Practice question
Under Civil Code Article 1980, fixed, savings, and current money deposits in banks are governed by rules on what?
- Simple loan.
- Lease of land.
- Partnership in every case.
- Donation in every case.
- Sale of a corporate franchise.
Legal references
- Civil Code, Articles1953 and1980: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- RA8791, General Banking Law, Sections2 and55: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html
- BDO Unibank v. People, GR255367, October2 2024, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/69675
Answer this question in flashcards to review your response and continue practicing.