Beruflich Dokumente
Kultur Dokumente
1. Armando, a Director of XYZ Bank, in a last ditch effort to save XYZ Bank
from its financial woes, is negotiating with its debtors for the
restructuring of their loans. Armando guaranteed that he will take care
of the paper works to expedite the process of collection. Subsequently,
XYZ Bank was placed under receivership. Believing that the collections
will save XYZ Bank, Armando pushed through with the collection of the
restructured loans. The financial condition of XYZ Bank improved. Did
Armando incur any liability?
2. Berting deposited fifteen (15) checks with ABC Bank. ABC Bank duly
noted the receipt of said fifteen (15) checks. However, the value of the
deposit only amounted to thirteen (13) checks as two (2) checks have
been lost by one of the employees of ABC Bank. Berting filed a case
wherein he was awarded, among others, exemplary damages. ABC Bank
now argues that said award of exemplary damages was improper since it
can only be imposed when the act complained of was done in a wanton,
fraudulent and oppressive manner. Rule on the contention of ABC Bank.