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Lack of due process usually means that a person has been deprived of his right to be heard. But in this case of Manolo the court ruled that there was no denial of due process even if he was not afforded the opportunity to be heard.
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                    [Title] => Problema sa inisyung tseke
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SI Carlos ay negosyante at may checking account sa bankong MBTC. Minsan, nag-isyu si Carlos ng isang check payable to cash at postdated sa halagang P1,000. Ang nasabing tseke ay pambayad niya sa komisyon ni Mr. Manuel. Sa pag-isyu ng tseke, nilagyan ni Carlos ng apat na asterisks ang espasyo bago at pagkatapos ng salitang "Cash" at apat pang asterisks bago at pagkatapos ng halaga sa numero nito para na rin maiwasan na mabago ang naitakda niyang halaga ng tseke.
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When a check is materially altered without the assent of all parties liable thereon, it is avoided except as against a party who has himself made authorized and assented to the alteration and subsequent endorsers (Section 124, Negotiable Instruments Law). This is the rule applied in this case of Carlos.


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A top Monetary Board official told reporters that the board wants to know the particulars of the transaction for disclosure purposes. According to the official, the BSP has asked MBTC to submit a copy of the memorandum of agreement it signed with Lehman Bros.


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A top Monetary Board official told reporters that the board wants to know the particulars of the transaction for disclosure purposes. According to the official, the BSP has asked MBTC to submit a copy of the memorandum of agreement it signed with Lehman Bros.


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abtest

Metrobank announces Notice of Annual Stockholders’ Meeting

May 7, 2020 - 12:00am

The Annual Stockholders’ Meeting of Metropolitan Bank & Trust Co. will conduct virtually on May 28.

Business

Non-litigious

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | June 11, 2009 - 12:00am

Lack of due process usually means that a person has been deprived of his right to be heard. But in this case of Manolo the court ruled that there was no denial of due process even if he was not afforded the opportunity...

Opinion

Probable cause

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | May 13, 2009 - 12:00am

“Probable cause” is one phrase that the Ombudsman seems to misunderstand or refuses to understand up to now especially with regards to the fertilizer fund scam.

Opinion

‘Fishing expedition’

By Jose C. Sison | July 29, 2008 - 12:00am

PSN Opinyon

Fishing expedition

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | July 9, 2008 - 12:00am

Opinion

Isang panig lang

By Jose C. Sison | March 15, 2008 - 12:00am

PSN Opinyon

One sided

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | January 31, 2008 - 12:00am

Opinion

Problema sa inisyung tseke

By Jose C. Sison | February 15, 2007 - 12:00am

SI Carlos ay negosyante at may checking account sa bankong MBTC. Minsan, nag-isyu si Carlos ng isang check payable to cash at postdated sa halagang P1,000. Ang nasabing tseke ay pambayad niya sa komisyon...

PSN Opinyon

Highest degree of diligence

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | February 13, 2007 - 12:00am

When a check is materially altered without the assent of all parties liable thereon, it is avoided except as against a party who has himself made authorized and assented to the alteration and subsequent...

Opinion

Metrobank, Lehman Bros. form AMC

By Des Ferriols | May 17, 2002 - 12:00am

Metropolitan Bank and Trust Co. (MBTC) has taken P15 billion out of its non-performing loans in a deal with the US investment bank Lehman Brothers. The Bangko Sentral ng Pilipinas (BSP) has directed the bank to discuss...

Business