Philippine Bar review · Question

Practice question: General Principles

Multiple Choice Easy

Practice question

Which entity is excluded from the FRIA debtor category by section 5?
  1. An otherwise covered Philippine corporation
  2. An otherwise covered individual
  3. An otherwise covered registered partnership
  4. A duly licensed bank within the statutory exclusion
  5. An otherwise covered sole proprietorship

Legal references

  • https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html — RA 10142, sections 2–5

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