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Showing 1–5 of 5 articles for “crossed checks”

Crossed Checks as Proof of Debt: A Landmark Philippine Supreme Court Ruling

The Supreme Court ruled that crossed checks issued to a named payee are strong evidence of debt, reversing the Court of Appeals.

Bank Negligence and Crossed Checks: Protecting Payees in Financial Transactions

When banks accept crossed checks without proper indorsement, they breach their duty of extraordinary diligence to the payee.

The Perils of Crossed Checks: Navigating Holder in Due Course Status

A crossed check warns holders to verify the indorser's title. Learn how the Supreme Court applied this rule in Dino v. Judal-Loot.

Crossed Checks and Collecting Banks: Who Bears the Loss for Wrong Endorsement?

Learn when a collecting bank is liable for depositing a crossed check into the wrong account, and the duty to verify endorsements.

Perfecting a Loan Delivery and the Role of Crossed Checks in Financial Agreements

When is a loan perfected? The Supreme Court clarifies how delivery of crossed checks affects loan contracts and interest claims.