Practice question
A responsible officer’s account lists cash but omits securities entrusted to custody. Does cash disclosure alone satisfy paragraph(l)?
- No; entrusted securities and other property must also be included
- Yes; noncash assets are excluded
- Yes; securities belong to the officer by custody
- Yes; only cash can be union property
- Yes; the affidavit substitutes for missing assets
Legal references
- Labor Code Article250[241] current membership safeguards, read with RA9481: https://lawphil.net/statutes/presdecs/pd1974/pd_442a_1974.html Paragraphs(b),(j)–(m).
- RA9481 Sections3,5,7, current cancellation/reporting rules: https://lawphil.net/statutes/repacts/ra2007/ra_9481_2007.html Section7 no automatic cancellation for reporting failure.
Answer this question in flashcards to review your response and continue practicing.