Practice question
Under Halley, does mere delivery of a check by itself necessarily discharge the subscription payment obligation?
- No; realization of the payment must be established under the applicable rule
- Yes; every check is automatically cash
- Yes; even a fictitious check always discharges it
- Only the paper’s color matters
- A check automatically eliminates creditor rights
Legal references
- Halley v. Printwell, GR157549, May30 2011, main opinion: https://lawphil.net/judjuris/juri2011/may2011/gr_157549_2011.html Payment proof and limit of unpaid-subscription recovery.
- Enano-Bote v. Alvarez, GR223572, November10 2020, main opinion: https://lawphil.net/judjuris/juri2020/nov2020/gr_223572_2020.html Recognized grounds for creditor recourse.
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