Facts: Picornell, following instruction of Hyndman, Tavera & Ventura (HTV), bought in bales of tobacco; that Picornell obtained from the branch of the National Bank in Cebu a sum of of money to the value of the tobacco, together with his commission, drawn the following bill of exchange. The invoice and bill of lading wereContinue reading “PNB vs Picornell 46 Phil 716, 26 Sept 1922, G.R. No. L-18751”