Professional Documents
Culture Documents
FACTS:
January 12, 1981: GCDC issued a "Stop Payment Order" to SBTC claiming
that the P 8M check was released to a 3rd party by mistake
February 13, 1981: RCBC filed a complaint for damages against SBTC with
CFI then transferred to RTC
Following the rules of the Philippine Clearing House, RCBC and SBTC stopped
returning the checks to each other.
ISSUE: W/N SBTC should be held liable for its manager's check
managers check