COMMERCIAL LAW - BAR November 2022 - Suggested ANSWERS - Dean Joe-Santos Balagtas Bisquera

CORPORATION - in a Nationalized Industry, 60% Filipino on Total Capital Stock Outstanding, Non-Voting Preferred and Voting Common Shares, Treasury Stocks - PIERCING the VEIL of Corporate Entity in FRAUD of diverting Capital Fund Contribution - TRUST FUND DOCTRINE in Priority of Corporate DEBT - Director's CONFLICT of Interest, Liability for Disloyalty & Corporate Losses - FINANCIAL REHABILITATION, Suspension of Payments versus INSOLVENCY with Receivership;
BANKING - Secrecy of Bank Deposits - Anti-Money Laundering Law;
TRANSPORTATION & COMMON CARRIER - the Business of Common Carrier, "GRAB" is a "communications" contractor, not a Common Carrier - Extraordinary Diligence, Injury to Passenger, Presumption of Carrier's Fault or Negligence as Breach of Contract of Carriage - Complex Crime of RECKLESS IMPRUDENCE resulting to Homicide, multiple Physical Injuries and Damage to Property;
INSURANCE - LIFE Insurance, Concealment, Incontestibility Clause; Marine insurance, DOUBLE Insurance, separate Insurable Interests of Cargo Owner vs Common Carrier;
INTELLECTUAL PROPERTY - TRADEMARK - "First-to-File" vs "First-to-Use" Principle;
CYBERCRIME - Cyberlibel;
ELECTRONIC COMMERCE - consummated Electronic Contract of Sale, Snapshot versus printed HARDCOPY of Contract;