Question
What is the penalty for violation of BP 22 or Bouncing Checks Law? a . Imprisonment of not less than 30 days but not more
What is the penalty for violation of BP 22 or Bouncing Checks Law?
a. Imprisonment of not less than 30 days but not more than (1) year or Fine of not less than but not more than double the amount of the check which fine shall in no case exceed Two Hundred Thousand Pesos or both imprisonment and fine
b. Imprisonment of not less than 60 days but not more than (2) years or Fine of not less than but not more than double the amount of the check which fine shall in no case exceed Three Hundred Thousand Pesos or both imprisonment and fine
c. Imprisonment of not less than 90 days but not more than (3) years or Fine of not less than but not more than double the amount of the check which fine shall in no case exceed Four Hundred Thousand Pesos or both imprisonment and fine
d. Imprisonment of not less than 120 days but not more than (4) years or Fine of not less than but not more than double the amount of the check which fine shall in no case exceed Five Hundred Thousand Pesos or both imprisonment and fine
please have an explanation for the correct answer
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