Nature of Bank Deposits

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1. When all legal-compensation requisites are met, to what amount are the reciprocal debts extinguished under Article 1290? Multiple Choice Easy
2. A bank owes Alice an ordinary deposit debt. Only Bob, a different person, owes the bank a loan, and Alice has not assum… Multiple Choice Medium
3. A bank owes a demandable ordinary deposit. The depositor owes a separate loan debt to the bank, but that loan debt is n… Multiple Choice Medium
4. A bank owes a depositor P600,000 on an ordinary deposit, and the depositor owes the bank P400,000. Both are principal, … Multiple Choice Hard
5. A bank claims its payment to another bank necessarily makes the depositor its debtor and permits setoff. The controllin… Multiple Choice Hard
6. Explain why the ordinary bank-deposit debtor-creditor relationship makes mutuality relevant to setoff but does not auto… Essay Hard
7. Apply legal compensation to a P600,000 ordinary deposit debt and P400,000 reciprocal loan debt where every statutory re… Essay Hard
8. A bank pays another bank and asserts that the depositor must therefore owe it the same amount. The facts establish no s… Essay Hard