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What is Banking Diligence and Liability Doctrines about?

Banks are required to exercise the highest degree of diligence in their transactions because: 1) The banking institution is "impressed with public interest" such that the public’s faith is "of paramount importance." 2) Banks handle transactions involving millions of pesos daily, so the degree of responsibility, care and trustworthiness expected of their employees is far greater than ordinary clerks. 3) Banks must show that they exercised the required due diligence before claiming protections, as their

Author

Jasmin Denisse Dela Cruz

Language

EN