Chartered Bank vs. Nat'l Gov't Auditing Office etal

THE CHARTERED BANK, petitioner, vs. NATIONAL GOVERNMENT AUDITING OFFICE, DEPARTMENT OF PUBLIC WORK & COMMUNICATIONS and BUREAU OF POSTS, respondents.

G.R. No. L-38513 | 1987-03-31

R E S O L U T I O N

PARAS, J.:

This is a petition for review on certiorari of the August 27, 1974 decision of the Government Auditing Office affirming the January 23, 1974 decision of the Postmaster-General.

Petitioner Chartered Bank, through its Iloilo City Branch, was accepting postal money orders from the general public since 1946. The accepted postal money orders were then presented to the Iloilo City Post Office for payment. During the occasions when the available cash in the Post Office was less than the value of the postal money orders, the Iloilo Post Office issued receipts acknowledging the remaining balance.

However, on May...