Back

Equitable PCI Bank Vs. Rowena Ong.

EQUITABLE PCI BANK (the Banking Entity into which Philippine Commercial International Bank was merged), Petitioner, versus ROWENA ONG, Respondent.

G.R. No. 156207 | 2006-09-15

FIRST DIVISION

D E C I S I O N 

CHICO-NAZARIO, J.: 

On 29 November 1991, Warliza Sarande deposited in her account at Philippine Commercial International (PCI) Bank Magsaysay Avenue, Santa Ana District, Davao City Branch, under Account No. 8502-00347-6, a PCI Bank General Santos City Branch, TCBT[1] Check No. 0249188 in the amount of P225,000.00. Upon inquiry by Serande at PCI Bank on 5 December 1991 on whether TCBT Check No. 0249188 had been cleared, she received an affirmative answer. Relying on this assurance, she issued two checks drawn against the proceeds of TCBT Check No. 0249188. One of these was PCI Bank Check No. 073661...