This case has been cited 1 times or more.
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2001-07-06 |
BELLOSILLO, J. |
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| An analysis of Sec. 1 shows that The Bouncing Checks Law penalizes two (2) distinct acts: First, making or drawing and issuing any check to apply on account or for value, knowing at the time of issue that the drawer does not have sufficient funds in or credit with the drawee bank; and, second, having sufficient funds in or credit with the drawee bank shall fail to keep sufficient funds or to maintain a credit to cover the full amount of the check if presented within a period of ninety (90) days from the date appearing thereon, for which reason it is dishonored by the drawee bank.[15] | |||||