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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

Dina’s interests in several qualifying joint accounts with different co-owners at the same closed bank total P1.3 million after applying each account’s sharing rules. She claims each change of co-owner supplies her another P1 million limit. What controls?

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Changing and to or defeats aggregation Her aggregate interest across the joint accounts remains subject to the P1 million maximum All joint accounts become individual accounts Only the last account counts

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