G.R. No. 227005 - BDO Unibank, Inc. vs. Lao

BDO Unibank, Inc. vs. Lao

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Title Supreme Court: BDO Unibank, Inc. vs. Lao

Case: G.R. No. 227005

Decision Date: Jun 19, 2017

Engr. Lao issued crossed checks to Everlink, but they were deposited into unauthorized accounts. BDO, as drawee bank, avoided liability due to finality of RTC decision, while Union Bank, as collecting bank, was held negligent for improper deposit, allowing Lao to recover directly from Union Bank.

crossed check

liability

payment

Long 21 min

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