Commercial Law, 2012 Bar — Question 18

MULTIPLE CHOICE

In payment for his debt in favor of X, Y gave X a Manager's Check in the amount of Php100,000 dated May 30, 2012. Which phrase best completes the statement — A Manager's Check: A) is a check issued by a manager of a bank for his own account. B) is a check issued by a manager of a bank in the name of the bank against the bank itself for the account of the bank. C) is like any ordinary check that needs to be presented for payment also. D) is better than a cashier's check in terms of use and effect.

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