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1.

A bank may be deemed as a mortgagee in good faith if it does not



a. Ascertain the mortgagor’s title or ownership over the property
mortgaged.
b. Ascertain the identity of the person borrowing the owner’s
duplicate original title of property mortgaged before allowing
such person to borrow such title for photocopying purposes.
c. Check both the owner’s duplicate original title to the
property mortgaged and the title thereof in the registry of
deeds.
d. Conduct an ocular inspection of the property, provided there
is nothing in the title to the property which would arouse
suspicion and require an ocular inspection.

2. A universal bank and a commercial bank differ in terms of their


power –
a. To invest in non-financial allied enterprises.
b. To create and accept demand deposits.
c. To act as investment house.
d. To perform quasi-banking functions.

3. Rural banks and cooperative banks essentially differ in terms of



a. Purpose.
b. Powers.
c. Governing law in matters other than organization, ownership,
capital requirements, powers, supervision, and general conduct
of business.
d. Being authorized to create or accept demand deposits even
without Monetary Board approval.

4. The distinction between the three modes of entry of foreign banks


in the Philippines under the Foreign Banks Liberalization Act is
material in determining –
a. Whether or not a foreign bank may avail of more than one mode
of entry.
b. Whether or not Monetary Board Approval is required for such
entry.
c. Whether or not head office guarantee is required.
d. Whether or not the foreign bank shall perform the same
functions enjoy the same privileges, and be subject to the
same limitations imposed upon a Philippine bank of the same
category.

5. The head office of a foreign bank authorized to operate branches


in the Philippines is sued in a Philippine court by a payee of a
check drawn by a depositor of the Philippine branch of such
foreign bank which refused to honor a check notwithstanding that
funds were sufficient. What defense can the head office raise to
avoid liability to such payee?
a. Philippine courts have no jurisdiction over the head office of
the foreign bank.
b. The head office of a foreign bank is not liable for the
unauthorized acts of its Philippine branch.
c. The head office guarantee is applicable only to liabilities to
depositors.
d. The bank is not liable to the payee for dishonor of checks.