Practice question
A bank argues that because confidentiality encourages deposits, no later statute could ever authorize any account inquiry under any circumstances. Which reasoning is correct?
- The purpose permanently disables the legislature.
- Any confidentiality purpose automatically invalidates all investigation laws.
- Purpose informs interpretation, but the applicable legal framework and valid statutory access provisions must still be applied.
- All privacy protections vanish whenever an official asks.
- The bank can decide the law conclusively by advertising.
Legal references
- RA1405, Section1, purpose of deposit secrecy: https://lawphil.net/statutes/repacts/ra1955/ra_1405_1955.html
- PD1246, preamble and Section2 amending RA6426Section8: https://lawphil.net/statutes/presdecs/pd1977/pd_1246_1977.html
Answer this question in flashcards to review your response and continue practicing.