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Republic Bank by Choystel Mae Artigas is a document available to read on EtoBox.

1) SMC issued a dividend check to Delgado for P240 that was fraudulently altered to P9,240 after being delivered. Delgado deposited the check into his Republic Bank account. Republic Bank endorsed and deposited the check with FNCB. 2) FNCB paid Republic Bank P9,240 but later SMC notified FNCB of the alteration. FNCB refunded SMC and demanded Republic Bank refund the amount based on its endorsement. 3) The Supreme Court ruled that under the 24-hour clearing house rule, FNCB

Author

Choystel Mae Artigas

Language

EN