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Check Not Legal Tender in Payment by Margarita Louise is a document available to read on EtoBox.
What is Check Not Legal Tender in Payment about?
The document discusses a case regarding whether payment by check constitutes legal tender. Specifically: 1) Eden Tan sued and was awarded a judgment against the Tibajia spouses for over 300,000 pesos. When the Tibajia spouses paid Eden Tan the amount owed with a check, Eden Tan refused to accept it, insisting on cash. 2) The issue before the court was whether payment by check constitutes legal tender. 3) The Supreme Court ruled that a check is not considered legal tender under Philippine law. A credito
- Author
- Margarita Louise
- Language
- EN