Beta

Flashcards Studio

Practice bar questions and get clear AI feedback on every answer.

Study Settings View Stats

Topic

Question Type

Essay Multiple Choice

Question Source

All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A corporation and its president jointly hold a legitimate PHP900,000 deposit in a bank closing in 2026. They seek PHP900,000 insurance for each merely because both names appear. No other accounts or adjustments apply. What follows?

Choose the Best Answer

Each automatically gets PHP900,000. The amount is not doubled; the mixed juridical-natural account is presumed to belong entirely to the corporation for this coverage rule. The account is necessarily fictitious because a corporation is named. The MDIC is multiplied by the number of authorized signatures.

Load another random question

Your Progress

No data Retention

Tracked Cards: 0
Accuracy: No data
Retained: 0

View Detailed Analytics

Difficulty Breakdown

Answer flashcards to build a real score-based difficulty breakdown.

Current Streak 0 Days

Start a streak with this card.

Suggested Decks

View All

Leech Cards

Review

No recent weak flashcards in your saved workbook.