This case has been cited 1 times or more.
|
2001-01-19 |
PARDO, J. |
||||
| Actually, the check in question was not issued without sufficient funds and was not dishonored due to insufficiency of funds.[9] What was stamped on the check in question was "Payment Stopped-Funded" at the same time "DAUD" meaning drawn against uncollected deposits. Even with uncollected deposits, the bank may honor the check at its discretion in favor of favored clients, in which case there would be no violation of B.P. 22.[10] | |||||