Now as payer, issuing a check is so much more convenient, especially for substantial transactions, as you would not have to worry about bringing cash and making sure that all your expenses are accounted and debited for, up to the last centavo.
It’s great if all transactions went smoothly without any hitch.
A person can be charged for violation of BP 22 when he commits the following acts: 1.
Making or drawing and issuing any check to apply on account or for value, knowing at the time of issue that he does not have sufficient funds in or credit with the drawee bank for the payment of such check in full upon its presentment, which check is subsequently dishonored by the drawee bank for insufficiency of funds or credit or would have been dishonored for the same reason had not the drawer, without any valid reason, ordered the bank to stop payment; 2.
Knowledge of the maker, drawer, or issuer that at the time of issue he does not have sufficient funds in or credit with the drawee bank for the payment of such check in full upon its presentment; and 3.
For more information about this topic, you may contact Atty. She also specializes in estate planning and handles judicial and extrajudicial settlement of estates.We’re pretty sure there’s a point in time that you became party to a transaction, either as payee or payer.Of course as payee, receiving cash is much preferred as you are sure that your payment was given to you in full sans any further action needed from your end.(d) By post-dating a check, or issuing a check in payment of an obligation when the offender therein were not sufficient to cover the amount of the check. 4885, approved June 17, 1967.) ELEMENTS: , no estafa is committed, only a civil liability.The failure of the drawer of the check to deposit the amount necessary to cover his check within three (3) days from receipt of notice from the bank and/or the payee or holder that said check has been dishonored for lack of insufficiency of funds shall be prima facie evidence of deceit constituting false pretense or fraudulent act. If the check was issued by the debtor only for security of the creditor, as in the nature of promissory notes but not to be encashed, no estafa will be involved.