1. Assuming the Accused K was prosecuted for violation of Anti-Bouncing Checks Law, what defense under the law may she offer to escape criminal liability? A. No written notice of dishonor of the check was received by the drawer or maker from the drawee bank, the holder of the check, or the offended party. B. The check in issue is merely a memorandum check. C. The person whose signature appears on the check is merely an employee of a corporation, induced by her employer to countersign the check in blank, without knowing the name of the payee. D. The drawer, within 5 banking days from receipt of the notice of dishonor, tried to make arrangements for the partial payment of the check granted limited funds with the payee refusing to accede to such scenario. 2. K, an employee of a growing BPO earns a salary which is just a bit more than what he needs for a comfortable living. He maintains a P10,000 savings account, a P20,000 checking account, a P30,000 money market placement, and a P40,000 trust fund in BDO. Which of the four accounts are deemed insured by the PDIC? A. The P30,000 money market placement and the P40,000 trust fund B. The P10,000 savings account and the P20,000 checking account C. The P20,000 checking account and the P40,000 trust fund D. The P10,000 savings account and the P30,000 money market placement 3. During the Rehabilitation proceedings, the RTC acting as a Special Commercial Court (SCC) issued a Commencement Order to take effect on December 15, 2020. After such date, can a new case of collection by Creditor vs. Corporate Debtor be filed before another RTC? A. No. The case is suspended. Creditor should instead take part in the rehabilitation proceedings. B. Yes. The case is not suspended. Creditor's rights should be upheld while the proceedings are still ongoing. C. No. The case is suspended. Allowing the creditor to proceed with a new case is equivalent to forum-shopping. D. Yes. The case is not suspended. Creditor should instead take part in the rehabilitation proceedings.

1. Assuming the Accused K was prosecuted for violation of Anti-Bouncing Checks Law, what defense under the law may she offer to escape criminal liability? A. No written notice of dishonor of the check was received by the drawer or maker from the drawee bank, the holder of the check, or the offended party. B. The check in issue is merely a memorandum check. C. The person whose signature appears on the check is merely an employee of a corporation, induced by her employer to countersign the check in blank, without knowing the name of the payee. D. The drawer, within 5 banking days from receipt of the notice of dishonor, tried to make arrangements for the partial payment of the check granted limited funds with the payee refusing to accede to such scenario. 2. K, an employee of a growing BPO earns a salary which is just a bit more than what he needs for a comfortable living. He maintains a P10,000 savings account, a P20,000 checking account, a P30,000 money market placement, and a P40,000 trust fund in BDO. Which of the four accounts are deemed insured by the PDIC? A. The P30,000 money market placement and the P40,000 trust fund B. The P10,000 savings account and the P20,000 checking account C. The P20,000 checking account and the P40,000 trust fund D. The P10,000 savings account and the P30,000 money market placement 3. During the Rehabilitation proceedings, the RTC acting as a Special Commercial Court (SCC) issued a Commencement Order to take effect on December 15, 2020. After such date, can a new case of collection by Creditor vs. Corporate Debtor be filed before another RTC? A. No. The case is suspended. Creditor should instead take part in the rehabilitation proceedings. B. Yes. The case is not suspended. Creditor's rights should be upheld while the proceedings are still ongoing. C. No. The case is suspended. Allowing the creditor to proceed with a new case is equivalent to forum-shopping. D. Yes. The case is not suspended. Creditor should instead take part in the rehabilitation proceedings.

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1. Assuming the Accused K was prosecuted for violation of Anti-Bouncing Checks Law, what defense under the law may she offer to escape criminal liability?

A. No written notice of dishonor of the check was received by the drawer or maker from the drawee bank, the holder of the check, or the offended party.

B. The check in issue is merely a memorandum check.

C. The person whose signature appears on the check is merely an employee of a corporation, induced by her employer to countersign the check in blank, without knowing the name of the payee.

D. The drawer, within 5 banking days from receipt of the notice of dishonor, tried to make arrangements for the partial payment of the check granted limited funds with the payee refusing to accede to such scenario.

2. K, an employee of a growing BPO earns a salary which is just a bit more than what he needs for a comfortable living. He maintains a P10,000 savings account, a P20,000 checking account, a P30,000 money market placement, and a P40,000 trust fund in BDO. Which of the four accounts are deemed insured by the PDIC?

A. The P30,000 money market placement and the P40,000 trust fund

B. The P10,000 savings account and the P20,000 checking account

C. The P20,000 checking account and the P40,000 trust fund

D. The P10,000 savings account and the P30,000 money market placement

3. During the Rehabilitation proceedings, the RTC acting as a Special Commercial Court (SCC) issued a Commencement Order to take effect on December 15, 2020. After such date, can a new case of collection by Creditor vs. Corporate Debtor be filed before another RTC?

A. No. The case is suspended. Creditor should instead take part in the rehabilitation proceedings.

B. Yes. The case is not suspended. Creditor's rights should be upheld while the proceedings are still ongoing.

C. No. The case is suspended. Allowing the creditor to proceed with a new case is equivalent to forum-shopping.

D. Yes. The case is not suspended. Creditor should instead take part in the rehabilitation proceedings.

Definition Definition Financial market that deals in securities or assets that are short-term in nature. The money market is responsible for keeping up the liquidity of the businesses and the organizations. These securities are usually held for a period of 12 months or less and are issued by institutions that require cash or funds for their short-term cash flow requirements. The money market is regulated by the federal government.

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