UE LAW
BANKING
CHISMIS
NEWS
GENERAL INFO
100
Who is the UE LAW Dean?
Dean Viviana Paguirigan
100
Who is a merchant
(1) Those who, having capacity to engage in commerce, habitually devote themselves thereto.
(2) Commercial or industrial associations organized in accordance with this Code.
100
Sino ang pinaka-latest celebrity ang nagbreak?
Bea Alonzo at Dominic Roque
100
What caused the deadly landslide in Davao de Oro last February 6, 2024
Mining activities
100
What is the real name of Pope Francis?
________ better known as Pope Francis, was born on December 17, 1936, and is the Bishop of Rome. He is, as such, head of the Catholic Church and sovereign of the Vatican City State since his 2013 election.
Jorge Mario Bergoglio
200
How many UE lawyers were produced in the last Bar examinations
62 UE Lawyers
200
What are the elements of a Letter of Credit
1. To be issued in favor of a determined person and not to order.
2. To be limited to a fixed and specified amount, or to one or more indeterminate amounts, but all within a maximum sum the limit of which must be exactly stated.
200
Sinong celebrity couple ang nag break, na kinagulat ng buong Pilipinas?
Kathryn Bernardo and Daniel Padilla
200
British Rock Band that performed in the Philippine Arena last month
Coldplay
200
It is also called Philippine Commonwealthand Independence Act, (1934), the U.S. statute that provided for Philippine independence, to take effect on July 4, 1946, after a 10-year transitional period of Commonwealth government.
Tydings-McDuffie Act
300
Recently opened room in 3rd floor that was sponsored by Justice Dimaampao
Muslim Prayer Room
300
What are the 2 kinds of Letters of Credit? Differentiate each.
1. Commercial Letter of Credit is procured for the sales of goods. The beneficiary is the seller while the issuing party is the buyer.
2. Stand-By Letter of Credit is procured for the performance of services. The beneficiary is the buyer while the issuing party is the service provider. The purpose of which is to ensure the performance of service.
300
Who is the Filipino Drag Artist who used "Durabox" on 'Drag Race UK vs. The World' to carry her luggage?
Marina Summers
300
Who is the 2024 Bar Exam Chairman?
Justice Mario LOPEZ
300
He is the head of Socorro Bayanihan Services Inc
Jey Rence Quilario or Senior Aguila
400
Privilege Question by Atty. Macalino
💓
400
What are the 3 contracts that are involved in a transaction relating to letters of credit
1. Contract between the buyer and seller
2. Contract between the issuing bank and the seller/beneficiary
3. Reimbursement contract between the issuing bank and the buyer
400
He is a showbiz personality who confirmed a celebrity couple's break-up without the latter's consent.
Tito Boy Abunda
400
Current minimum fare for traditional jeepneys and modern jeepneys
13 for traditional; 15 for modern
400
Current Chief Justice of the Philippines
Chief Justice Alexander G. Gesmundo
500
The best Banking Professor?
Atty. Fe Macalino
500
What are the 3 doctrines that must be remembered when studying letters of credit? Define each.
1. Independence Doctrine - The relationship of the buyer and the bank is separate and distinct from the relationship of the buyer and seller in the main contract
2. Fraud Exception Principle - the beneficiary may be enjoined from collecting on the letter of credit if the beneficiary committed fraud by substituting fraudulent documents even if on their face the documents complied with the requirements.
3. Strict Compliance Doctrine - the documents that the beneficiary should submit to the issuing bank or confirming bank must strictly conform to the documents stipulated.
500
Kris Bernal on Starstruck
500
Who sent bomb threats via email to various government agencies
Takahiro Karasawa
500
Why was St. Valentine executed?
He defied a Roman decree that forbade soldiers from marrying. He was executed for the crime of continuing to wed lovers in secret.