May Interest Ka Ba?
This central bank supervises the operations and activities of Philippine banks.
What is the Bangko Sentral ng Pilipinas (BSP)?
An agreement whereby one undertakes for a consideration to indemnify another against loss, damage, or liability arising from an unknown or contingent event.
What is a Insurance Contract?
This carrier offers to transport passengers or goods to the public for compensation.
What is a common carrier?
Atty. asks, “Did you read the case?” Your bravest two-word reply is this.
What is “Yes, Atty.”?
This smiling bee is the mascot of a famous Filipino fast-food chain.
Who is Jollibee?
RA 1405 generally keeps bank deposits confidential. It is commonly called this law.
What are the Bank Secrecy Law?
One in whose name or for whose benefit the insurance proceeds shall be applied exclusively unless otherwise specified in the policy
Who is the Beneficiary?
Common carriers must observe this degree of care over goods and passenger safety. Hindi puwedeng “ingat lang, bes!”
What is extraordinary diligence??
Complete the survival phrase: “As a general rule…”.
What is “…subject to exceptions”?
This three-letter abbreviation stands for Chief Executive Officer.
What is CEO?
Under RA 1405, a depositor’s permission to examine their deposit must take this form. Hindi sapat ang “Sige, bro!”
What is written permission?
It is the amount of money a person pays for an insurance policy, in consideration for the assumption by the insurance of the risk of loss as a result of the happening of the designated peril.
What is Premium?
“Na-hijack po!” That excuse alone will not free a common carrier from liability for lost cargo. It must prove that the hijackers acted with this kind of threat, violence, or force.
What is grave or irresistible threat, violence, or force?
Hindi mo nabasa ang case. Tinawag ka ni Atty. Your first “remedy” is this.
What is prayer?
Sales reach the point where total revenue equals total costs. Wala pang kita, pero hindi na lugi!
What is the break-even point?
A depositor breaks up an account exceeding the maximum deposit insurance coverage and transfers the money to several people who have no beneficial ownership of it, within the legally specified period (120 days) before a bank holiday or closure, to maximize insurance coverage. This prohibited practice is called this.
What is Splitting of Deposits?
A ___________ is:
1.An oral or written statement
2.Affirmative or promissory
3.Made at the time of or prior to the issuance of the policy
4.Related to the risk to be insured.
What is Representation?
“Pareho kayong negligent, pero ikaw pa ang may pagkakataong umiwas!” This doctrine considers which party had the final clear opportunity to prevent the accident despite the other party’s earlier negligence.
What is the Doctrine of Last Clear Chance?
You confidently state the general rule. Atty. asks for the exceptions, then the exceptions to those exceptions. This three-word phrase buys you time by politely requesting the question again.
What is “May I repeat?”
Your café sells coffee and also owns the farm supplying its beans. Controlling different stages of the supply chain is this business strategy. From tanim to timpla!
What is vertical integration?