Philippine Currency Laws

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18 Questions

What is the primary requirement for a coin to be considered mutilated under Philippine law?

The coin must be of legal tender in the Philippines

What is the act punishable under P.D. 247?

Possession of coin, counterfeited or mutilated by another person, with intent to utter the same

What is NOT a requirement for the act of uttering false coin?

The possessor must be the counterfeiter

What is the act punishable under Article 164?

There is no act punishable under Article 164

What is the act of 'uttering' in relation to false coins?

The act of holding false coins with intent to pass them as genuine

What is the punishment for willful defacement, mutilation, tearing, burning, or destruction of Central Bank notes and coins?

Punishment under a separate law

What is the primary intention of a person who mutilates a coin?

To take advantage of the metal abstracted

What is the requirement for a coin to be considered mutilated under P.D. 247?

The coin must be a legal tender

What is the punishable act under Article 165 of the RPC?

Actually uttering a false or mutilated coin, knowing it to be false or mutilated

What is the result of mutilating a coin?

The coin decreases in intrinsic value

What is the difference between counterfeiting and mutilating coins?

Counterfeiting involves making a new coin, while mutilating involves altering an existing coin

What is the requirement for uttering a mutilated coin?

The person uttering the coin must have connivance with the mutilator

What is the primary criterion for determining whether a coin is counterfeit or not?

The imitation must be such as to deceive an ordinary person in believing it to be genuine

Which of the following is a punishable act under Article 161 of the RPC?

Forging the Great Seal of the Government of the Philippines

What is the term for the act of making false or altered coins, as described in Article 162 of the RPC?

Mutilation of coins

What is the difference between counterfeiting and forgery?

Counterfeiting involves money, while forgery involves instruments of credit

What is the necessary element for consummating the felony of counterfeiting?

The imitation must be such as to deceive an ordinary person in believing it to be genuine

What is the term for the act of making false or altered documents?

Falsification

Test your knowledge on the laws and regulations governing currency in the Philippines, including mutilation and destruction of coins and banknotes.

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