Supreme Court
Magno vs. Court of Appeals
G.R. No. 96132
Oriel Magno, lacking funds for a car shop, entered a leasing deal for equipment. Corazon Teng advanced a warranty deposit, hidden as a loan. Magno’s checks for repayment were dishonored, leading to charges under BP Blg. 22. Supreme Court acquitted him, ruling checks weren’t for value, transaction was irregular, and prosecution failed to prove guilt.
END