Practice question
A bank says the high-care doctrine could not apply to its conduct in 1992 because RA 8791 was enacted only in 2000. Which is correct under Equitable PCI Bank v. Tan?
- No bank owed careful duties before 2000
- All earlier cases were automatically erased
- Only future mistakes can be evaluated
- The year alone conclusively excuses the bank
- The Court explained that the high standard was already recognized in earlier jurisprudence
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html — RA 8791, section 2
- https://lawphil.net/judjuris/juri2010/aug2010/gr_165339_2010.html — Equitable PCI Bank v. Tan, G.R. No. 165339, August 23, 2010, main opinion
Answer this question in flashcards to review your response and continue practicing.