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Manila Lighter Transportation, Inc. vs. Court of Appeals, et al.

MANILA LIGHTER TRANSPORTATION, INC., petitioner, vs. COURT OF APPEALS AND CHINA BANKING CORPORATION, respondents.

G.R. No. L-50373 | 1990-02-15

D E C I S I O N


GRIá'O-AQUINO, J.:

A complaint for recovery of the value of forty-nine (49) checks with alleged forged/unauthorized indorsements of the payee of which 26 were paid to the petitioner or order and twenty-three (23) to petitioner or bearer, was filed by herein petitioner against private respondent China Banking Corporation on May 22, 1962. The complaint alleged that the checks were issued by customers of the petitioner in payment of brokerage/lighterage services and were all delivered, without petitioner's knowledge, to its collector, Augusto Perez. Upon forged indorsements of the petitioner's general manager, the checks...