Philippine Bar review · Question

Practice question: Banks, Quasi-banks, and Trust Entities Distinguished

Essay Medium

Practice question

Why does authority to perform one financial function not automatically establish unrestricted authority to perform every other function?

Legal references

  • https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html — RA 8791, sections 3, 4, 6 and 79–83

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