Practice question
In evaluating special-fact concealment in a director’s share purchase, which Civil Code provision addresses silence where a duty to reveal exists?
- Article 1339
- A rule making every silence innocent
- A rule making every market loss fraud
- Only the law on public elections
- Only the corporate-name reservation rule
Legal references
- Civil Code: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360; Articles 1338-1339,1344, applied to special-fact share-purchase disclosure.
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