Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
Altered Checks and Bank Liability: Who Pays the Price of Forgery
When a bank clears an altered check, who bears the loss? The Supreme Court clarifies liability rules in Areza v. Express Savings Bank.
Aug 20, 2008negotiable instruments lawholder in due coursealtered checksbanking lawcommercial lawfar east bank
Altered Checks and Holder in Due Course Protection Under the Negotiable Instruments Law
Supreme Court ruling on drawee bank liability for altered checks and holder in due course protection under the Negotiable Instruments Law.