FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Julian and ABC Corporation are joint depositors in BPI Ayala Branch under a Joint Savings Account with P2M total cash deposits. If the bank closed

Julian and ABC Corporation are joint depositors in BPI Ayala Branch under a Joint Savings Account with P2M total cash deposits. If the bank closed down, who between Julian and ABC Corporation is entitled to the insurance proceeds, if any, under the PDIC law?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text and Cases

Business Law Text and Cases

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

11th Edition

324655223, 978-0324655223

More Books

Students also viewed these Law questions

Question

3. What concerns, if any, do you have with Maxs conversation with Jack? What might Max have done differently?

Answered: 1 week ago

Question

★★★★★
The Castillo Products Company described in Problem 6 had a very difficult operating year in 2009, resulting in a net loss of $65,000 on sales of $900,000. In 2010, sales jumped to $1,500,000, and a...

Answered: 1 week ago

Question

★★★★★
Julian and ABC Corporation are joint depositors in BPI Ayala Branch under a Joint Savings Account with P2M total cash deposits. If the bank closed down, who between Julian and ABC Corporation is...

Answered: 1 week ago

Question

★★★★★
On August 1, Batson Company issued a 60-day note with a face amount of $46,200 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.) a. Determine...

Answered: 1 week ago

Question

★★★★★
A lottery system has balls numbered 1 to 55 and randomly selects 7 of the lottery balls. There is only one prize of $7,900,000.00 which is awarded only if a lottery player selects the correct set of...

Answered: 1 week ago

Question

★★★★★
1.114 Goldilocks Effect: Read to Your Kids! (Part 2) Exercise 1.13 introduces a study in which 27 four-year-old children are presented with stories three different ways: audio only, illustrated, and...

Answered: 1 week ago

Question

★★★★★
Jeanette is conducting an experimental study of memory. She has recruited a sample of A-Level students and given them a word-learning task. They first do the task while music is playing and then in...

Answered: 1 week ago

Question

★★★★★
Your instructor has a class policy that allows students to submit late assignments without a penalty once per term. You have been enjoying your time at university so far, but you are struggling with...

Answered: 1 week ago

Question

★★★★★
Sandra asks you to hand her an anemometer while you're working together on a job. What's she going to use it for? Question 5 options: a) Measuring humidity b) Measuring air volume c) Measuring...

Answered: 1 week ago

Question

★★★★★
=+ 3. The residents of a certain dormitory have collected the following data: People who live in the dorm can be classifi ed as either involved in a relationship or uninvolved. Among involved

Answered: 1 week ago

Question

★★★★★
=+that if unemployment is above the natural rate, unemployment falls, and if unemployment is below the natural rate, unemployment rises.)

Answered: 1 week ago

Question

★★★★★
=+ b. From your estimates, calculate (in a rate per week) your rate of job fi nding f and your rate of job separation s. (Hint: If f is the rate of job fi nding, then the average spell of...

Answered: 1 week ago

Previous Question Next Question