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Marcos vs. Philippine Banking Corp. Case by JVM is a document available to read on EtoBox.

What is Marcos vs. Philippine Banking Corp. Case about?

1) Leonilo Marcos filed a case against Philippine Banking Corporation to recover the principal and interest of his time deposits with the bank amounting to over P3 million pesos. 2) Marcos alleged he made two time deposits with the bank in 1982 totaling over P1.4 million pesos. He claimed the bank persuaded him to use these deposits to secure letters of credit instead of withdrawing them. 3) The bank counterclaimed that Marcos

Author

JVM

Language

EN