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Gutierrez entered into a business venture called Slam Dunk Corporation with the petitioner. The petitioner pre-signed several blank checks for Slam Dunk expenses and entrusted them to Gutierrez. Without permission, Gutierrez borrowed ₱200,000 from Marasigan using one of the blank checks. The Supreme Court ruled that Gutierrez did not have authority to borrow money on behalf of the petitioner. There was no special power of attorney or written authorization granting Gutierrez this power. Entrusting someone wi

Author

Patrice Thiam

Language

EN