From the library
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.
Have your own question? Ask ASG Legal AI now.
Get a cited, plain-language answer from 184,000+ statutes and decisions — free, no sign-up.
Jan 31, 2005letters of creditconstruction contractstripartite agreementbank liabilitydamagesphilippine law
Letters of Credit and Construction Contracts: Defining Liability in Tripartite Agreements
A Supreme Court ruling clarifies when a bank is liable under a tripartite letter of credit agreement in construction financing.