Question
Colleen Garcia has the following deposit accounts in a closed bank (BDO): Colleen Garcia's Business (Sole Proprietorship) Checking Account - BDO-Pasay City branch P200,000 Colleen
Colleen Garcia has the following deposit accounts in a closed bank (BDO):
- Colleen Garcia's Business (Sole Proprietorship) Checking Account - BDO-Pasay City branch P200,000
- Colleen Garcia Savings Deposit BDO-Taguig City branch 100,000
- Colleen Garcia and Billy Crawford Time Deposit BDO-Manila City branch 300,000
- Colleen Garcia and John Pedro and Rex Juan and James Reid Savings Deposit BDO-Lipa City branch 600,000
What is the maximum deposit insurance coverage by PDIC in so far as Colleen Garcia is concerned? Provide legal basis.
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Business Law Legal Environment Online Commerce Business Ethics and International Issues
Authors: Henry R. Cheeseman
9th edition
978-0134529530, 134004000, 134529537, 978-0134004006
