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What is Nego Digest about?

This document summarizes two court cases regarding liability for endorsed checks and promissory notes. In Gonzales vs. RCBC, the court held that RCBC could not hold prior endorsers liable for a dishonored check because RCBC itself had introduced the defect by endorsing the check for a limited amount, which caused its dishonor. In Tomas Ang vs. Associated Bank, the court affirmed that an accommodation party who signs a promissory note is liable, even without receiving consideration, as their signature al

Author

Kria Celestine Manglapus

Language

EN