G.R. No. 71122, 25 March 1988, 159 SCRA 199 FACTS: Arnoldus Carpentry Shop, Inc. is a domestic corporation which has been in existence since 1960. It has for its secondary purpose the "preparing, processing, buying, selling, exporting, importing, manufacturing, trading and dealing in cabinet shop products, wood and metal home and office furniture, cabinets, doors, [...]
G.R. No. L-8506, 31 August 1956, 99 Phil. 841 FACTS: Celestino Co doing business under the name of “Oriental Sash Factory” Celestino invokes Article 1467 of the New Civil Code to bolster its contention that in filing orders for windows and doors according to specifications, it did not sell, but merely contracted for particular pieces [...]
G.R. No. 97753, 10 August 1992, 212 SCRA 448 FACTS: On various dates, defendant, a commercial banking institution, through its Sucat Branch issued 280 certificates of time deposit (CTDs) in favor of one Angel dela Cruz who deposited with herein defendant the aggregate amount of P1,120,000.00. Angel dela Cruz delivered the said certificates of time [...]
G.R. No. 107508, 25 April 1996, 256 SCRA 491 FACTS: DECS issued a check in favor of Abante Marketing containing a specific serial number, drawn against PNB. The check was deposited by Abante in its account with Capitol and the latter consequently deposited the same with its account with PBCOM which later deposited it with [...]
G.R. No. 141968, 12 February 2001, 351 SCRA 516 FACTS: The respondent Gueco Spouses obtained a loan from petitioner International Corporate Bank (now Union Bank of the Philippines) to purchase a car - a Nissan Sentra 1600 4DR, 1989 Model. In consideration thereof, the Spouses executed promissory notes which were payable in monthly installments and [...]
G.R. No. 74886, 8 December 1992, 216 SCRA 257 FACTS: Philippine Rayon Mills, Inc. entered into a contract with Nissho Co., Ltd. of Japan for the importation of textile machineries under a five-year deferred payment plan. To effect payment for said machineries, the defendant-appellant applied for a commercial letter of credit with the Prudential Bank [...]
210 SCRA 51 (1992) FACTS: Stelco Marketing Corporation is engaged in the distribution and sale to the public of structural steel bars. On seven (7) different occasions in September and October, 1980, it sold to RYL Construction, Inc. quantities of steels bars of various sizes and rolls of G.I. wire. These bars and wire were [...]
G.R. No. 129015, 13 August 2004 FACTS: Plaintiff Samsung Construction Company Philippines, Inc. ("Samsung Construction"), maintained a current account with defendant Far East Bank and Trust Company ("FEBTC"). The sole signatory to Samsung Construction’s account was Jong Kyu Lee ("Jong"), its Project Manager, while the checks remained in the custody of the company’s accountant, Kyu [...]
G.R. No. 121413, 29 January 2001, 350 SCRA 446 FACTS: These consolidated petitions involve several fraudulently negotiated checks. The original actions a quo were instituted by Ford Philippines to recover from the drawee bank, CITIBANK, N.A. (Citibank) and collecting bank, Philippine Commercial International Bank (PCIBank) [formerly Insular Bank of Asia and America], the value of [...]
G.R. No. L-55079, 19 November 1982, 118 SCRA 537 FACTS: A check payable to cash, drawn by Joaquin Cunanan & Company on First National City Bank (FNCB) was deposited with Metropolitan Bank and Trust Company (Metro Bank) by a certain Salvador Sales. Earlier that day, Sales had opened a current account with Metro Bank depositing [...]
