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A-04

Naguiat vs Court of Appeals (2003)

1934

Perfection of a contract of loan Issuance of a check

Naguiat loaned money (P200k) to Queo through a check Q never received the proceeds, check was retained by Reubenfeldt, Ns agent

WON there was a perfected contract

NO If the checks have produced the effect of payment that the contract of loan may be deemed perfected.

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