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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.
Dec 6, 2006negotiable instruments lawmaterial alterationdrawee bank liabilitybanking lawcheckscommercial law
Drawee Bank Liability for Altered Checks: Material Alteration Under Philippine Law
When a drawee bank pays a materially altered check, it bears the loss. The Supreme Court explains why in Metrobank v. Cabilzo.