This case has been cited 1 times or more.
|
2012-09-24 |
BRION, J. |
||||
| In United Coconut Planters Bank v. E. Ganzon, Inc.,[98] the Court considered the BSP as an administrative agency,[99] exercising quasi-judicial functions through its Monetary Board. It held: A quasi-judicial agency or body is an organ of government other than a court and other than a legislature, which affects the rights of private parties through either adjudication or rule-making. The very definition of an administrative agency includes its being vested with quasi-judicial powers. The ever increasing variety of powers and functions given to administrative agencies recognizes the need for the active intervention of administrative agencies in matters calling for technical knowledge and speed in countless controversies which cannot possibly be handled by regular courts. A "quasi-judicial function" is a term which applies to the action, discretion, etc., of public administrative officers or bodies, who are required to investigate facts, or ascertain the existence of facts, hold hearings, and draw conclusions from them, as a basis for their official action and to exercise discretion of a judicial nature. | |||||