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    Bouncing Checks Portfolio Requirement

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    RyD
    This document provides instructions for an assignment on bouncing checks for an accountancy department. Students must answer 7 questions in a handwritten response on long bond paper by January 31st at 5:30 PM, with no late submissions accepted. The questions cover topics like the definition of a check, the requisites to be liable under BP 22, explaining checks with insufficient funds, evidence of knowledge of insufficient funds, what a drawee should do if a check bounces, defining credit construed, defining estafa under the Revised Penal Code, and comparing and contrasting BP 22 and estafa under the Revised Penal Code.

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    Bouncing Checks Portfolio Requirement

    Uploaded by

    RyD
    3 views1 page
    This document provides instructions for an assignment on bouncing checks for an accountancy department. Students must answer 7 questions in a handwritten response on long bond paper by January 31st at 5:30 PM, with no late submissions accepted. The questions cover topics like the definition of a check, the requisites to be liable under BP 22, explaining checks with insufficient funds, evidence of knowledge of insufficient funds, what a drawee should do if a check bounces, defining credit construed, defining estafa under the Revised Penal Code, and comparing and contrasting BP 22 and estafa under the Revised Penal Code.

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    This document provides instructions for an assignment on bouncing checks for an accountancy department. Students must answer 7 questions in a handwritten response on long bond paper by January 31st at 5:30 PM, with no late submissions accepted. The questions cover topics like the definition of a check, the requisites to be liable under BP 22, explaining checks with insufficient funds, evidence of knowledge of insufficient funds, what a drawee should do if a check bounces, defining credit construed, defining estafa under the Revised Penal Code, and comparing and contrasting BP 22 and estafa under the Revised Penal Code.

    Copyright:

    © All Rights Reserved
    Flag for inappropriate content
    3 views1 page

    Bouncing Checks Portfolio Requirement

    Uploaded by

    RyD
    This document provides instructions for an assignment on bouncing checks for an accountancy department. Students must answer 7 questions in a handwritten response on long bond paper by January 31st at 5:30 PM, with no late submissions accepted. The questions cover topics like the definition of a check, the requisites to be liable under BP 22, explaining checks with insufficient funds, evidence of knowledge of insufficient funds, what a drawee should do if a check bounces, defining credit construed, defining estafa under the Revised Penal Code, and comparing and contrasting BP 22 and estafa under the Revised Penal Code.

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    © All Rights Reserved
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    ACCOUNTANCY DEPARTMENT

    -----------------------------------------------------------------------------------------------------------------------------------

    Bouncing Checks (BP 22)

    Deadline: January 31, 2023 at 5:30 PM


    Late submissions will not be given any merit.

    Instructions:
    a. Print a copy of this page in a long bond paper.
    b. In a separate long bond paper, write (handwritten) your answers to the questions provided.
    c. Answer in a brief and concise manner.

    1. What is a check? 2.5 pts.


    2. What are the requisites to be liable under BP 22? 5 pts.
    3. Explain checks without sufficient funds. 5 pts.
    4. When is there evidence of knowledge of insufficient funds? 5 pts.
    5. What should the drawee do once the check bounces? 5 pts.
    6. What is credit construed? 2.5 pts.
    7. What is estafa under Art.315 (2)(d) of the Revised Penal Code? 5 pts
    8. Compare and contrast BP 22 and estafa under Art.315 (2)(d) of the Revised Penal Code. 10 pts

    Portfolio 04 Bouncing Checks

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