Professional Documents
Culture Documents
FACTS:
Ilusorio was a businessman who was in charge of 20 or so
corporations. He was a depositor in good standing of Manila
Banking Corporation. As he was in charge of a big number of
corporations, he was usually out of the country for business. He
then entrusted his credit cards, checkbook, blank checks,
passbooks, etc to his secretary, Katherine Eugenio. Eugenio was
also in charge of verifying and reconciling the statements of
Ilusorios checking account.
Issue: W/N Manila Bank is liable for damages for failing to detect a
forged check
Held: