Using Promissory Notes and Checks for Payments

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LTFRB MEMORANDUM CIRCULAR NO. 90-024: Using Promissory Notes and Checks for Payments

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Title Supreme Court: Using Promissory Notes and Checks for Payments

Law: Ltfrb Memorandum Circular No. 90-024

Decision Date: Nov 19, 1990

Operators may use promissory notes and post-dated checks to settle outstanding obligations with the Board, facilitating payments while imposing penalties for bounced checks and requiring Board approval for amounts exceeding P100,000.

promissory note

post

dated check

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