PHILIPPINE EDUCATION CO., INC., VS. SORIANO ET.AL
PHILIPPINE EDUCATION CO., INC., VS. SORIANO ET.AL Negotiable Instruments: Money Orders are not Negotiable Instruments 39 SCRA 587. JUNE 30, 1971 Dizon., This is an appeal from a decision of the Court of First Instance of Manila dismissing the Complaint filed by the Philippine Education against the defendants. FACTS: Enrique Montinola sought to purchase from the Manila, Post Office ten (10) money orders of P200.00 each payable to E.P Montinola. After the teller had made out the money orders, Montinola offered to pay for them with private check. As private checks were not generally accepted in payment of money orders, the teller advised him to see the Chief of the money order division, but instead of doing so, Montinola managed to leave the building with his own check and the ten money orders without the knowledge of the teller. On the same date (April 18, 1958), upon discovery of the disappearance of the unpaid money orders, a notice was serve...