Anti Bouncing Checks Law

Question 1

Anti Bouncing Checks Law
Under BP___

Answer 1

Blg. 22

Question 2

Knowledge of the maker/drawer:

When the check presented within _____ days from the date of check, shall be _____ evidence of knowledge of such insufficiency of funds or credit

Answer 2

90; prima facie

Question 3

BP22 Anti Bouncing ChecksLaw
Valid defense-payment; requirement of notice:

The maker or drawer will npt be liable if he PAYS THE HOLDER thereof the amount due thereon, or makes arrangements for payment in full by the drawee of such check within____ banking days aftwr receiving notice that such check has not been paid by the drawee

Answer 3

5 days

Question 4

Duty of the Drawee:

Answer 4

To prepapre written, printed or stamped in plain language thereon or attached thereto the reason for drawee’s dishonor or refusal to pay the same

Question 5

BP 22 Penalties

Imprisonment- not less than___ days but not more than___ year

Fine-not less than bu not more than ____of the check, which fine shall not exceed the amount of___

Answer 5

30; 1

Double the amount; 200k

Question 6

BP22 Precriptive period:

Answer 6

Four years from the commission of the offense

Question 7

4 Difference of Bouncing Check with Estafa by postdating or issuing a worthless check

Answer 7

1. Good faith is a defense in Estafa while not in BP22
2. Payment of a pre-existing obligation. No Staffa in this case while in BC still liable
3. Estafa may be committed by merely issuing a Worthless Check unlike in BP22 which requires that the accused BOTH drew and issued check. Ex. A Drew, issue to B, B issue to C. B can be liable for estafa
4. Period to Make Good the Check:
   Estafa- 3days
   BC or BP22- 5banking days