Practice question
A bank legally engaged in lending makes a candidate an ordinary-course loan complying with law and regulations. A challenger says Section 95 bars every such loan without exception. Which is best?
- Every loan is necessarily a bribe
- All banking law disappears
- The candidate may waive regulation
- The statute preserves the specified lawful ordinary-course lending exception
- The exception permits unlimited partisan gifts
Legal references
- BP 881 Section 95(a): https://lawphil.net/statutes/bataspam/bp1985/bp_881_1985.html
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