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BPI Negligence in Forged Check Case by Faye Cience Bohol is a document available to read on EtoBox.

What is BPI Negligence in Forged Check Case about?

The Supreme Court ruled that both the Bank of the Philippine Islands (BPI) and China Banking Corporation (CBC) were negligent in the encashment of forged checks by an impostor. While BPI was more negligent in preterminating the placement and issuing checks to the impostor, CBC failed to properly verify the opening of a new account and ignored suspicious circumstances regarding withdrawals. Both banks did not exercise due diligence in selecting and supervising employees, resulting in the fraud. The Court app

Author

Faye Cience Bohol

Language

EN