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Philippine Savings Bank vs. Sakata

PHILIPPINE SAVINGS BANK, PETITIONER, V. MARIA CECILIA SAKATA, RESPONDENT.

G.R. No. 229450 | 2020-06-17

D E C I S I O N
 
LEONEN, J.:
 
It is settled that "a bank is bound to know the signatures of its customers; and if it pays a forged check, it must be considered as making the payment out of its own funds, and cannot ordinarily charge the amount so paid to the account of the depositor whose name was forged."[1]
 
This Petition for Review on Certiorari[2] assails the Decision[3] and Resolution[4] of the Court of Appeals in CA-G.R. CV No. 101976, which affirmed the Decision[5] of the Regional Trial Court of Imus, Cavite, Branch 20 in Civil Case No. 2283-08.
 
On December 17, 2002, Maria Cecilia...