Asta issued a check to Noelle worth P 1,000,000 for the payment of purchased milk tea...
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Asta issued a check to Noelle worth P 1,000,000 for the payment of purchased milk tea supplies. After a month, Noelle presented the check to drawee bank EFG Bank but the same was dishonored since Asta had no existing fund in his account. What steps should Noelle undertake in order to charge Asta under BP 22? Asta issued a check to Noelle worth P 1,000,000 for the payment of purchased milk tea supplies. After a month, Noelle presented the check to drawee bank EFG Bank but the same was dishonored since Asta had no existing fund in his account. What steps should Noelle undertake in order to charge Asta under BP 22?
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BP 22 or the Bouncing Checks Law penalizes the issuance of a check as a mode of payment which is sub... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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