FIRST DIVISION
D E C I S I O N
DEL CASTILLO, J.:
A crossed check with the notation “account payee only” can only be deposited in the named payee’s account. It is gross negligence for a bank to ignore this rule solely on the basis of a third party’s oral representations of having a good title thereto.
Before the Court is a Petition for Review on Certiorari of the October 13, 2006 Decision of the Court of Appeals (CA) in CA-G.R. CV No....
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