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Atrium Mngt Corp vs CA, E.T. Henry And Co., Lourdes Victoria De Leon, Rafael De Leon, Jr., & Hi-Cement

ATRIUM MANAGEMENT CORPORATION, petitioner, vs. COURT OF APPEALS, E.T. HENRY AND CO., LOURDES VICTORIA M. DE LEON, RAFAEL DE LEON, JR., AND HI-CEMENT CORPORATION, respondents.

G.R. No. 109491 | 2001-02-28

D E C I S I O N

PARDO, J.:

What is before the Court are separate appeals from the decision of the Court of Appeals,[1] ruling that Hi-Cement Corporation is not liable for four checks amounting to P2 million issued to E.T. Henry and Co. and discounted to Atrium Management Corporation.

On January 3, 1983, Atrium Management Corporation filed with the Regional Trial Court, Manila an action for collection of the proceeds of four postdated checks in the total amount of P2 million. Hi-Cement Corporation through its corporate signatories, petitioner Lourdes M. de Leon,[2] treasurer, and the late Antonio de las Alas, Chairman, issued checks in...