About this document
Atrium Management vs. Hi-Cement Liability by Benjie Sales is a document available to read on EtoBox.
1. The case involved four checks issued by Hi-Cement Corporation to E.T. Henry & Co. Inc. that were later endorsed over to Atrium Management Corp. Atrium sued to collect on the checks after they were dishonored. 2. The Court of Appeals ruled that the issuance of the checks to E.T. Henry by Hi-Cement treasurer Lourdes de Leon was an ultra vires act because she was not authorized to issue checks for purposes other than what they were originally intended for. 3. The Supreme Court affirmed, finding that while
- Author
- Benjie Sales
- Language
- EN