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PNB Liability in Fictitious Payee Case by Reymart-Vin Maguliano is a document available to read on EtoBox.

What is PNB Liability in Fictitious Payee Case about?

1. PNB claimed it was not liable for checks paid without indorsement from named payees, arguing the payees were "fictitious" as they did not intend to receive proceeds. However, the court found the payees were actual existing people, so the fictitious payee defense did not apply. 2. As the checks were drawn on the spouses

Author

Reymart-Vin Maguliano

Language

EN