CHECKS Drawers and Drawers and endorsers

endorsers are may still be liable

- A check is a bill of exchange drawn on a discharged from
bank payable on demand. liability
- Must be presented for payment within a The death of the Death of drawer does not
reasonable time after its issuance. drawer revokes the revoke the authority of
authority of the bank bank to pay
Effects of certification of checks to pay
- Certification of check = acceptance of
check. Different Kinds of Check
- Operate as an assignment of the funds
of the drawer in the hands of the drawee 1. Personal Check
bank. - comes from a personal checking
account.
Bill of exchange - Most common kind of check
- Does not operate as an assignment of 2. Memorandum Check
funds in the hands of the drawee and - Borrower to a lender for a short
the latter is not liable unless he accepts loan
the same. - “memo” “mem” and
- May be addressed to two or more “memorandum” across its face
drawees (JOINTLY – not alternative or 3. Cashier’s Check
in succession) “and” not “or” - Drawn by the cashier of a bank
- Inland bill of exchange – both drawn and in the name of the bank against
payable in the Philippines. the bank itself.
- May be treated as a promissory note - Drawer = cashier
when: - Drawee = bank
4. Managers Check
 Drawer and drawee are the same
- Drawn by the manager of a
person.
bank in the name of the bank
 Drawee is a fictitious person.
against the bank itself.
 Drawee is incapacitated to contract.
5. Traveler’s Check
Checks vs Bill of Exchange - Used by a traveler to supply him
with funds instead of cash.
Checks Bill of Exchange - The signature of the holder must
Always drawn on a May be drawn on a bank appear twice (1) the time of
bank or an individual issuance (2) the present time.
Always payable on Either on demand or at a - Obsolete already due to credit
demand determinable/ fixed future card
time 6. Certified Check
Does not really have There are instances - Bears the word “certified” on its
to be presented for where presentment is
face to certify that it is
acceptance required for acceptance
recognized and certified by the
Intended for Only intended for
immediate payment circulation as an bank.
instrument of credit - Effect if certified = there is
Accepted for A reasonable time is the already an assignment of funds.
payment within a date of the last 7. Crossed Check
reasonable time negotiation - Bears 2 parallel lines on the
Once accepted: the Once accepted: drawer upper left portion of its face.
drawer is discharged will be totally discharged - Only for DEPOSIT.
to the extent of the - Can only be deposited to the
loss caused by the payee’s account (to avoid
delay forgery)
 - Not for immediate encashment. -Payee = Who’s favor the check was issued/
8. Stale Check Who has the right to encash the check
- Also known as long outstanding.
- Non-encashment for 6 months -Pay to cash = payable to bearer/ who has the
physical check
Kinds of Bill of Exchange
-Pay to specific person = only who’s name to
1. Slight draft receive is on the check
- Written order on the drawee to
pay. R.A 4885. ESTAFA
2. Time draft - Mala in Se, an act is inherently wrong.
- Payable on a certain date after
its acceptance. - Mens Rea “criminal mind” or “criminal
3. Trade acceptance intent”.
- Drawn by the seller on the buyer
- Is a criminal offense that involve deceit,
and the latter accepted it.
4. Inland bill fraud, or misinterpretation resulting in
- Both drawn and payable in the financial harm or damage to another
same country.
5. Foreign bill person or entity.
- Drawn in one country and - It can be by abuse of confidence or
payable in another.
deceit
6. Bill in set
- Bill is drawn in a set, each part - It refers to the act of defrauding another
of the set being numbered and person or entity by intentionally
containing a reference to the
deceiving them through false pretenses,
other parts. The whole parts
constitute one bill. fraudulent acts, or other similar

Kinds of Instrument schemes.

- Fraudulent act was performed prior to or
1. Order instrument
- Indorsement + Delivery simultaneously with the fraud.
- “Paid to the order of Mr. X” - Time of transaction (issuance after 10
2. Bearer instrument
- Delivery days of the pre-existing obligation is not
- “Paid to the order of counted as ESTAFA)
Cash/Bearer”
Elements for violation in ESTAFA
NOTES:

-Bank has a right to select those with whom it
will do business and its refusal to accept an
account is not open to question.
-One cannot compel the bank to pay the check
and no one can file a case against the bank if
the -Dishonorment of check is because of IF.
-The Endorser must always warrant that the
check is genuine.
-Drawer = Depositor
-Drawee = Bank
- Issuing a Postdated check at the time of
the transaction
- Insufficient Funds
- Damage to the payee thereof
Notice of Dishonor
- 3 days upon arrival of notice, the latter
shall provide funds to it. Not doing so
shall give effect to the “presumption of
deceit.”
 - Non settlement (after 3 days) of the
check after it was dishonor, the law
presumes that it is a “prima facie
evidence of deceit constituting
fraudulent act.”
BP22. BOUNCING CHECK LAW
- Mala Prohibita, wrong because the law
prohibits doing it.
- An act penalizing the making or drawing
and issuance of a check
sufficient funds or credit or for any other
purpose.
- Check issued for Value or Account
- Issued for Value, there is no pre-existing
obligation.
- Issued for Account. There is an existing
obligation [w/funds, w/o sufficient funds,
W/ Insufficient Funds]
- The mere issuance of worthless check
constitutes BP 22
- The mere fact you do it, regardless of
the state of mind, it is punishable.
Elements for violation of BP 22
- Making, drawing, and issuance of a
check to apply for an account or any
value.
- Knowledge of the act
- Subsequent dishonor
Notice of Dishonor
- 5 Banking days
- Presumption of knowledge
- Absolute defense after the payment of
bouncing checks
Penalties
- Per issuance of bouncing checks
- Imprisonment for more than 1 year but
less than 30 years
- Fine for double the amount but
maximum of 200,000
R.A 3765. TRUTH IN LENDING ACT
- To protect the public from lack of awareness of
the true cost of credit by requiring from the
creditor the disclosure of full information incident
to a credit transaction
without Disclosure Requirement
1. The cash prize or delivered price of the
property or service to be acquired
2. The amounts, if any, to be credited as
down payment and/or trade in
3. The difference between the amounts set
forth
4. The charges, individually itemized,
which are paid or to be paid by such
person in connection with the
transaction but which are not incident to
the extension of credit
5. The total amount to be financed
6. The finance charge (atty. Fees,
collection fees.) expressed in terms of
pesos and centavos
7. The percentage that the finance bears to
total amount to be financed expressed
as a simple annual rate on the
outstanding unpaid balance of the
obligation
Who are the lenders required to disclose?
- Banks and other financial institutions
- Any person in the business of extending
loans, or selling or renting property or
services on a time, credit, or installment
basis, either as principal or grant.
What are the effect if the creditor fails to
disclose?
- The credit transaction remains valid
and enforceable, but the debtor are
afforded for ff. remedies:
a. File a civil case for damages in the
amount of Php100 or of twice the
finance charged, whichever is
 greater, but not to exceed P2,000.
Must be brought within 1 year from
the date of occurrence, in any court
of competent jurisdiction
b. If non-disclosure is willful, file a
criminal case. Penalty is fine not
less than P1,000 or more than
P5,000 or imprisonment for not less
than 6 months, nor more than 1
year. Or both
c. The lender will have no right to
collect such charge or increase
thereof, even if stipulated in the
promissory note
R.A 9160. ANTI-MONEY LAUNDERING ACT
- To protect and preserve the integrity and
confidentiality of bank accounts and to ensure
that the Philippines shall not be used as a
money laundering site for the proceeds of any
unlawful activity
Money Laundering
- Activities intended to disguise the origins
of the proceeds of the crime through
processes that transform illegal inputs
into apparently legitimate sources.
- Committed by any person who,
knowing that any monetary instrument
or property represents, involves, or
relates to the proceeds of any unlawful
activity. (PUTA-CA)
1. Transacts said monetary instrument
or property
2. Converts, transfers, disposes of,
moves, acquires, possesses, or
Uses said monetary instrument or
property
3. Conceals or disguises the true
nature, source, location, disposition,
movement or ownership of or rights
with respect to said monetary
instrument or property
4. Attempts or conspires to commit
money laundering offences
5. Aids, abets, assists in or counsels
the admission of the money
laundering offences referred to in
paragraphs a, b, or c, and;
6. Performs or fails to perform any act
as a result of which he facilitates the
offense of money laundering
referred to in paragraphs a, b, or c
Money laundering is also committed by any
covered person who, knowing that a covered or
suspicious transaction is required under this act
to be reported to the Anti-Money Laundering
Council, fails to do so.
Money Instrument
- Coins or currency of legal tender in the
PH, or of any other country
- Drafts, checks, and notes;
- Securities or negotiable instruments,
bonds, commercial papers, deposit
certificates, trust certificates, custodial
receipts or deposit substitute
instruments, trading orders, transactions
tickets and confirmations of sale or
investments and money market
instruments.
Covered Persons
- Report to the AMLC all covered and
suspicious transactions within 5
working days from occurrence thereof
- Exception: Lawyers and Accountants
acting as independent legal
professionals (professional secrecy)
who happened you acquire a suspicious
information from that client of yours.
Safe Harbor Provisions
- No administrative, criminal or civil
proceedings, shall lie against any
person for having made a covered or
suspicious transaction report in the
regular performance of his duties in
good faith, whether or not such
reporting results in any criminal
prosecution under this act.
Covered Transactions
- Transaction, in cash or other equivalent
monetary instrument, involving a total
amount in excess of P500,000
(threshold amount) within one banking
days. Casinos (in excess of
P5,000,000)
Suspicious Transactions
 - A transaction with a covered institution,
regardless of the amount involved where
any of the following circumstances
exists (SUSU-DIC)
1. No Underlying legal or trade obligation,
purpose, or economic justification
2. Client is not properly Identified
3. Amount involved not Commensurate
with clients business or financial
capacity
4. Transaction Structured in order to avoid
being subject of reportorial requirements
5. Transactions which Deviates from
clients profile and/or clients past
transactions with covered institutions
6. Transactions related to Unlawful
activities, including those committed or
about to be committed
7. Similar or analogous transactions
Preventive Measures and Obligations of
Covered Persons
Customer Identification
- Covered institutions shall establish and
record the true identity of its clients
based on official documents. They shall
maintain a system of verifying the true
identity of their clients.
- For trustees, nominee and agency
accounts: Verify and record the true
and full identity of the person on whose
behalf a transaction is being conducted
Record Keeping
- All records of all transaction of covered
institutions shall be maintained and
safely stored for five (5) years from the
dates of transactions. Said records and
files shall contain the full and true
identity of the owners or holders of the
accounts involved in the covered
transactions and all other customer
identification documents
- If closed account-at least five (5) years
from the dates when they were closed
- If a money laundering case was filed-file
must be retained until it is confirmed that
the case has been finally resolved or
terminated by the court
Prohibition Against Certain Account
- Covered institutions shall maintain
accounts only in the true and full name
of the account owner or holder.
- Accounts shall be opened and created
face-to-face but due to pandemic, online
is adopted
- Peso and foreign currency non-checking
numbered accounts shall be allowed.
Provided, that the true identity of the
customers are satisfactorily
established based on official and other
reliable documents and records, and
that the information and documents
required under the provisions of these
rules are obtained and recorded by the
covered institutions
Minimum information/documents required
for corporate and juridical entities:
1. Articles of Incorporation/Partnership
2. By laws;
3. Official address or principal business
address
4. List of directors/partners
5. List of principal stockholders owning at
least 2% of the capital stock
6. Contact numbers
7. Beneficial owners, if any; and
8. Verification of the authority and
identification of the person purporting to
act on behalf of the client
AMLC is composed of:
1. Bangko Sentral ng Pilipinas (Governor)
2. Insurance Commission (Chairman); and
3. Securities and Exchange Commission
(Chairman)
AMLC Powers
Inquire into deposits or investments when:
- Upon order of any competent court
(court of appeal) based on an ex parte
application
- Under the Anti-Terror Law
- No court order shall be required in;
Kidnapping for ransom, Drug Offenses,
Hijacking, destructive arson and
murder, including those perpetrated by
terrorists against non-combatants and
similar (civilian) targets, similar foreign
 offenses, and AMLC’s authority under
the Anti-Terror Law
Freeze Order
- You cannot withdraw/use the account in
such period of time. Freeze order shall
be effective immediately, for a period of
20 days either lift or extend the freeze
order (if extend, only up to 6 months [20
days is included])
- Anti-Terror Law
Asset Forfeiture
- AMLC may institute civil forfeiture
proceedings and all other remedial
proceedings through the office of
solicitor general
- When? When there is a covered
transaction or suspicious transaction
report made and the court has, in a
petition filed for the purpose, ordered
the seizure of any monetary instrument
or property, in whole or in part, directly
or indirectly, related to said report
- If monetary instrument or property to be
forfeited cannot be located, the
convicted may be ordered to pay the
value of the monetary instrument or
property in lieu of forfeiture
Updates on AMLA
- RA 11521 which was signed into law on
January 29, 2021, introduces
amendments to AMLA in a bid to
prevent the country from being included
on the ”gray list” or countries with weak
policies against dirty money by the
Financial Action Task Force (Based on
Paris, Global Money Laundering and
Terrorist Financing watchdog.)
- Financial Action Task force set
international standards that aim to
prevent this illegal activities and the
harm it will cause the society.
- Being included in the “Gray list” means
there will be a higher interest rates and
processing fees as well as more layers
of scrutiny from financial institutions (in
case mangungutang nanaman ang
pilipinas it will be hard to us to ask for it
because we are no longer have “A”
credit)
Salient Amendments to AMLA
- Included transactions in excess of
P500,000 of all Philippine offshore
Gaming Operators (POGO) within the
purview of AMLA
- Included real estate brokers and
developers as “covered persons” but
only for single cash transactions
involving amounts in excess of
P7,500,000, effectively narrowing the
burden of reportorial requirements for
high-risk transactions
- Included tax crimes with a threshold in
excess of P25,000,000 and violations
of the Trade Management Act on the
financing of the proliferation of weapons
of mass destruction. As a predicate
offense
- Granted the AMLC the ff. powers:
a. Authority to require, receive, and
analyze covered or suspicious
transaction reports from covered
persons
b. Issue subpoenas and conduct
search and seizure of suspicious
accounts
c. Preserve, manage, or dispose
assets pursuant to a freeze order,
preservation order, or judgement of
forfeiture
d. To implement targeted financial
sanctions in relation to the
proliferation of weapons of mass
destruction and their financing
- Adopted information security and
confidentiality proposals, safeguarding
information processed through AMLC
and deterring the council’s staff leaking
or misusing information
 2. 20,000km of operation after such
delivery
- This shall be the period during which the
consumer can report the nonconformity

R.A 10642. LEMON LAW Motor Vehicle

- it is hereby declared the policy of the state to - Any self-propelled, four-wheeled road
promote full protection to the rights of vehicle designed to carry passengers
consumers in the sale of motor vehicles (Ex. Sedans, Pick-ups, vans)
against business and trade practices which are - Excluding: motorcycles, delivery trucks,
deceptive, unfair or otherwise inimical to dump trucks, busses
consumers public interest Nonconformity
Definition of Terms - Refers to:
Brand New Vehicle 1. Defect of condition that substantially
impairs the use, value or safety
- Constructed entirely new parts 2. Prevents it from conforming to the
- Never been sold or registered with the standard or specification
DOTC 3. Which cannot be repaired
- But excluding:
Collateral Charges
1. Conditions resulting from
- Fees paid to LTO for the registration of noncompliance by the consumer
brand new motor vehicles 2. Modifications not authorized by the
- Such as but not limited to, the cost of manufacturer
insurance pertaining to the vehicle, 3. Abuse or neglect
chattel mortgage fees and interest 4. Damage due to incident or force
expenses if applicable majeure

Comparable Motor Vehicle Warranty

- Motor Vehicle that is identical or - Refers to written assurance, so labeled

reasonable equivalent by the manufacturer
- Offsetting from the value(motor vehicle)
Warranty Booklet
for reasonable allowance for its use is
allowed - Issued by the manufacturer shall clearly
state the manner and form of such
Dealer/Retailer
notice to constitute a valid and legal
- Sell brand new MV directly to the retail notice to the manufacturer.
buyers and public - It shall also clearly state the
responsibility of the consumer under this
Distributor section
- Sell brand new MV to duly authorized Warranty Period
dealer/retailer
- Refers to the period provided for under
Implementing Agency the contract of sale
- Department of Trade and Industry (DTI) Requisites to Invoke Lemon Law Rights
Lemon Law Rights Period 1. Brand new MV
2. Purchased in the PH
- Refers to whichever comes first;
3. Reported by the consumer in the
1. 12 months after the date of original
nonconformity of MV
delivery
 4. Within 12 months after the date of
original delivery or first 20,000km of
operation from such deliver, whichever
comes first
Repair Attempts
- At any time, within the lemon right law
period, and after at least 4 separate
repair attempts
Notice of Availment
- The consumer shall, in writing, notify the
manufacturer of:
1. Unresolved complaint
2. Intention to invoke his right
Availment of Lemon Law Right
- Subsequent to the filing, the consumer
shall bring the vehicle to the
manufacturer for a final attempt to
address the complaint of the consumer
to his satisfaction
- It shall be the duty of the manufacturer
to attend such complaint
- In the case of nonconformity remains
unsolved, the consumer may file a
complaint before the DTI
Deemed Successful Repair
- If the vehicle is not returned for repair
within 30 calendar days from the date of
notice of release
Event where nonconformity issue still exist
- After the 30 days but within the lemon
law period, the consumer may be
allowed to invoke his rights
Compensation for non-use
- To compensate for non-usage of the
MV, the consumer shall receive a
reasonable allowance which covers
the transportation from his residence to
his workplace
Reasonable Allowance is equivalent to:
1. Air-conditioned taxi fare, as evidenced
by official receipt
2. In such amount agreed upon by the
parties
3. A service vehicle at the option of the
manufacturer
Determination of Reasonable Allowance
1. 20% per annum deducted from the
purchase price
2. By using the formula: Distance Travelled
(in KM) * purchase price/ 100,000KMs
Any disagreement on this matter shall be
resolved by DTI
Remedies for Dispute Resolution
Mediation
a. The principle of negotiation,
conciliation and mediation towards
amicable settlement must be observed
b. Any cost incurred establishing the
validity of the consumers complaint shall
be borne jointly by the consumer and
manufacturer
c. Complain shall be deemed valid if it is
proved that the MV does not conform
to the standards or specifications set
by manufacturers
d. Upon failure of Mediation, the parties
shall execute a certificate attesting to
such failure
Arbitration
- In the event of failure to settle the
complaint, both parties may voluntarily
decide to undertake arbitration
proceedings
Adjudication
a. In the event that both parties do not
undertake arbitration proceedings, at
least one of the parties may commence
adjudication proceedings. Adjudication
shall no later than 20 working days
b. In case of finding where nonconformity
is proved. Either of the ff. remedies must
be performed
- Replace the motor with a similar and
comparable MV, subject to availability
 - Accept the return of the MV and shall
pay for the purchase price plus the
collateral charges
In case consumer decides to purchase different
item, the difference between shall be paid by
the latter
In both cases, the reasonable allowance for use
shall be deducted from determining the value
of the nonconforming MV
c. In case where nonconformity is not
found:
- Manufacturer can reimburse the cost
incurred by the latter in validating the
consumers complaints
An appeal may be taken after such final
judgment within 15 days from the receipt
thereof. The appeal shall be taken by filing a
memorandum of appeal to the secretary of the
DTI, with notice of appeal to the adjudication
officer, with a copy of duly furnished the
adverse parties on any of the ff. grounds:
1. Grave abuse of discretion
2. The decision/order is in excess of
jurisdiction
3. The decision/order is not supported by
the evidence
The secretary shall decide on such appeal not
later than 30 days from the receipt thereof. A
party seeking for further appeal from the
decision of secretary of DTI may file a case of
certiorari to the COA
Disclosure on Retail
- Should the returned MV be made
available for resale
- Prior to the sale or transfer, disclose in
writing to the next purchase the ff.
1. The specific MV was returned
2. The nature of the nonconformity
3. The condition of the MV at the time
of delivery
The responsibility of the manufacturer shall
cease upon the sale of the affected MV to the
first purchaser
Penalty
- Manufacturer, distributor, authorized
dealer or retailer who violated this act
shall pay for a minimum amount of
P100,000 as damage to the aggrieved
party
R.A 9394. CONSUMER ACT
CHAPTER 1: Consumer Product Quality and
Safety
Implementing Agency
Department of Health
- With respect to food, drugs, cosmetics,
devices and substances
Department of Agriculture
- With respect related to agriculture
Department of Trade and Industry
- With respect to those listed above
Publication of Standard
- In 2 newspaper of general circulation
and at least once a week for a period
not less than 1 month
Effectivity of Rules
- Shall not exceed 90 days from the date
promulgated
Injurious, Dangerous and Unsafe Products
- Must be subject to seizure from public
sale or distribution
- Within 48 hours from such order
Penalties
- Fine not less than 1,000 but not more
than 10,000
- Imprisonment for 2 months but not more
than 1 year
- Or both
CHAPTER 2. Food, Drugs, Cosmetics, and
Devices
Implementing Agency
 - Department of Health
Adulterated Food
- if it bears any poisonous or deleterious
substance
- it has passed its expiry date
- there has been omission or abstraction
- if its bears a color additive which is
unsafe
- if it is confectionary, and it bears or
contains any alcohol or non-nutritive
Regulation of Unprocessed Food
- the provincial, municipal and city
governments shall regulate the
preparation and sale of mean, fresh
fruits, vegetables, and other foodstuff for
public consumption
Exceptions for Conformity with Regulation
- it and its use or intended use conforms
to the terms of an exemption for being
solely intended for investigational use by
qualified experts
- The respective department prescribe the
conditions under which such additives
may be safely used
Adulterated Drugs and Devices
- It contains filthy, putrid or decomposed
substance
- It purports to be or is represented as a
drug
- its efficacy, quality or purity falls below
Exemption in Case of Drugs and Devices
- Drugs intended for use by man which;
habit forming
Licensing and Registration
- Within 180 days after filing of an
application, the department shall either
approve or give the applicant notice of
an opportunity for a hearing
Antibiotic Drug defined.
- Any drug intended for use by man
containing any quantity of any chemical
substance which is produced by a
micro-organism which has the capacity
to inhibit or destroy micro-organism
Adulterated Cosmetics
- Filthy, putrid or decomposed
- Prepared under unsanitary condition
- Poisonous or deleterious
- If its contain color additive, except hair
dye
Factory Inspection
- To enter at a reasonable time
- To inspect in a reasonable manner
- Prior to the inspection, the inspector
shall give a receipt to an agent in charge
- Copy of result or such analysis shall be
furnished promptly to the owner,
operator or agent in charge
Drug Reference Manual & Drug Bulletin
- The department shall publish such
manual and bulletin to serve as
reference by manufacturers, distributors,
physicians, consumers and such other
group
Administrative Sanction
- Not less than 1,000 not more than 5,000
Prohibited Acts and its penalties
- Fine of not less than 5,000 not more
than 10,000
- Imprisonment of 1 year but not more
than 5 years
- Or both
CHAPTER 3. Hazardous Substance
Implementing Agency
- Department of Health
Penalties
- Fine not less than 1,000
- Imprisonment not less than 6 months
nut more than 5 years
- Or both
Protection against deceptive, unfair and
unconscionable sales acts or practices
Implementing Agency
 - Department of Trade and Industry
Unfair or Unconscionable Sale
- The sale was done in bad faith, the
consumer is in physical or mental
infirmity, ignorance, illiteracy, lack of
time
Chain Distribution Plan
- Also known as the Pyramid Sales
Schemes
- This scheme shall not be employes in
the sale of consumer products
Home Solicitation Sales
- No business shall conduct any home
solicitation sales
Home Solicitation; When Conducted
- 9:00am – 7pm of each working day
- Other time where the person solicited
has previously agreed to the same
Home Solicitation; Whom Conducted
- By a person who has a proper
identification and authority from his
principal to make such solicitation
Receipts for Home Solicitation Sales
- Sales shall be properly receipted
Prohibited Representations
- Buyer has been specially selected
- A survey, test or research has been
conducted
- Seller is making a special offer to a few
person only for a limited time
Referral Sales
- Shall not be used in the sale of
consumer products generally
- Unless, the seller executes in favor of
the buyer a written undertaking that will
grant a specified compensation or other
benefit to said buyer
Penalties
- Fine not less than 500 not more than
10,000
- Imprisonment not less than 5 months
not more than 1 year
- Or both
Regulation of Practices Relative to Weights
and Measures
- Provincial, city or municipalities
- Shall be tested, calibrated and sealed
every 6 months by the official sealer
Use of Metric System
- Legal instruments and documents shall
be in the metric system
Full warranty
- If the written warranty meets the
minimum requirements
Limited warranty
- If the written warranty does not meet
such minimum requirements
CHAPTER 4. Labeling and Fair Packaging
Implementing Agency
- Department of Trade and Industry
The prohibition does not include to:
- Engaged in packaging or labeling
- Prescribe or specify by any means the
manner in which such product is pack
- Having knowledge, refuse to disclose
Philippine Product Standard Mark
- The label may contain the Philippine
Product Standard Mark if it is certified to
have passed the consumer product
standard
Special Packaging for Protection of Children
- The degree or nature to children
- Feasible, practicable and appropriate
Price Tag Requirement
- Shall not be sold at a price higher than
that stated therein
Manner of Placing Price Tag
- Product per unit in pesos and centavos
- Visible placement
- There shall be no erasures or alterations