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    BPI V Roxas Digest

    Uploaded by

    Kristiana Montenegro Geling
    This case involves a dispute over a cashier's check issued by Bank of the Philippine Islands (BPI) to Gregorio Roxas. Roxas delivered goods to Spouses Cawili, who paid with a personal check that bounced. They then gave Roxas a cashier's check from BPI, which was also dishonored when he tried to cash it. The court ruled that BPI was liable to pay Roxas the amount of the cashier's check. A cashier's check is essentially a bank's own check or promissory note, making the bank primarily obligated to pay upon demand. By issuing the cashier's check, BPI had already accepted the obligation.

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    © All Rights Reserved
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    BPI V Roxas Digest

    Uploaded by

    Kristiana Montenegro Geling
    188 views1 page
    This case involves a dispute over a cashier's check issued by Bank of the Philippine Islands (BPI) to Gregorio Roxas. Roxas delivered goods to Spouses Cawili, who paid with a personal check that bounced. They then gave Roxas a cashier's check from BPI, which was also dishonored when he tried to cash it. The court ruled that BPI was liable to pay Roxas the amount of the cashier's check. A cashier's check is essentially a bank's own check or promissory note, making the bank primarily obligated to pay upon demand. By issuing the cashier's check, BPI had already accepted the obligation.

    Original Description:

    BPI vs. Roxas Digest LAW 7 - Corporation Law and Negotiable Instrument

    Original Title

    BPI v Roxas Digest

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    This case involves a dispute over a cashier's check issued by Bank of the Philippine Islands (BPI) to Gregorio Roxas. Roxas delivered goods to Spouses Cawili, who paid with a personal check that bounced. They then gave Roxas a cashier's check from BPI, which was also dishonored when he tried to cash it. The court ruled that BPI was liable to pay Roxas the amount of the cashier's check. A cashier's check is essentially a bank's own check or promissory note, making the bank primarily obligated to pay upon demand. By issuing the cashier's check, BPI had already accepted the obligation.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    188 views1 page

    BPI V Roxas Digest

    Uploaded by

    Kristiana Montenegro Geling
    This case involves a dispute over a cashier's check issued by Bank of the Philippine Islands (BPI) to Gregorio Roxas. Roxas delivered goods to Spouses Cawili, who paid with a personal check that bounced. They then gave Roxas a cashier's check from BPI, which was also dishonored when he tried to cash it. The court ruled that BPI was liable to pay Roxas the amount of the cashier's check. A cashier's check is essentially a bank's own check or promissory note, making the bank primarily obligated to pay upon demand. By issuing the cashier's check, BPI had already accepted the obligation.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    Bank of the Philippine Islands v.

    Roxas
    536 SCRA 168
    October 15, 2007

    FACTS:
    Gregorio Roxas, as trader, delivered stocks of vegetable oil to Spouses Rodrigo and Marissa Cawili.
    As payment, they issued a personal check amounting to PHP348,805.50 which was dishonored by the
    drawee bank when Roxas tried to encash.
    The Spouses Cawili replaced the check with a cashier's check from Bank of the Philippine Island. The
    cashier's check was drawn against the account of Marissa Cawili. When Cawili tried to encash the
    Cashier Check, it was dishonored on the ground that the account of Marissa was closed on the same
    date that Roxas tried to encash. Roxas thereafter filed a complaint with the Regional Trial Court for a
    sum of money praying that BPI will pay him the amount of the check, damages and cost of the suit.
    It is said that BPI is liable to pay the face value of the cashier's check amounting to PHP 384,
    805.50.
    ISSUE:
    Can a cashiers check be deemed automatically accepted upon its issuance?
    RULING:
    BPI is liable to Roxas.
    It bears emphasis that the disputed check is a cashiers check. A cashiers check is really the
    banks own check and may be treated as a promissory note with the bank as the maker. The check
    becomes the primary obligation of the bank which issues it and constitutes a written promise to pay
    upon demand. The mere issuance of a cashiers check is considered acceptance thereof.
    BPI became liable to Roxas from the moment it issued the cashiers check. Having been
    accepted by Roxas, subject to no condition whatsoever, BPI should have paid the same upon
    presentment by the former.

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