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    Law109-090-US V Lim Buanco - B3

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    Princess Trisha Joy Uy
    Lim Buanco wrote a check for $2,000 from his bank account, which had insufficient funds and he actually owed the bank over $300,000. Luciano de los Reyes, a clerk at the bank, conspired with Lim Buanco by signing and endorsing checks regardless of available funds and falsified bank records to show credit where there was debt. Both admitted to the crime of estafa. The court found both guilty as principals because each played a necessary role in deceiving the bank - Lim Buanco received credit he was not entitled to, and Reyes falsified records to enable the deception.

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    Law109-090-US V Lim Buanco - B3

    Uploaded by

    Princess Trisha Joy Uy
    77 views1 page
    Lim Buanco wrote a check for $2,000 from his bank account, which had insufficient funds and he actually owed the bank over $300,000. Luciano de los Reyes, a clerk at the bank, conspired with Lim Buanco by signing and endorsing checks regardless of available funds and falsified bank records to show credit where there was debt. Both admitted to the crime of estafa. The court found both guilty as principals because each played a necessary role in deceiving the bank - Lim Buanco received credit he was not entitled to, and Reyes falsified records to enable the deception.

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    Law109-090-US v Lim Buanco | B3

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    Lim Buanco wrote a check for $2,000 from his bank account, which had insufficient funds and he actually owed the bank over $300,000. Luciano de los Reyes, a clerk at the bank, conspired with Lim Buanco by signing and endorsing checks regardless of available funds and falsified bank records to show credit where there was debt. Both admitted to the crime of estafa. The court found both guilty as principals because each played a necessary role in deceiving the bank - Lim Buanco received credit he was not entitled to, and Reyes falsified records to enable the deception.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    77 views1 page

    Law109-090-US V Lim Buanco - B3

    Uploaded by

    Princess Trisha Joy Uy
    Lim Buanco wrote a check for $2,000 from his bank account, which had insufficient funds and he actually owed the bank over $300,000. Luciano de los Reyes, a clerk at the bank, conspired with Lim Buanco by signing and endorsing checks regardless of available funds and falsified bank records to show credit where there was debt. Both admitted to the crime of estafa. The court found both guilty as principals because each played a necessary role in deceiving the bank - Lim Buanco received credit he was not entitled to, and Reyes falsified records to enable the deception.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    US v Lim Buanco

    No 5240 Nov. 19, 1909 Elliott, J.


    Erica Munoz Law109 B3

    Facts:
    - On Oct 6, 1906, Lino Eguia Lim Buanco prepared, drew and executed his personal check to El Banco
    Espaol-Filipino for the sum of P2000. However, his account had insufficient funds in his credit, and that he
    actually owed the bank a sum of more than P300,000.
    - Luciano de los Reyes was employed to the Banco Espaol-Filipino as a book keeper and check registry
    clerk. He conspired with Lim Buanco by signing, inspecting and endorsing the checks regardless of whether
    there was any credit funds left. Also, he fraudulently and illegally manipulated the entries on the books of the
    bank as to make the books show an apparent credit balance.
    - Lim Buanco had no permission from any officer in authority that he may overdraw his account. No part of
    the sum had been returned or paid back to the Banco Espaol-Filipino. Lim Buanco and Reyes each had
    voluntarily admitted the crime charged.

    Issue/Held:
    WON both Lim Buanco and de los Reyes are guilty as principals of the crime of estafa Yes

    Rationale:
    Each performed the part which was necessary to enable them to accomplish the criminal purpose they had in
    view. Lim Buanco possessed a credit to which he was not entitled. Reyes falsified the accounts-current of Lim
    Buanco, making him a creditor when in fact he is a debtor, and acted in collusion with him, making him guilty of
    deceit.

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