Liability of maker.
Section 60
SEC. 60. Liability of maker.— The maker of a negotiable instrument by making it engages that he will pay it according to its tenor, and admits the existence of the payee and his then capacity to indorse.
Act No. 2031 Section 60
Act No. 2031 Section 60
Other provisions in CHAPTER V.
- Section 61: Liability of drawer.
- Section 62: Liability of acceptor.
- Section 63: When person deemed indorser.
- Section 64: Liability of irregular indorser.
- Section 65: Warranty where negotiation by delivery, and so forth.
- Section 66: Liability of general indorser.
- Section 67: Liability of indorser where paper negotiable by delivery.
- Section 68: Order in which endorsers are liable.
- Section 69: Liability of an agent or broker.
CitationAct No. 2031 Section 60 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
Continue your research
Act No. 2031, full textChapter navigation and full text, so you can read this section in contextPhilippines legislationPhilippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearCHAPTER V. — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections