Title
Republic Bank vs. Ebrada
Case
G.R. No. L-40796
Decision Date
Jul 31, 1975
A forged check encashed by Ebrada led to a legal battle; the Supreme Court ruled her liable as the last indorser, affirming the bank's right to recover the amount.

Case Summary (G.R. No. 128567)

Key Dates

Issuance of check: January 15, 1963.
Encashment by Ebrada: February 27, 1963.
Filing of complaint by Republic Bank: June 16, 1966.
City Court judgment: March 21, 1967.
Stipulation filed/dated June 6, 1969.
Decision on appeal by the Court of First Instance rendered by Justice Martin: July 31, 1975.

Applicable Law and Constitutional Context

Primary statutory law applied: Negotiable Instruments Law (Act No. 2031), specifically Sections 5, 23, 29, and 65 as cited in the decision.
Constitutional context: decision date 1975 — the applicable constitution at the time was the 1973 Philippine Constitution (notwithstanding the statutory analysis focused exclusively on Act No. 2031).

Facts Admitted by Stipulation

The parties stipulated: (1) the Treasury issued Check No. BP-508060 payable to MARTIN LORENZO for P1,246.08 drawn on Republic Bank; (2) the check bore indorsements in the sequence MARTIN LORENZO, RAMON R. LORENZO, DELIA (ADELAIDA) DOMINGUEZ, and MAURICIA T. EBRADA; (3) Adelaida Dominguez delivered the check to Ebrada for the purpose of encashment; (4) Ebrada affixed her signature when she encashed the check on February 27, 1963; (5) Ebrada received the cash from Republic Bank and immediately turned it over to Adelaida Dominguez, who in turn handed the amount to Justina Tinio on the same date; and (6) the Treasury later advised Republic Bank that the indorsement of MARTIN LORENZO was a forgery and that the purported payee had died in 1952.

Procedural Posture

Republic Bank, having refunded the Treasury upon learning of the forgery, sued Ebrada to recover the P1,246.08 it had paid. Ebrada denied material allegations and asserted affirmative defenses, including that she was a holder in due course or that she derived rights from a holder in due course, and raised estoppel and negligence defenses. After judgment for Republic Bank in the City Court, Ebrada appealed to the Court of First Instance; the parties submitted a partial stipulation of facts and documentary evidence in the appellate proceedings.

Issue on Appeal

Whether Republic Bank could recover from Ebrada the face amount of the check after it was established that the original payee’s signature (Martin Lorenzo’s) was a forgery and that Ebrada did not personally benefit from encashing the check (because she immediately turned the cash over to Dominguez and ultimately to Tinio).

Legal Principles Applied by the Court — Forgery and Negotiation

Section 23 of the Negotiable Instruments Law was applied: a forged signature is wholly inoperative and cannot confer rights unless the opposing party is precluded from asserting forgery. The Court distinguished between a forged indorsement and subsequent genuine indorsements, relying on authority (Beam v. Farrel) to hold that a forged signature invalidates only the negotiation based on that forged signature, not necessarily all subsequent negotiations by genuine indorsers. Thus, the transaction from the forged payee to the second indorser (Ramon R. Lorenzo) was inoperative, but the subsequent transfers from Ramon R. Lorenzo to Adelaida Dominguez and from Dominguez to Ebrada were treated as valid negotiations insofar as they involved genuine indorsements.

Legal Principles Applied by the Court — Indorser Warranties and Liability

The Court relied on Sections 5 and 65 of the Negotiable Instruments Law to emphasize indorsers’ warranties: every person negotiating an instrument by indorsement warrants that the instrument is genuine and that he has good title (Section 5), and an indorser warrants to subsequent holders in due course that the instrument is valid and subsisting (Section 65). Because Ebrada was the last indorser who presented the instrument for payment, she warranted good title and genuineness to Republic Bank as drawee when she encashed the check.

Drawee’s Right of Recovery Against Encashers When Payee’s Signature Is Forged

The Court analyzed and applied authorities holding that a drawee bank which has paid a forged or unauthorized instrument may recover from the person to whom it paid the proceeds. The rationale presented: a person who accepts or presents an instrument for payment is under a duty to satisfy himself of its genuineness; by indorsing or presenting the instrument he impliedly warrants its genuineness, and his failure to perform this duty makes him liable for the loss suffered by the drawee bank that paid the instrument. The Court cited comparative precedents (including an analogous Philippine case, Great Eastern Life Insurance Co

...continue reading

Analyze Cases Smarter, Faster
Jur helps you analyze cases smarter to comprehend faster, building context before diving into full texts. AI-powered analysis, always verify critical details.