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Allied Banking Corporation vs. Bank of the Philippine Islands (BPI)

Allied Banking Corporation, Petitioner vs. Bank of the Philippine Islands, Respondent

G.R. No. 188363 | 2013-02-27

FIRST DIVISION 
DECISION 
 
VILLARAMA, JR., J.: 
 
A collecting bank is guilty of contributory negligence when it accepted for deposit a post-dated check notwithstanding that said check had been cleared by the drawee bank which failed to return the check within the 24-hour reglementary period. 
 
Petitioner Allied Banking Corporation appeals the Decision 1 dated March 19, 2009 of the Court of Appeals (CA) in CA-G.R. SP No. 97604 which set aside the Decision2 dated December 13, 2005 of the Regional Trial Court (RTC) of Makati City, Branch 57 in Civil Case No. 05-418. 
 
The...