Question
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
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?
Step by Step Solution
3.34 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
BP 22 or the Bouncing Checks Law penalizes the issuance of a check as a mode of payment which is sub...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App