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MERCANTILE LAW
18 September 2005 8 A.M. — 12 Noon
INSTRUCTIONS
GOOD LUCK!!!
____________________________________
CHAIRMAN
2005 BAR EXAMINATION COMMITTEE
-I-
(5%)
- II -
(3%)
MERCANTILE LAW Page 3 of 10
- III -
- IV -
(5%)
-V-
With the additional logging activity, can the Korean national still
be a member of the Board of Directors? Explain. (3%)
- VI -
- VII -
- VIII -
c) Assuming that Aaron has guarantors for his debts, are the
guarantors released from their obligations once Aaron is discharged
from his debts? Explain.
(5%)
- IX -
Can Jacob still add Yob and Jojo as his beneficiaries? Explain.
(2%)
MERCANTILE LAW Page 7 of 10
-X-
(5%)
- XI -
(5%)
MERCANTILE LAW Page 8 of 10
- XII -
For their part, the officers filed a criminal complaint against the
directors of Hi Yielding Corporation for violation of Republic Act No.
6426, otherwise known as the Foreign Currency Deposit Act of the
Philippines. The officers alleged that their bank deposits were
illegally disclosed for want of a court order, and that such deposits
were not even the subject of the case against them.
(5%)
- XIII -
- XIV -
(4%)
- XV -
(5%)
(5%)
NOTHING FOLLOWS.