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Philippine Bar review · Question

Practice question: Diligence Required of Banks

Essay Medium

Practice question

Does the existence of a detailed internal manual conclusively establish the required bank diligence? Explain.

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

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