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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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.