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The Chartered Bank of India, Australia & China vs. Tuljaram 51 OG 5211

The Chartered Bank of India, Australia & China, plaintiff and appellee, vs. T. Tuljaram, doing business under the name and style of "ESCOLTA PALACE" and "CEBU GANDHI DEPARTMENT STORE", defendant and appellant.

No. 12049-R | 1955-04-14

SANCHEZ, J.:

On appeal from a judgment of the Court of First Instance of Cebu ordering appellant to pay appellee the sum of P8,053.54, with legal interest thereon from the date of the filing of the complaint, and the costs.

On January 10, 1949, appellant T. Tuljaram, otherwise known as Thanwerdas Tuljaram, opened up with the Cebu Branch of appellee The Chartered Bank of India, Australia & China a current deposit account. A good portion of the amounts he deposited in that account consisted of United States depositary checks hereinafter mentioned. As of August 5, 1950, that account was closed.

Involved herein are seven of said depositary...