1. Issuing a check knowing there are insufficient funds to cover it is punishable under BP 22 or the Bouncing Checks Law.
2. Criminal intent is not required to violate BP 22 - only knowledge of insufficient funds when issuing the check is needed.
3. To avoid criminal liability, the drawer of a check must keep sufficient funds for 90 days to cover the check if presented. Failure to do so violates BP 22.
1. Issuing a check knowing there are insufficient funds to cover it is punishable under BP 22 or the Bouncing Checks Law.
2. Criminal intent is not required to violate BP 22 - only knowledge of insufficient funds when issuing the check is needed.
3. To avoid criminal liability, the drawer of a check must keep sufficient funds for 90 days to cover the check if presented. Failure to do so violates BP 22.
1. Issuing a check knowing there are insufficient funds to cover it is punishable under BP 22 or the Bouncing Checks Law.
2. Criminal intent is not required to violate BP 22 - only knowledge of insufficient funds when issuing the check is needed.
3. To avoid criminal liability, the drawer of a check must keep sufficient funds for 90 days to cover the check if presented. Failure to do so violates BP 22.
1. Issuing a check knowing there are insufficient funds to cover it is punishable under BP 22 or the Bouncing Checks Law.
2. Criminal intent is not required to violate BP 22 - only knowledge of insufficient funds when issuing the check is needed.
3. To avoid criminal liability, the drawer of a check must keep sufficient funds for 90 days to cover the check if presented. Failure to do so violates BP 22.
under BP 22 also known as Bouncing drawer of a check to destroy prima facie Checks Law? presumption of knowledge of insufficiency of a. Any person who (a) makes or draws and funds or credit as established by the issues any check to apply on account or preceding number? for value, (b) knowing at the time of issue The maker or drawer pays the holder that he does not have sufficient funds in thereof the amount due thereon, or or credit with the drawee bank for the makes arrangements for payment in payment of such check in full upon its full by the drawee of such check presentment, (c) which check is within (5) banking days after receiving subsequently dishonored by the drawee notice that such check has not been bank for insufficiency of funds or credit or paid by the drawee. would have been dishonored for the 7. Which of the following is not a duty of a same reason had not that drawer, drawee bank under BP 22? without any valid reason, ordered the The drawee bank report the act of bank to stop payment. issuance of worthless check to AMLC b. Any person who, having sufficient funds even if the amount does not exceed in or credit with the drawee bank when the quantitative threshold to be he makes or draws and issues a check, considered covered transaction. shall fail to keep sufficient funds or to 8. The introduction in evidence of any unpaid maintain a credit to cover the full amount and dishonored check. Having the drawee’s of the check if presented within a period refusal to pay stamped or written thereon or of ninety (90) days from the date attached thereto, with the reason therefor as appearing thereon, for which it is aforesaid, shall be prima facie evidence of dishonored by the drawee bank. the following elements of crime of issuance c. Either A or B of worthless check, except d. Both A and B The knowledge of the maker or drawer 2. Which of the following is not an element of of the insufficiency of fund or credit of violation of BP 22 for issuance of worthless the check he issued. check sufficient fund (NSF) check? 9. Under BP 22, it shall be construed as an There must be criminal intent to arrangement or understanding with the bank defraud on the part of the drawer of for the payment of such check. the check. Credit. 3. What is the legal obligation on the part of the 10. What is the quantum of evidence required to drawer of a funded check in order to exempt sue or file a criminal case for criminal himself from criminal liability for bouncing offense involving violation of BP 22 for check? issuance of worthless checks? He must keep sufficient fund or Probable cause or prima facie maintain credit to cover the full evidence. amount of the check within a period of 11. What is the quantum of evidence required for 90 days from the maturity date of the conviction of criminal offense involving check. violation of BP 22 for issuance of worthless 4. What is the penalty for violation of BP 22 or checks? Bouncing Checks Law? Proof beyond reasonable doubt. Imprisonment of not less than 30 days 12. What is the quantum of evidence required for but not more than (1) years or fine of awarding of civil damages for issuance of not less than but not more than worthless checks? double the amount of the check which Preponderance of evidence. fine shall in no case exceed Two Hundred Thousand Pesos or both imprisonment and fine. 5. What is the prima facie evidence of the knowledge of insufficiency of funds or credit by the maker or drawer of a check? The making, drawing and issuance of a check payment of which is refused by the drawee because of insufficient funds in or credit with such bank, when presented within (90) days from the date of the check.