Practice question
A company ignores monthly bank statements for an extended period, allowing a secretary’s deposit diversions to multiply. The bank’s lack of care remains the proximate cause under facts matching Philippine Bank of Commerce. How is the company’s omission treated?
- As legally irrelevant despite causal contribution
- As automatic immunity for the bank
- As a crime conclusively proved
- As contributory negligence mitigating recovery
- As proof that no deposit was made
Legal references
- Civil Code, Articles 1735, 1755-1756, 2176, 2179, 2184-2185 and 2214: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- Philippine Bank of Commerce v. Court of Appeals, G.R. No. 97626, March 14, 1997, MAIN decision: https://lawphil.net/judjuris/juri1997/mar1997/gr_97626_1997.html
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