Practice question
Does the statutory forfeiture clause cover only the original ill-gotten principal and exclude its investment returns?
- No; it expressly includes the specified interests, incomes and derived assets
- Yes; interest is always immune
- Yes; stocks can never be forfeited
- Yes; deposits automatically cleanse proceeds
- Yes; income belongs to the nominee alone
Legal references
- RA7080 Sections1–3 and5–6, read with RA7659: https://lawphil.net/statutes/repacts/ra1991/ra_7080_1991.html
- RA7659 Section12, amended plunder provision: https://lawphil.net/statutes/repacts/ra1993/ra_7659_1993.html
Answer this question in flashcards to review your response and continue practicing.