Practice question
An agency requires every OFW to borrow only from its designated lender as a condition of deployment. It argues any lawful interest rate cures that exclusive arrangement. Which is best?
- The compulsory exclusive lender arrangement is separately prohibited.
- A lawful rate automatically authorizes every exclusive tie.
- The prohibition applies only to banks abroad.
- A worker’s need for deployment eliminates the restriction.
- An agency license permits every financing condition.
Legal references
- RA 8042 Section 6 as amended by RA 10022 Section 5: https://lawphil.net/statutes/repacts/ra2010/ra_10022_2010.html
- RA 11641 Sections 4-6 and 19, DMW functions and succession: https://lawphil.net/statutes/repacts/ra2021/ra_11641_2021.html
Answer this question in flashcards to review your response and continue practicing.