Practice question
Under Section3, must the drawee state insufficient funds or credit in the dishonor notice even when another stated reason also applies?
- Only the payee’s handwriting matters
- No, an additional reason always removes the duty
- Yes
- Only the drawer’s job title matters
- No dishonor reason is ever documented
Legal references
- BP22 Sections1 and3, maintaining funds and drawee duties: https://lawphil.net/statutes/bataspam/bp1979/bp_22_1979.html
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