Can I read BPI vs. CA: Check Encashment Ruling on EtoBox?

BPI vs. CA: Check Encashment Ruling by Mark De Jesus is a document available to read on EtoBox.

What is BPI vs. CA: Check Encashment Ruling about?

Salazar deposited three checks payable to JRT Construction into his own account, even though the checks were not endorsed. Templonuevo, the rightful payee, protested this action. The court ruled that a person who is not the payee or endorsed cannot cash a check. Specifically, the court held that a check payable to a specific party, and not to bearer, can only be cashed by the payee or an endorsee, and without endorsement, the holder must prove their title to the check. BPI later debited Salazar

Author

Mark De Jesus

Language

EN