Practice question
A company demands a customer's protected deposit data solely to improve its marketing, claiming its campaign might promote economic growth. It establishes no consent or applicable legal access basis. Can the general development purpose alone authorize disclosure?
- Yes, every commercial proposal overrides secrecy.
- Yes, any claimed economic benefit supplies a court order.
- Yes, a company's preference is statutory consent.
- No; the general purpose does not replace the applicable consent or statutory requirements.
- Yes, all account information is public once deposited.
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.