G.R. No. 257151 - Banco de Oro Universal Bank, Inc., Vivian Duldulao, and Christine Nakanishi vs. Liza A. Seastres and Annabelle N. Benaje

Banco de Oro Universal Bank, Inc., Vivian Duldulao, and Christine Nakanishi vs. Liza A. Seastres and Annabelle N. Benaje

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Title Supreme Court: Banco de Oro Universal Bank, Inc., Vivian Duldulao, and Christine Nakanishi vs. Liza A. Seastres and Annabelle N. Benaje

Case: G.R. No. 257151

Decision Date: Feb 13, 2023

BDO held liable for P7.4M unauthorized withdrawals due to negligence, violating banking diligence; Seastres' trust in Benaje not contributory negligence.

banking law

fiduciary duty

negligence

Very Long 47 min

END