Associated Bank v. Court of Appeals, et al. (G.R. No. 107382, January 31, 1996)
Case Title: Associated Bank v. Court of Appeals, Province of Tarlac and Philippine National Bank Facts: Issue: Who bears the loss for the checks with forged endorsements – the drawer (Province of Tarlac), the drawee bank (PNB), or the collecting bank (Associated Bank)? Ruling: The Court modified the lower court’s decision, ordering PNB to pay … Read more