Practice question
Under Section 7(a), what financial interest is prohibited?
- Every lawful interest in any unrelated business.
- A direct or indirect financial or material interest in a transaction requiring approval of the official's office.
- Only an interest exceeding half the transaction value.
- Only an interest disclosed after approval.
- Only an interest held in foreign currency.
Legal references
- https://lawphil.net/statutes/repacts/ra1989/ra_6713_1989.html — RA 6713, Section 7(a).
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