G.R. No. 129910. September 5, 2006.

Ponente: CARPIO, J.

FACTS:

The Ministry of Education and Culture issued 15 checks drawn against PNB which International Corporate Bank accepted for deposit on various dates.

After 24 hours from submission of the checks to PNB for clearing, petitioner paid the value of the checks and allowed the withdrawals of the deposits.

However, PNB returned all the checks to the petitioner on the ground that they were materially altered.

[G.R. No. 154469. December 6, 2006.]

FACTS:

Cabilzo a client of Metrobank, issued a Metrobank Check payable to “CASH” and postdated on 24 November 1994 in the amount of  P1,000.00. The check was drawn against Cabilzo’s Account with Metrobank under Current Account  and was paid by Cabilzo to a certain Mr. Marquez, as his sales commission.