Practice question
A lawfully closed business has remained closed for five days but has not met the lawful compliance requirements in the closure order. It claims that time alone guarantees reopening. What does Section 115 state?
- Every closure automatically ends on the fifth day
- The closure is lifted only upon the prescribed compliance, in addition to the statutory minimum duration
- The taxpayer may reopen by changing its name
- A competitor may cancel the order
- Compliance is prohibited after five days
Legal references
- NIRC Section 115: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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