Practice question
A bank receives a written depositor permission for a particular lawful inquiry. Separately, its standard form purports to deprive all clients of the legal right to have non-public data protected. Explain why RA11765 Section12 does not require treating those instruments as the same thing.
Legal references
- RA1405: https://lawphil.net/statutes/repacts/ra1955/ra_1405_1955.html Section2.
- RA11765 Financial Products and Services Consumer Protection Act: https://lawphil.net/statutes/repacts/ra2022/ra_11765_2022.html Section12.
Answer this question in flashcards to review your response and continue practicing.