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Jan 15, 2020negotiable instruments lawholder in due coursebank draftsstop payment orderdrawer liabilitycivil law
Holder in Due Course Rights Prevail Over Stop Payment Orders
Philippine Supreme Court rules a holder in due course can enforce bank drafts despite stop payment orders, explaining drawer liability under the Negotiable Instruments Law.
Jan 15, 2020commercial-lawnegotiable-instruments-lawbank-draftsholder-in-due-coursedrawer-liabilitystop-payment-order
Liability for Dishonored Bank Drafts: Holder in Due Course vs Drawer's Obligations
Philippine Supreme Court clarifies a bank drawer's liability on dishonored bank drafts, even after a stop payment order, when held by a holder in due course.