RFTB SUBJECT

1. There are two (2) criminal statutes that involve a check. Briefly discuss each of them.
2. Mrs. Pedra, has the following deposit with Banko de Pondo. Savings deposit -P900,000; Joint account of Mr. and Mrs. Pedra- P700,000; Investment of Mrs. Pedra - P200,000,000; Account of Mrs. Pedra's son with Mrs. Pedra as the trustor - P500,000; The bank was ordered closed by the Monetary Board-Question; How much Mrs. Pedra could claim from the bank? Make your explanation. Correct answer - 10%- Justification -10%
3. What kind of banking risk is covered by PDIC ?
4. There are 2 ways on how BP 22 is violated. Briefly explain the two manners of violating the law *
5. Mr. Juan issued a check to Pedro for P100,000 payable 30 days after it was drawn. When Pedro deposited the check, the bank dishonored the check. What are the available defenses of Juan in order that he should be not charged criminally for the check he has issued to Pedro?
6. List 4 valid grounds available to the government where secrecy of bank deposit maybe waived or not apply.
7. Mr. Cruz a depositor of Tipid Bank lost his deposit of P800,000 because of a civil war that broke out between the government and CPP-NPA. After the civil unrest, Mr. Cruz filed a claim with PDIC for P800,000, the amount of his deposit in the bank. Will the claim of Mr. Cruz prosper? Yes or No, justify your answer. Correct answer in Yes or No - 10%; Justification - 10% *