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Good evening tutor! Can you help me with my assignment about Regulatory Framework and Legal Issues in Business subject? The topic is Philippine Deposit Insurance
Good evening tutor!
Can you help me with my assignment about Regulatory Framework and Legal Issues in Business subject?
The topic is Philippine Deposit Insurance Corporation Law.
Answer and Explain on how you come up with the answer.
THANK YOU IN ADVANCE TUTOR!
PROBLEM RECOGNITION TASK Determine the maximum deposit insurance coverage by PDIC in the following items. (5 points x 5 Items) 1. Anjielica Caventa has the following deposit accounts in a closed bank: Anjielica Caventa P200,000 Regine Develos for the account of (FAO) Anjielica Caventa P150,000 Wilmari Ocampo in trust for (ITF) Anjielica Caventa P300,000 Anjilieca Caventa's business (sole proprietorship) P600,000 What is the maximum deposit insurance coverage as far as Anjielica is concerned? 2. Janard Lindio has the following deposit accounts in a closed bank: Janard Lindio and Clifford Agustin P600,000 Janard Lindio and Anthony Agarin P800,000 Janard Lindio and Patrick Reyes P900,000 What is the maximum deposit insurance coverage as far as Janard is concerned? 3. Jessa Manucdoc has the following deposit accounts in a closed bank: Jessa Manucdoc's modeling business (sole proprietorship) P300,000 Jessa Manucdoc P400,000 Jessa Manucdoc and Elmira Gersaniva P900,000 Jessa Manucdoc and Francia Cabezudo P500,000 What is the maximum deposit insurance coverage as far as Jessa is concerned? 4. Cristian Punzalan has the following deposit accounts in a closed bank: Cristian Punzalan's business (sole proprietorship) P300,000 Cristian Punzalan P100,000 Cristian Punzalan and Christian Nilo P300,000 Cristian Punzalan and Nestor Tulang and Jerone Gatdula and Emman Rivera P600,000 What is the maximum deposit insurance coverage as far as Cristian is concerned? 5. Ronel is a partner of MW Partnership and a stockholder of LG Corporation. He has the following deposit accounts in a closed bank: Ronel's business (sole proprietorship) P350,000 Ronel's personal savings account P500,000 Ronel and Jhun and Eff and Karla P600,000 Ronel and MW Partnership P650,000 Ronel and LG Corporation P400,000 What is the maximum deposit insurance coverage as far as Ronel is concernedStep by Step Solution
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