Practice question
A lawyer takes RA 1405's listed impeachment exception and assumes it automatically supplies the identical statutory exception for every protected foreign-currency account, without considering RA 6426 or any other applicable law. Which is best?
- All secrecy statutes have identical wording and scope
- The applicable foreign-currency regime and any independently established exception must be examined; RA 1405's list cannot simply be copied across
- Foreign currency accounts never receive protection
- A peso statute repeals every later special law by implication
- Only the bank's logo determines the exception
Legal references
- RA 1405 Section 2: https://lawphil.net/statutes/repacts/ra1955/ra_1405_1955.html
- RA 6426 Section 8 as amended by PD 1246 Section 2: https://lawphil.net/statutes/presdecs/pd1977/pd_1246_1977.html
- RA 12010 Sections 8 and12-15: https://lawphil.net/statutes/repacts/ra2024/ra_12010_2024.html
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