Practice question
Is the general RA 1405 confidentiality rule identical to a universal exemption from execution?
- Yes, every confidential asset is unseizable
- Yes, whenever the debtor requests it
- No
- Only if the account statement is printed
- Only if the bank has no branches
Legal references
- China Banking v Ortega,GR L-34964,January 31 1973,main opinion: https://lawphil.net/judjuris/juri1973/jan1973/gr_34964_1973.html
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