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What is Bautista vs. Auto Plus Traders Case Summary about?

The Supreme Court ruled that Jose Aruego could be held personally liable by the Philippine Bank of Commerce for the costs of printing his periodical, even though he argued he signed drafts as an agent of the Philippine Education Foundation. As Aruego did not disclose that he was an agent on the drafts, and signed as the drawee/acceptor, he was primarily liable under the Negotiable Instruments Law as an accommodation party lending his name to the accommodated party. The bank provided credit to finance the pr

Author

Maria

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EN