Practice question
A drawer has sufficient funds at issue, deliberately withdraws them, and the check is presented within sixty days and dishonored for insufficiency. All remaining maintaining-funds-mode requirements are proved. Is initial sufficiency alone a complete defense?
- Only the payee’s preferred bank matters
- Yes, initial funding permanently immunizes every later withdrawal
- Yes, the second paragraph has no effect
- No
- Yes, the check must be presented after ninety days to qualify
Legal references
- BP22 Sections1 and3, maintaining funds and drawee duties: https://lawphil.net/statutes/bataspam/bp1979/bp_22_1979.html
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