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    Bank Liable to pay Exemplary Damages, for Failure to Record Deposit.   Furthermore, we sustain the award
    of exemplary damages. Such damages are imposed by way of example or correction for the public good,
    in addition to the moral, temperate, liquidated or compensatory damages. The business of a bank is
    affected with public interest; thus, it makes a sworn profession of diligence and meticulousness in giving
    irreproachable service. For this reason, the bank should guard against injury attributable to negligence or
    bad faith on its part. The banking sector must at all times maintain a high level of meticulousness. In view
    of the bank's negligence to record the deposit, the grant of exemplary damages is thus justified.
    (PRUDENTIAL BANK vs. LIM, G.R. No. 136371, November 11, 2005)

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  EO 52, PD 46, PD 1602, PD 1613, RA 7796, RA 7844, RA 7975, RA 8369, RA 8533, RA 8552, RA 8559, RA 8560, RA 8791, RA 9225, RA 9255,
  AO 01, s. 2002 (PHILCOA), RA 8048

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