Practice question
A foreign-currency depositor has given no written permission. A commercial rival seeks account details solely for market research and identifies no other lawful exception. Which is correct?
- Market research always overrides secrecy
- Only the rival's budget matters
- Foreign currency is never protected
- An ordinary request becomes a court order
- The request lacks the stated legal basis for examining the protected account
Legal references
- RA 6426 Section 8 as amended by PD 1246 Section 2: https://lawphil.net/statutes/presdecs/pd1977/pd_1246_1977.html
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