X, a newspaper columnist, while having a bank transaction, overheard a bank teller informing a co-employee that Y, the municipal mayor, has just P10,000.00 in his bank account and that his next check might probably bounce. X wrote this information in his newspaper column. Thus. Y fled a complaint against X for violation of the Secrecy of Bank Deposit Act. Decide.

X is not liable because he was in good faith when overheard the remark of the bank teller to co-employee

X who merely overheard the remark of the bank teller to co-employee and writing the same in his newspaper column is neither the inquiry nor disclosure contemplated by law

X is liable because bank deposits are absolutely confidential

X is liable because bank deposits must not be examined, or locked into by any person