Practice question
A bank employee sends a depositor's balance to a neighbor to settle a personal argument. No permission, statutory authority or other exception exists. The employee says no cash was withdrawn, so secrecy cannot be violated. Which is best?
- Only theft can violate deposit secrecy
- No withdrawal means no possible breach
- The neighbor automatically becomes an account owner
- Unauthorized disclosure itself is prohibited, independently of withdrawal
- A personal dispute repeals the statute
Legal references
- RA 1405, Sections 2-3: https://lawphil.net/statutes/repacts/ra1955/ra_1405_1955.html
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