Practice question
While in office, a Vice-President wishes to acquire a direct financial interest in a contract awarded by a government-owned corporation. She proposes to disclose the interest fully and take no role in evaluating bids. Under Article VII, Section 13, which answer is best?
- The interest is permitted whenever fully disclosed.
- The interest is permitted because GOCC contracts are excluded.
- The constitutional prohibition on the specified financial interest is not removed merely by disclosure or abstention from bid evaluation.
- The interest is permitted if a Cabinet colleague also invests.
- The restriction applies only after leaving office.
Legal references
- 1987 Constitution, Article VII, Sections 3, 6 and 13: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353; Section 13.
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