Question
Sinovac maintained a savings account with Covid21 Bank. On orders of the WHO Trial Court, the Sheriff garnished P5M of his account, to satisfy the
Sinovac maintained a savings account with Covid21 Bank. On orders of the WHO Trial Court, the Sheriff garnished P5M of his account, to satisfy the judgment in favor of his creditor, Ducke. Sinovac complained that the garnishment violated the Law on the Secrecy of Bank Deposits because the existence of his savings account was not disclosed to the public. Is Sinovac's complaint correct?
Choices:
Yes, WHO's garnishment order is against Bank Secrecy Law.
Yes, Sinovac has to sign a waiver of the Bank Secrecy Law first.
No, the trial court is correct in the issuance of order of garnishment without violating the Bank Secrecy Law
No, the opening of the bank account with Covid21 exposed the account to garnishment.
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