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Showing 1–2 of 2 articles for “fictitious payee”

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Mar 16, 2022 commercial-law negotiable-instruments forged-checks collecting-bank banking-law fictitious-payee

Liability for Forged Checks When Collecting Banks Bear the Loss

Philippine Supreme Court ruling on collecting bank liability for forged endorsements, negligence standards, and the fictitious payee rule.

Sep 26, 2008 fictitious payee negotiable instruments law bank liability check payments commercial law

Fictitious Payee Rule and Bank Liability in Check Payments

When is a named payee "fictitious" under Philippine law? The Supreme Court explains who bears the loss when checks are paid without indorsement.