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.

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Jun 13, 2012 banking-law corporate-liability unauthorized-acts branch-manager guarantee supreme-court

Bank Not Liable for Branch Manager's Unauthorized Guarantee: UCPB v. Planters Products

Supreme Court rules banks are not bound by branch managers' unauthorized guarantees, protecting banks from liability in connivance schemes.