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PHILIPPINE NATIONAL BANK v. CA

This case has been cited 2 times or more.

2011-05-30
BERSAMIN, J.
A receipt is the written acknowledgment of the fact of payment in money or other settlement between the seller and the buyer of goods, the debtor or the creditor, or the person rendering services, and the client or the customer.[43] Although a receipt is the best evidence of the fact of payment, it isnot conclusive, but merely presumptive; nor is it exclusive evidence, considering that parole evidence may also establish the fact of payment.[44]