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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2007-04-27 |
CHICO-NAZARIO, J. |
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| We never fail to stress the remarkable significance of a banking institution to commercial transactions, in particular, and to the country's economy in general. The banking system is an indispensable institution in the modern world and plays a vital role in the economic life of every civilized nation. Whether as mere passive entities for the safekeeping and saving of money or as active instruments of business and commerce, banks have become an ubiquitous presence among the people, who have come to regard them with respect and even gratitude and, most of all, confidence.[30] Consequently, the highest degree of diligence is expected, and high standards of integrity and performance are even required, of it. [31] | |||||