PNB v CA; G.R. No. 107508; 25 Apr 1996; 256 SCRA 491
FACTS: The Ministry of Education issued a check drawn against petitioner bank. The payee deposited the questioned check in its savings account with Capitol City Development Bank (Capitol) which in turn deposited the same in its account with respondent bank. After petitioner cleared the check, respondent bank credited Capitol for the amount. However, petitioner returned the check to PBCom and debited the latter’s account for the amount covered by the check because the check number was materially altered. ISSUE(S): Whether or not the alteration of the check number was material to its negotiability. HELD: What was altered is the serial…