DISHONORED

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                    [ArticleID] => 381336
                    [Title] => BP 22 defanged?
                    [Summary] => 



Batas Pambansa Blg. 22, otherwise known as the Bouncing Checks Law (BP 22), is the law that punishes the making or the drawing of a check to apply on account or for value when the maker or drawer knew at the time of issue that the account against which the check was drawn had no sufficient funds in, or enough credit with, the drawee bank for the payment of such check or when the maker or drawer of the check issues a stop payment order on such a check without any valid reason. In both cases, the check is dishonored by reason of insufficient funds.
                    [DatePublished] => 2007-01-23 00:00:00
                    [ColumnID] => 135291
                    [Focus] => 0
                    [AuthorID] => 1657043
                    [AuthorName] => POINT OF LAW  By Atty. John Philip C. Siao
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 318182
                    [Title] => Premature notice
                    [Summary] => One of the essential elements of the violation of the Bouncing Checks Law is knowledge of insufficiency of funds at the time of the issuance of the check. Since such knowledge is hard to prove as it entails probing into the mind of the issuer, the law creates a prima facie evidence that when the check is presented within 90 days from its date and it is dishonored, the drawer is presumed to have knowledge of insufficiency of funds if he is notified of such dishonor and he did not redeem or make good the check within five days from notice.
                    [DatePublished] => 2006-01-24 00:00:00
                    [ColumnID] => 133340
                    [Focus] => 0
                    [AuthorID] => 1804883
                    [AuthorName] => Jose C. Sison
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
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abtest

BP 22 defanged?

By POINT OF LAW By Atty. John Philip C. Siao | January 23, 2007 - 12:00am

Batas Pambansa Blg. 22, otherwise known as the Bouncing Checks Law (BP 22), is the law that punishes the making or the drawing of a check to apply on account or for value when the maker or drawer knew at...

Business

Premature notice

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | January 24, 2006 - 12:00am

One of the essential elements of the violation of the Bouncing Checks Law is knowledge of insufficiency of funds at the time of the issuance of the check. Since such knowledge is hard to prove as it entails probing...

Opinion