This case has been cited 2 times or more.
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2004-01-15 |
CARPIO, J. |
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| The BANK's dismal failure to account for Marcos' money justifies the award of moral[58] and exemplary damages.[59] Certainly, the BANK, as employer, is liable for the negligence or the misdeed of its branch manager which caused Marcos mental anguish and serious anxiety.[60] Moral damages of P100,000 is reasonable and is in accord with our rulings in similar cases involving banks' negligence with regard to the accounts of their depositors.[61] | |||||
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2000-03-16 |
QUISUMBING, J. |
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| In the recent case of Philippine National Bank vs. Court of Appeals,[8] we held that "a bank is under obligation to treat the accounts of its depositors with meticulous care whether such account consists only of a few hundred pesos or of millions of pesos. Responsibility arising from negligence in the performance of every kind of obligation is demandable. While petitioner's negligence in this case may not have been attended with malice and bad faith, nevertheless, it caused serious anxiety, embarrassment and humiliation". Hence we ruled that the offended party in said case was entitled to recover reasonable moral damages. | |||||