Serrano vs. Central Bank Digest

Facts Serrano made a time deposit with Overseas Bank of Manila (OBM) including one that was assigned to him by another person without knowing that the Central Bank (CB) already has limited the bank’s activities because of reserve deficiencies. OBM then used Serrano’s deposit among others as collateral for emergency loans and as fulfillment for […]

Chan vs. Maceda Digest

G.R. 142291 Lesson: If the facts are bereft of any record of the existence of a contract of deposit, oral or written, there is no obligation for the depositary to return the thing to the depositor. Facts In July 1976, respondent hotel owner Bonifacio Maceda obtained a P7.3 million loan from DBP for the construction […]