PERSON LIABLE UNDER BP 22

WELCOME TO THE BOUNCING CHECKS LAW RESOURCES!
 
"Where the check is drawn by a corporation, company, or entity, the person or persons who actually signed the check in behalf of such drawer shall be liable under this Act. [Section 1, BP blg. 22]  

 

Petitioner's argument that he should not be held personally liable for the amount of the check because it was a check of the Pan Asia Finance Corporation and he signed the same in his capacity as Treasurer of the corporation, is also untenable. The third paragraph of Section 1 of BP Blg. 22 states:

"Where the check is drawn by a corporation, company or entity, the person or persons who actually signed the check in behalf of such drawer shall be liable under this Act."

Justice Torres, SECOND DIVISION, RICARDO A. LLAMADO, petitioner, vs. COURT OF APPEALS and PEOPLE OF THE PHILIPPINES, respondent, [G.R. No. 99032.  March 26, 1997.]

 

 

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Last Updated: Wednesday, December 05, 2001 10:48:54 AM
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