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Batas Pambasa 22 Review MCQs by Nicky Chris is a document available to read on EtoBox.

What is Batas Pambasa 22 Review MCQs about?

Batas Pambansa Blg. 22 is a Philippine law that penalizes issuing checks without sufficient funds. It imposes fines, imprisonment, or both for making or drawing checks with insufficient funds. Presenting a check for payment within 90 days of its date that is returned unpaid is considered prima facie evidence of knowledge of insufficient funds. The law also requires the drawee/bank to write the reason for dishonoring or refusing to pay a check on the check itself when it is returned unpaid.

Author

Nicky Chris

Language

EN