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Acquittal in Bouncing Checks Case by Daryl Yu is a document available to read on EtoBox.

What is Acquittal in Bouncing Checks Case about?

Magno was charged with violating the Bouncing Checks Law for issuing checks to LS Finance that bounced due to insufficient funds. The Court of Appeals found Magno guilty. However, the Supreme Court reversed this decision and acquitted Magno. The Supreme Court ruled that Magno did not violate the law because he never received the "warranty deposit" that the checks were supposedly paying, as the money remained with LS Finance. Additionally, Magno was upfront that he lacked the funds for the deposit and sought

Author

Daryl Yu

Language

EN