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Banco Atlantico vs. Auditor General Case Summary by Charm Divina Lascota is a document available to read on EtoBox.

What is Banco Atlantico vs. Auditor General Case Summary about?

Banco Atlantico sued the Auditor General to recover funds it released to a Philippine Embassy employee, Boncan, on checks that were later dishonored. The court held that Banco Atlantico was not a holder in due course because it should have been aware of defects in the checks given that Boncan, who had special relations with bank employees, requested the checks not be deposited until later despite their large amounts. Allowing payment before clearing was also abnormal banking practice. As such, the Philippin

Author

Charm Divina Lascota

Language

EN