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Metrobank vs. Mariñas: Loan Deductions Case by Marlbert Borja is a document available to read on EtoBox.
What is Metrobank vs. Mariñas: Loan Deductions Case about?
Larry Mariñas opened several foreign currency deposit accounts with Metropolitan Bank and Trust Company (Metrobank) and used some of the deposits as collateral for loans from the bank. When Mariñas discovered that Metrobank had deducted funds from his accounts to pay interest and principal on the loans, depleting the accounts, he sued the bank. The Supreme Court ruled that while Metrobank was authorized under its agreements with Mariñas to make deductions from his accounts to pay amounts owed, it should sti
- Author
- Marlbert Borja
- Language
- EN