LandmarkCommercial Law
Philippine Racing Club v. Bonifacio
G.R. No. L-11910June 30, 1958
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Cited for
Last Clear Chance (Checks)
Why it matters
Ruled that even if a depositor is negligent in signing blank checks, the bank is liable for the resulting loss if it had the last clear chance to detect the forgery by exercising the ordinary care of a bank in verifying signatures before paying out.
Digest
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