COMMERCIAL LAW

Banking Law

The Law on Secrecy of Bank Deposits provides that all deposits of whatever nature with
banks or banking institutions are absolutely confidential in nature and may not be examined,
inquired or looked into by any person, government official, bureau or office. However, the
law provides exceptions in certain instances. Which of the following may not be among the
exceptions:

1. In cases of impeachment.
2. In cases involving bribery
3. In cases involving BIR inquiry.
4. In cases of anti-graft and corrupt practices.
5. In cases where the money involved is the subject of litigation.

Briefly explain your answer or option.

ANSWER: