. Form
6. Extinguishment
7. Obligations of the bailee F. Extinguishment
8. Obligations of the bailor
G. Extrajudicial deposit
1. Voluntary deposit H. Effects of guaranty between co-guarantors
a. General provisions 1. Joint obligation
b. Obligations of the depositary 2. Sub-guaranty
c. Obligations of the depositor 3. Defenses available to co-guarantors
2. Necessary deposit
a. Circumstances I. Extinguishment
b. Liability
J. Legal and judicial bonds
H. Sequestration or judicial deposit 1. Definition
1. Circumstance 2. Obligations
2. Object
3. Extinguishment
4. Degree of diligence

IV. Guaranty vs. Surety

A. Definition

B. Requisites
1. Consent
2. Object
3. Cause
4. Existence of a valid obligation

C. Parties

D. Characteristics

E. Form
1. Strictissimi juris

F. Effects of guaranty between the guarantor and the

creditor
1. Necessity of demand
2. Excussion
i. Procedure
ii. When not available
3. Sub-guaranty
4. Division
5. Compromise

G. Effects of guaranty between the debtor and the

guarantor
1. Scope of indemnity
2. Exceptions
3. Right of subrogation
4. Preliminary remedy