FIRST DIVISION
D E C I S I O N
Law favoreth diligence, and therefore, hateth folly and negligence.—Wingate’s Maxim.
In doing a friend a favor to help the latter’s friend collect the proceeds of a foreign check, a woman deposited the check in her and her husband’s dollar account. The local bank accepted the check for collection and immediately credited the proceeds thereof to said spouses’ account even before the lapse of the clearing period. And just when the money had been withdrawn and distributed among different beneficiaries, it was discovered that all along, to the...
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