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RCBC vs. Lustre: Liquidated Damages Ruling by Jay Vee is a document available to read on EtoBox.

What is RCBC vs. Lustre: Liquidated Damages Ruling about?

Atty. Felipe Lustre issued 24 postdated checks to RCBC as payment for a vehicle loan. One check was debited from his account but later recalled, as it lacked his signature. RCBC then refused to accept the last two checks and demanded payment of the unsigned check plus liquidated damages, claiming delay. The Supreme Court ruled that RCBC acted in bad faith by debiting the unsigned check and abruptly refusing the last payments. RCBC

Author

Jay Vee

Language

EN