Practice question
Under RA 8791 Section 87, how must trust business and its funds be treated relative to the entity’s general business?
- Always merged without records
- Only tracked in an employee’s diary
- Kept separate and distinct, including the accounts
- Converted automatically into corporate dividends
- Always surrendered to the largest lender
Legal references
- General Banking Law, RA 8791, Sections 3, 55, 87-88 and 92-93: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html
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