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* SECOND DIVISION.
800
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801
REGALADO, J.:
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802
x x x
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4. You hold CITYTRUST free and harmless for any and all
omissions or oversight in executing this automatic transfer
3
of funds; x x x
x x x
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803
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804
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805
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806
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25 Goldstein vs. Jefferson Title and Trust Co., 95 Pa. Super Ct., 167.
26 O.E. Eads vs. Commercial National Bank of Phoenix, 62 Am. Law
Reports, 183.
807
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808
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809
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810
A Yes, sir.
Q And naturally you will place there “drawn against
insufficient funds, December 14, 1983”?
A Yes, sir.
Q Are you sure about that?
30
A Yes, sir. x x x (tsn, September 9, 1988, p. 14).
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30 Rollo, 17.
31 Supra., Fn. 23.
811
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812
evidence for the bank 33of the payment of such amount when
the check is taken up.
On the other hand, assuming arguendo that Savings
Account No. 1037002387, which is not covered by a pre-
arranged automatic transfer agreement, had enough
amount deposited to cover both checks (which is not so in
this case), the bank still had no obligation to honor said
checks as there was then no authority given to it to make
the transfer of funds. Where a depositor has two accounts
with a bank, an open account and a savings account, and
draws a check upon the open account for more money than
the account contains, the bank may rightfully refuse to pay
the check, and is under no 34
duty to make up the deficiency
from the savings account.
We agree with respondent Court of Appeals in its
assessment and interpretation of the nature of the letter of
Citytrust to Petrophil, dated December 16, 1983. As aptly
and correctly stated by said court, “x x x the letter is not an
admission of liability as it was written merely to maintain
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813
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814
——o0o——
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38 Fidelity Savings and Mortgage Bank vs. Cenzon, G.R. No. L-46208,
April 5, 1990, 184 SCRA 141.
815
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