Practice question
An official is required to file the Section 8 statements. Her spouse has investments, and their unmarried 17-year-old child who lives in the household owns business interests. The official discloses only her own holdings, claiming family assets are categorically private. Which is correct?
- Only the official's salary can be declared.
- The required disclosures extend to the spouse and the specified unmarried minor child living in the household.
- All children's assets must always be disclosed regardless of age or household.
- Disclosure is optional whenever an asset was inherited.
- Marriage automatically exempts the official from filing.
Legal references
- https://lawphil.net/statutes/repacts/ra1989/ra_6713_1989.html — RA 6713, Section 8(A).
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