Philippine Bar review · Question

Practice question: Prohibited Transactions by Bank Directors, Officers, and Employees

Multiple Choice Easy

Practice question

Section 55.1(c) prohibits accepting gifts, fees, commissions, or other remuneration in connection with what?
  1. Any unrelated birthday throughout a person's life.
  2. Any lawful payroll payment without connection to credit.
  3. Approval of a bank loan or other credit accommodation.
  4. Every public holiday.
  5. Only a bank's purchase of pens.

Legal references

  • RA8791, General Banking Law, Sections2 and55: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html

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