Back

Far East Bank & Trust Co. (FEBTC) vs Chante

FAR EAST BANK & TRUST COMPANY, PETITIONER, VS. ROBERT MAR CHANTE, A.K.A. ROBERT MAR G. CHAN, RESPONDENTS.

G.R. No. 170598 | 2013-10-09

FIRST DIVISION
D E C I S I O N
 
BERSAMIN, J.:
 
In this dispute between a bank and its depositor over liability for several supposedly fraudulent withdrawals from the latter’s account through an automated tellering machine (ATM), we hereby resolve the issue of liability against the bank because of the intervention of a system bug that facilitated the purported withdrawals.

The Case

Under review on certiorari is the decision promulgated on August 1, 2005,[1] whereby the Court of Appeals (CA) reversed the judgment the Regional Trial Court, Branch 51, in Manila (RTC) rendered in favor of the petitioner on May 14, 1998 in Civil Case...