Source: https://es.scribd.com/document/384423050/12-Metropolitan-Bank-and-Trust-v-Chiok
Timestamp: 2019-04-20 02:14:34+00:00

Document:
vs. WILFRED N. CHIOK, respondent.
BANK OF THE PHILIPPINE ISLANDS, petitioner, vs.
GLOBAL BUSINESS BANK, INC., petitioner, vs. WILFRED N.
Resolution 2(2) in the same case dated November 6, 2006.
earlier than the normal clearing period.
On July 5, 1995, pursuant to the BPLA, Asian Bank "bills purchased"
amount to the latter's Savings Account No. 2-007-03-00201-3.
18,455,350.00) Chiok pursuant to their BPLA.
equivalent of the three checks as agreed upon, in the afternoon of the same day.
represented by their respective managers, Julius de la Fuente and Alice Rivera.
allowed to withdraw the entire proceeds thereof.
check. Metrobank furthermore claimed that since it is the issuer of CC No.
transaction between the purchaser (Chiok) and the payee (Nuguid).
RTC over the case or a violation of the July 6, 1995 TRO.
a) Defendant Asian Bank from paying Manager's Checks No.
b) Defendant Metro Bank from paying Cashier's Check No.
003380 in the amount of P7,613,000.00.
issued on July 26, 1995.
April 15, 1996, reversed itself and allowed the same.
Civil Case No. Q-95-24299 has already become moot.
4. Ordering Spouses Gonzalo B. Nuguid and Marinella O.
The RTC held that Nuguid failed to prove the delivery of dollars to Chiok.
was not opposing the application for the prohibitory injunction.
for in the PCHC Rule Book.
amount equal to the amount credited to his account.
the currency which is legal tender in the Philippines.
be held in the abeyance.
regulations on the clearing operations of banks.
returned for the reason of "step payment" or "closed account."
applied for moot and academic.
they dishonored on account of the TRO.
branch concerned to enlighten the Court on this material point.
payment of the amounts of the 3 checks from the drawee-banks.
the party primarily liable nor the drawee.
held solidarily liable for said fees.
Appeals denied Chiok's Motion to Dismiss.
and defendant Gonzalo B. Nuguid is hereby rescinded.
Cashier's Check No. 003380 are ordered cancelled.
July 7, 1995 until withdrawn by plaintiff-appellee.
what is incumbent upon him.
fulfillment, if the latter should become impossible.
just cause authorizing the fixing of a period.
the form of negotiable instruments — Manager's Check/Cashier's Check.
check were, in the first place, made . . . .
the payee on the ground that the banks were not privy to the said transaction.
for his rights could not have been more opportune under the circumstances.
checks. Hence, Global Bank was ordered to credit Chiok's Savings Account No.
ordered to credit the amount of P7,613,000.00 to Chiok's Savings Account No.
Appeals denied the Motions for Reconsideration.
AN ABSENCE OF CONSIDERATION THEREFOR."
THE EXISTENCE OF SUCH KNOWLEDGE.
obligations under Article 1191 of the Civil Code.
PROVISIONS OF THE BILLS PURCHASE AGREEMENT.
& GLOBAL BUSINESS BANK, INC., and RESPONDENT WILFRED N.
and/or contingent, in relation to the above-referenced cases.
rendered dismissing the above-referenced cases with prejudice.
as signatory, by way of special appearance and assistance.
contingent, in these cases and praying that the instant proceedings in G.R.
thereon within ten (10) days from notice thereof . . . .
Resolution of this Court be reconsidered and set aside.
Bank granting the supposed signatories the authority to enter into a compromise.
Decision of the Court of Appeals.
seeking relief against unfaithful or neglectful counsel.
which authority includes stopping the payment of the checks.
Sending Bank shall be mandatory.
as good as cash. Thus, in New Pacific Timber & Supply Company, Inc. v. Hon.
amount equal to the amount credited to his account" shall apply in this case. .
We disagree with the above ruling.
cause authorizing the fixing of a period.
1388 and the Mortgage Law.
the crediting of the amounts thereof back to his accounts.
prejudiced by the failure of Nuguid to comply with the terms thereof.
obligation under checks in which they are liable as both drawer and drawee.
a contract they were not privy to.
interest of substantial justice, We are constrained to rule in the affirmative.
collect on the subject checks.
they are regarded substantially as good as the money they represent.
Order and executed an affidavit of loss. Uy reported the loss to the police.
payee to collect on the check.
whatever was relayed by Chiok himself when he asked for a Stop Payment Order.
undertaken to protect your interest Mr. witness?
Q: Prior to that matter that you sought the advise of your lawyer, Atty.
Bank, what did you do in order to protect your interest?
mention that Metrobank was ever notified of the alleged failure of consideration.
eroding their integrity and honor as being as good as cash.
manager's and cashier's checks should be lifted.
issue as a counterclaim in the case at bar, preventing us from ruling on the same.
by the act of its issuance.
value of the questioned check.
prerogative expressly granted to it by the Monetary Board.
when it immediately credited their amounts to Nuguid's account.
was made through palpable mistake or that no such admission was made.
time when the indorsement is actually made.
committed in effect its total resources, integrity and honor towards its payment.
representing the aggregate face value of MC No. 025935 and MC No. 025939.
Court of Appeals that the amounts be treated as savings deposits in Global Bank.
We have to stress that respondent Chiok is not left without recourse.
the present consolidated cases, he cannot be bound by our judgment herein.
separate action to recover the amounts of the checks.
Appeals with respect to him.
Motion filed with this Court on May 28, 2013.
The petitions in G.R. No. 172652 and G.R. No. 175302 are GRANTED.
amount of P18,455,350.00, representing the aggregate face value of MC No.
the same compounding rules it applies to its depositors.
The petition in G.R. No. 175394 is hereby rendered MOOT.
under the Decision and Resolution of the Court of Appeals in CA-G.R. CV No.
Sereno, C.J., Carpio, *(64) Perez and Jardeleza, **(65) JJ., concur.
* Per Raffle dated April 23, 2012.
** Per Raffle dated November 26, 2014.
1. Rollo (G.R. No. 172652), pp. 48-73; penned by Associate Justice Estela M.
Salazar-Fernando and Hakim S. Abdulwahid, concurring.
4. This is based on the rate of exchange of P25.50/$1.00 as of July 5, 1995.
5. Rollo (G.R. No. 172652), pp. 87-97.
9. Rollo (G.R. No. 175302), p. 91.
11. Rollo (G.R. No. 175302), p. 77.
17. Rollo (G.R. No. 175394), pp. 99-100.
19. Rollo (G.R. No. 172652), pp. 72-73.
27. Rollo (G.R. No. 175302), p. 19.
28. Rollo (G.R. No. 175394), pp. 26-27.
29. Santana-Cruz v. Court of Appeals, 414 Phil. 47, 61 (2001).
31. Rañola v. Spouses Rañola, 612 Phil. 307, 313 (2009).
32. BPI Family Savings Bank, Inc. v. Manikan, 443 Phil. 463, 467-468 (2003).
33. Rollo (G.R. No. 172652), pp. 130-131.
35. 189 Phil. 516, 523-524 (1980).
36. G.R. No. 108555, December 20, 1994, 239 SCRA 310, 322.
37. Benguet State University v. Commission on Audit, 551 Phil. 878, 886-887 (2007).
38. Rollo (G.R. No. 172652), p. 72.
39. CIVIL CODE, Article 1385.
40. Rollo (G.R. No. 172652), p. 61.
43. Referred to as "resolution" in the Old Civil Code.
Packaging Corporation v. Court of Appeals, 388 Phil. 835, 845 (2000).
45. Liongson v. Martinez, 36 Phil. 948, 952 (1917).
48. Rollo (G.R. No. 172652), p. 88.
50. Rollo (G.R. No. 172652), pp. 57-59 and 66.
(Mesina v. Intermediate Appellate Court, 229 Phil. 495, 504 ).
52. TSN, March 17, 1997, pp. 14-15; rollo (G.R. No. 172652), pp. 309-310.
53. Rollo (G.R. No. 175394), pp. 228-229.
54. 597 Phil. 402 (2009).
56. Rollo (G.R. No. 172652), p. 63.
58. Pinlac v. Court of Appeals, 421 Phil. 516, 520-521 (2001).
59. Rollo (G.R. No. 172652), pp. 63-64.
60. Bank of the Phil. Islands v. Court of Appeals, 541 Phil. 595, 610 (2007).
61. BPI Family Savings Bank, Inc. v. Manikan, supra note 32 at 467.
62. Bangko Sentral ng Pilipinas Circular No. 799 effective July 1, 2013.
63. Pinlac v. Court of Appeals, supra note 58.
Case Digest Compilation - Nat. Res.
CIR vs. Filinvest Dev’t Corp.

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