This document is a summary of a Supreme Court of the Philippines case from 2003. It describes a dispute over cashier's checks and dollar drafts between Cely Yang, Prem Chandiramani, and Fernando David. Yang had given the instruments to Chandiramani in exchange for other checks and drafts, but Chandiramani negotiated the instruments to David instead of exchanging them. The trial court ruled in favor of David, finding he was a holder in due course. The Court of Appeals affirmed with modification. The Supreme Court document summarizes the facts of the case and procedural history leading up to their review.
This document is a summary of a Supreme Court of the Philippines case from 2003. It describes a dispute over cashier's checks and dollar drafts between Cely Yang, Prem Chandiramani, and Fern…