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Ang Tiong v. Ting [G.R. No. L-26767. February 22, 1968]

30 Jul

FACTS

Defendant Ting issued a check payable to “cash or bearer”. appellant Ang indorsed the check to plaintiff-appellee Ang Tiong. The check was dishonored.

 

ISSUE

Whether or not appellant Ang may be considered as a general indorser.

 

RULING

 

YES. Nothing in the check in question indicates that the appellant is not a general indorser within the purview of section 63 of the Negotiable Instruments Law which makes “a person placing his signature upon an instrument otherwise than as maker, drawer or acceptor” a general indorser, — “unless he clearly indicates plaintiff appropriate words his intention to be bound in some other capacity,” which he did not do.

 

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