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2006 Bar Examination · Mercantile Law
Mercantile Law — 2006
Every Mercantile Law question from the 2006 Bar, traced to the statutes, cases and Supreme Court doctrines it tests. Open any question for the facts, the mapped authorities, and the ALAC model answer.
The 2006 Mercantile Law questions
Questions are public-domain (Supreme Court Bar examinations). Each ALAC model answer is AI-drafted from landmark authorities and refined with every round of verification.
I. What is the doctrine of "piercing the veil of corporate entity?" Explain 2.5% To what circumstances will the doctrine apply? 2.5% What is the minimum and maximum number of incorporators required to…
II. Discuss the legal consequences when a bank honors a forged check. 5%…
III. Jun was about to leave for a business trip. As his usual practice, he signed several blank checks. He instructed Ruth, his secretary, to fill them as payment for his obligations. Ruth filled one …
IV. Rudy is jobless but is reputed to be a jueteng operator. He has never been charged or convicted of any crime. He maintains several bank accounts and has purchased 5 houses and lots for his childre…
V. The Peninsula Insurance Company offered to insure Francis' brand new car against all risks in the sum of P1 Million for 1 year. The policy was issued with the premium fixed at P60,000.00 payable in…
VI. In several policy addresses extensively covered by media since his appointment on December 21, 2005, Chief Justice Artemio V. Panganiban vowed to leave a judiciary characterized by "four Ins" and …
VII. What is a mutual insurance company or association? 2.5% Distinguish between the role of a conservator and that of a receiver of a bank. 2.5%…
VIII. Pio is the president of Western Bank. His wife applied for a loan with the said bank to finance an internet cafe. The loan officer told her that her application will not be approved because the …
IX. The Blue Star Corporation filed with the Regional Trial Court a petition for rehabilitation on the ground that it foresaw the impossibility of paying its obligations as they fall due. Finding the …
X. What acts or omissions are penalized under the Trust Receipts Law? 2.5% Is lack of intent to defraud a bar to the prosecution of these acts or omissions? 2.5%…
XI. Under Republic Act No.1405 (The Bank Secrecy Law), bank deposits are considered absolutely confidential and may not be examined, inquired or looked into by any person, government official, bureau …
XII. Is the Securities and Exchange Commission the venue for actions involving intra-corporate controversies? 2%…
XIII. Supposing Albert Einstein were alive today and he filed with the Intellectual Property Office (IPO) an application for patent for his theory of relativity expressed in the formula E=mc2. The IPO…
XIV. In a written legal opinion for a client on the difference between apprenticeship and learnership, Liza quoted without permission a labor law expert's comment appearing in his book entitled "Annot…
XV. A real estate mortgage may be foreclosed judicially or extrajudicially. In what instance maya mortgagee extrajudicially foreclose a real estate mortgage? 5%…
XVI. Pursuant to a writ of execution issued by the Regional Trial Court in "Express Bank v. Don Rubio," the sheriff levied and sold at public auction 8 photocopying machines of Don Rubio. Is the sheri…