Practice question
A public juridical person invokes Article 46 to argue that it can enter any transaction without considering its governing law. Which is correct?
- Article 46 makes all public transactions unrestricted.
- Every official can create any power by signing.
- Public purpose eliminates every legal condition.
- Only private corporations must consider governing law.
- Article 46's capacities must be exercised in conformity with the relevant organizational laws and regulations.
Legal references
- Civil Code Articles44(1),45 and46; https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- 1987 Constitution ArticleXVI Section3; https://lawphil.net/consti/cons1987.html
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