About this document

Caltex vs. Security Bank: CTD Case Analysis by edrea is a document available to read on EtoBox.

This case involves 280 certificates of time deposit (CTDs) totaling PHP 1,120,000 that were issued by Security Bank to Angel dela Cruz but were later delivered to Caltex (Philippines), Inc. as security for fuel purchases. Dela Cruz later reported the CTDs as lost. Security Bank issued replacement CTDs but later set off the deposits against Dela Cruz

Author

edrea

Language

EN