Practice question
A drawee dishonors for both insufficient funds and a stop-payment order but reports only the stop order. What express Section3 duty matters?
- No written reason may be given
- Hiding all insufficiency information
- Automatically acquitting the drawer without trial
- Only reporting the bank’s office hours
- Explicitly stating the insufficiency notwithstanding the other reason
Legal references
- BP22 Sections1 and3, maintaining funds and drawee duties: https://lawphil.net/statutes/bataspam/bp1979/bp_22_1979.html
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