This case has been cited 2 times or more.
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2008-09-26 |
REYES, R.T., J. |
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| A bank that regularly processes checks that are neither payable to the customer nor duly indorsed by the payee is apparently grossly negligent in its operations.[21] This Court has recognized the unique public interest possessed by the banking industry and the need for the people to have full trust and confidence in their banks.[22] For this reason, banks are minded to treat their customer's accounts with utmost care, confidence, and honesty.[23] | |||||
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2000-02-29 |
YNARES-SANTIAGO, J. |
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| Said ruling brings to light the fact that the banking business is affected with public interest. By the nature of its functions, a bank is under obligation to treat the accounts of its depositors "with meticulous care, always having in mind the fiduciary nature of their relationship."[27] As such, in dealing with its depositors, a bank should exercise its functions not only with the diligence of a good father of a family but it should do so with the highest degree of care.[28] | |||||