Practice question
Under the charter's ordinary security language, what is the ceiling for the surety bond the CTA may require in connection with suspension?
- Ten times the amount claimed
- Five times the amount claimed
- Not more than double the amount claimed
- A minimum of ten times in every case
- An unlimited amount chosen without law
Legal references
- RA1125 Section11, as amended by RA9282 Section9; https://lawphil.net/statutes/repacts/ra2004/ra_9282_2004.html
- CIR v. CTA Second Division and QL Development, Inc., G.R.258947, March29 2022, main decision; https://lawphil.net/judjuris/juri2022/mar2022/gr_258947_2022.html
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