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2022 Bar Examination · Mercantile Law
Mercantile Law — 2022
Every Mercantile Law question from the 2022 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 2022 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.
1. Samson Manufacturing, Inc. insured its own goods with Delilah Insurance for Php 2,000,000.00. The same goods were insured by Alibaba Shipping Co. with Assured Corp. for the same amount pursuant to …
2. [This item has two questions.] Muviel obtained a life insurance policy from X Insurance Corp. Muviel underwent a medical examination and was certified as qualified to be insured. Unknown to X Insur…
3. [This item has two questions.] Kotse Corp. is an entity that provides pre-arranged transportation services for a fee using an online-enabled platform technology that connects passengers with driver…
4. At around 4:00 p.m. of December 25, 2020, Christmas Day, Queenie and her child, Paeng, boarded a jeepney being operated by Emil and driven by Amor. Queenie was made to sit on an empty beer case at …
5. FLIP Co. is engaged in a nationalized activity requiring at least 60% Filipinoownership. Its outstanding capital stock consists of 1,000,000 shares broken down into 400,000 non-voting preferred sha…
6. Yoongi, a director of BTS Corp. PH, bought substantial shares of its major supplier, Hybe, Inc. When Hybe, Inc.’s contracts were taken up by the BTS Corp. PH Board, Yoongi not only voted for their …
7. [This item has two questions.] LOKO Co., using a fraudulent scheme, was able to sell its shares to investors. The sale proceeds were then secretly diverted by LOKO Co. to its wholly owned subsidiar…
8. EXIT Corp., no longer wanting to continue with its business, transferred to Entra, Inc. under an Asset Purchase Agreement all its properties and assets including goodwill. A creditor of EXIT Corp. …
9. [This item has two questions.] Zui Cheneris Corp. is a pharmaceutical company operating in the Philippines since 1999. One of its products is a drug called carbamazepine under the brand name “CHENA…
10. Bank teller Loris submitted a Suspicious Transaction Report (STR) on Marychelle, a politically exposed person (PEP), who, when asked about her deposit of Php 2,000,000.00 in cash, winked and repli…
11. Kauff Corp. had suffered tremendous losses as a result of the COVID-19 pandemic and the resulting economic slump. From a calculation of its assets and liabilities, Kauff Corp. was technically inso…
12. In a Facebook livestream, an author offered his books online for sale by asking interested viewers to type in “Mine” in the chatbox. A set of his books was sold to a social media influencer who la…