Practice question
What feature of banking supports its heightened diligence standard?
- Its complete immunity from public concern
- Its fiduciary nature and the public interest in banking
- Only the size of bank buildings
- Only the color of account statements
- Its freedom from legal duties
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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