Hi Tutor!

Can you help me with my assignment in Regulatory Framework and legal Issues in Business. Here are the questions. Thank you

Case 1

While making a deposit in a bank, Peter, a newspapercolumnist, overheard a pretty bank teller informing a co-employee that Paul, a well-known public official, has just a few hundred pesos in his bank account and that hisnext check willbounce. Peter wrote this information in his newspaper column. Thus, Paulfiled a complaintagainst Peter with the City Fiscal ofManila for unlawfully disclosing information about his bank account. Will the said suit prosper? Explain your answer.

Case 2

Ericson, a well-known architect, is suffering from financial reverses. He has four (4) creditors with a total claim of P26 million. Despite his intention to pay these obligations, his current assets are insufficient to cover all of them. His creditors are about to sue him. Consequently, he was constrained to file a petition for insolvency. Since Ericson was merely forced by circumstances to petition the court to declare him insolvent, can the judge properly treat the petition as one for involuntary insolvency? Explain your answer.

Case 3

Daniel borrowed money from Carl. As security, Daniel executed a contract ofpledge over his vessels which, however, werenot actually delivered to Carlbut remained in Daniel's possession whoshall hold said property subject to the order ofthe pledgee. Daniel defaulted. Pursuantto the terms ofthe pledge, Carl took possession of the vessels and sold the same. Daniel contended that the pledge was not effective because there was only constructive and not actual delivery ofthe vessels to Carl. Is the contention of Daniel tenable? Explain your answer.