Professional Documents
Culture Documents
LA SALLE
COMPREHENSIVE EXAMINATION
YU AN LOG COLLEGE OF BUSINESS AND ACCOUNTANCY
1. X is a depositor of AAA Bank. She has three (3) deposit accounts all under
her name. One, in checking account, one in saving account and another one in
time deposit account. Each account has a balance of Php250,000. AAA Bank
became insolvent. Philippine Deposit Insurance Corporation closed the Bank.
X therefore is unable to withdraw from all of the accounts. She then filed
her claims with the Philippine Deposit Insurance Corporation. Which
statement is most accurate?
a. X can claim a total of Php500,000 for all the three (3) accounts.
b. X can only claim from one (1) account of Php250,000.
c. X can claim a total of Php750,000 from all the three (3) accounts.
d. X cannot claim anything from any of the deposit accounts.
2. The Bank Secrecy Law (RA 1405) prohibits disclosing any information about
deposit records of an individual without court order except -
a. In an examination to determine gross estate of a decedent.
b. In an investigation for violation of Anti-Graft and Corrupt Practices.
c. In an investigation by the Ombudsman.
d. In an impeachment proceeding.
5. X's painting of Madonna and Child was used by her mother to print some
personalized gift wrapper. As part of her mother's efforts to raise funds
for Bantay Bata, the mother of X sold the wrapper to friends. Y, an
entrepreneur, liked the painting in the wrapper and made many copies and
sold the same through National Bookstore. Which statement is most accurate?
a. Y can use the painting for his use because this is not a copyrightable
material.
b. X can sue Y for infringement because artistic works are protected from
moment of creation.
c. Works of art need to be copyrighted also to get protection under the
law.
d. Y can use the drawing even though not copyrighted because it is
already a public property having been published already.
7. The Fair Use Doctrine allows others to utilize copyrighted works under
certain conditions. The factors to consider whether use is fair or not would
be the purpose and character of the use, nature of the copyrighted work,
amount and substantiality of the portions used, and what else?
a. Effect of the use upon the creator of the work.
b. Effect of the use upon the potential market of the work.
c. Effect of the use upon the public in general.
d. Effect of the use upon the class in which the creator belongs.
8. XYZ Corporation bought ten (1 0) units of Honda Civic from CCC Corporation.
ABC Bank granted a loan to XYC Corporation which executed a financing
agreement which provided for the principal amount, the installment payments,
the interest rates and the due dates. On due dates of the installment
payments, XYZ Corporation was asked to pay for some handling charges and
other fees which were not mentioned in the Financing Agreement. Can XYC
Corporation refuse to pay the same?
a. No, because handling charges and other fees are usual in certain
banking transactions.
b. Yes, because ABC Bank is required to provide XYZ Corporation not only
the amount of the monthly installments but also the details of the
finance charges as required by the Truth in Lending Act.
c. No, because the Finance Agreement is a valid document to establish the
existence of the obligation.
d. Yes, because legally, finance charges are never allowed in any banking
transaction.
10. The Anti-Money Laundering Law is a law that seeks to prevent money
laundering activities by providing for more transparency in the Philippine
Financial System, hence the following institutions are covered by the law,
except:
a. Bank and any financial institutions;
b. Pawnshops;
c. Casino operators;
d. All of the above.
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b. RA 3675
c. RA 3567
d. RA 3765
15. Under the Truth in Lending Act, which of the following shall be fully
disclosed.
a. True Creditors and Debtors
b. True Cost of Credit
c. True Financial History of the Borrower
d. True Financial Transaction of the borrower
16. The government agency granted with the power of supervision and
examination over banks and non-bank financial institutions performing quasi-
banking functions, to ensure that the conduct of its business is on a sound
financial basis that will provide continued solvency and liquidity is -
a. The Philippine Deposit Insurance Corporation;
b. The Bangko Sentral ng Pilipinas;
c. The Anti-Money Laundering Council;
d. The Securities and Exchange Commission.
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20. X is a depositor of AAA Bank. She has three (3) deposit accounts all
under her name. One, in checking account, one in saving account and another
one in time deposit account. Each account has a balance of Php250,000. AAA
Bank became insolvent. Philippine Deposit Insurance Corporation closed the
Bank. X therefore is unable to withdraw from all of the accounts. She then
filed her claims with the Philippine Deposit Insurance Corporation. Which
statement is most accurate?
a. X can claim a total of Php500,000 for all the three (3) accounts.
b. X can only claim from one (1) account of Php250,000.
c. X can claim a total of Php750,000 from all the three (3) accounts.
d. X cannot claim anything from any of the deposit accounts.
21. The Bank Secrecy Law (RA 1405) prohibits disclosing any information
about deposit records of an individual without court order except -
a. In an examination to determine gross estate of a decedent.
b. In an investigation for violation of Anti-Graft and Corrupt Practices.
c. In an investigation by the Ombudsman.
d. In an impeachment proceeding.
24. Apart from economic rights, the author of a copyright also has moral
rights which he may transfer by way of assignment. The term of these moral
rights shall last
a. During the author's lifetime and for 50 years after his death.
b. Forever.
c. 50 years from the time the author created his work.
d. During the author's lifetime.
25. X invented a device which, through the use of noise, can recharge a
cellphone battery. He applied for and was granted a patent on his device,
effective within the Philippines. As it turns out, a year before the grant
of X's patent, Y, also an inventor, invented a similar device which he used
in his cellphone business in Manila. But X files an injunctive suit against
Y to stop him from using the device on the ground of patent infringement.
Will the suit prosper?
a. No, since the correct remedy for X is a civil action for damages.
b. No, since Y is a prior user in good faith.
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27. Samsung invented a cellular phone that can also play digital music or
MP3s. It applied for the issuance of letters patent.
a. The invention is not patentable because it is a combination of old
functions which does not produce a new result.
b. The invention is patentable because it is a new product which is
beneficial to the public.
c. The invention is not patentable because Samsung is a foreign
corporation and it should file its application in its home country.
d. The invention is patentable because it combines existing elements, a
cellular phone and a digital music player, and produces a new and
useful result, namely, the convenience of having two gadgets in one.
28. Lucky Me registered its trademark, “Ang Sarap Pancit Palabok” with the
Intellectual Property Office. Nissin subsequently introduced its new
product, “Ang Sarap Pinoy Ramen”. Lucky Me sued for trademark infringement.
a. Nissin is not guilty of trademark infringement because the trademark
“Ang Sarap” is descriptive, hence not capable of exclusive
appropriation.
b. Nissin is not guilty of trademark infringement because its product,
Pinoy Ramen, belongs to a different category from Lucky Me’s
product, Pancit Palabok.
c. Nissin is guilty of trademark infringement because it did not
register its trademark “Ang Sarap Pinoy Ramen”.
d. Nissin is guilty of trademark infringement because the trademark
“Ang Sarap” is fanciful and arbitrary, hence capable of exclusive
appropriation.
29. Center Book Store is the publisher of the book Legal Journal. It
donated one copy to the Library of the U.E. College of Law. The Library, in
order to preserve the original book, reproduced one copy of the Journal for
lending to the University’s students for room use. Is the U.E. Law Library
liable for copyright infringement?
a. No. The reproduction is consistent with fair use.
b. Yes. Only the National Library is allowed to reproduce books and
other works.
c. No. The copy of the Journal is marked “For Room Use Only” and is
therefore not made available to the public outside of the Library.
d. Yes. The law only allows a library to photocopy a book if it is
fragile or rare.
31. No. 1 – A bank may be may lend to a single borrower more than fifteen
(15%) of the bank’s unimpaired capital.
No. 2 – A deposit in a bank in foreign currency may be inquired into
provided the depositor gives his consent, orally or in writing.
a. Both are false.
b. Both are true.
c. No. 1 is true; no. 2 is false.
d. No. 1 is true; no. 2 is false.
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32. The Data Privacy Act applies to an act done or practice engaged in and
outside of the Philippines by an entity, if
a. The act, practice, or processing relates to personal information about
non-resident alien
b. A natural entity unincorporated in the Philippines but has central
management and control in the country
c. An alien in the Philippines
d. An entity that has a branch, agency, office, or subsidiary in the
Philippines and the parent or affiliate of the Philippine entity has
access to personal information
33. No. 1 - The Ombudsman may inquire into the bank deposit of a public
officer whose case is pending criminal investigation in the Ombudsman even
if there is no actual case filed in court.
No. 2 - A writ of garnishment directed to a bank deposit is prohibited
by law.
a. Both are false.
b. Both are true.
c. No. 1 is false; No. 2 is true.
d. No. 1 is true; No. 2 is false
34. Jose and his wife, Perla, opened and maintained the following accounts
with Allied Bank Recto. (a) Savings deposit – P300,000; (b) Demand deposit –
P400,000; (c) Time deposit - P350,000. They also have the same
deposits with the same amount in Allied Bank Makati. If Allied bank becomes
insolvent the Philippine Deposit Insurance Corporation will be bound to be
liable to the spouses for its insurance liability equivalent to
a. Two deposits.
b. One deposit.
c. Six deposits.
d. Three deposit
35. The National Privacy Commission shall ensure at all times the
confidentiality of any _______ information that comes to its knowledge and
possession.
a. Private and Public
b. International
c. All
d. Personal
39. No. 1- The addressee is entitled to regard the electronic data message
or electronic document received as that which the originator intended to
send;
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44. Data privacy act of 2012 does not cover all, except:
a. Information relating to any discretionary benefit of a financial
nature such as the granting of a license or permit by the government
b. Personal information processed for journalistic, artistic, literary or
research purposes
c. Information necessary in order to carry out the functions of public
authority
d. Information about an individual who is or was performing service with
private persons
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50. XX applied for the issuance of a preliminary injunctive order on the ground
that she is entitled to the use of the trademark on product A and its
container based on her copyright and patent over the same. Can she do this?
a. Yes. These are registrable marks
b. No. These are not registrable marks
c. Yes, although its copyrightability and patentability should be registered
separately
d. No. These are rights which are not interchangeable. The granting of one
right will not necessarily apply to the other rights.
51. Which of the following are not included under technology transfer
arrangements under the IP code?
a. the licensing of a new management program in favor of a Philippine
company
b. the exact process of how to create a new and improved child-proof paint
c. the secret ingredient of the KFC original recipe chicken.
d. the use of Windows software in businesses.
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d. B since A made the chip during office hours and utilized B’s resources.
a.Upon filing a motion in court, the court shall order for his substitution
as patentee
b.the court shall order for his substitution as patentee, or at the option of
the court, cancel the patent, and award actual and other damages in his
favor if warranted by the circumstances,
c.the court shall order for his substitution as patentee, or at the option of
the true inventor, cancel the patent, and award actual and other damages in
his favor if warranted by the circumstances
d.Upon a petition by the true inventor, cancel the patent, and award actual
and other damages in his favor if warranted by the circumstances.
56. Which of the following requisites are not included for an invention to
be patentable?
a. It is New, it has an inventive step, and it does not form part of a prior
art
b. It is New, it has an inventive step, and it is industrially applicable
c. It is new, it does not form part of a prior art and it is registered
d. None of the above
57. A Scientist has managed to create a new breed of pigs by altering its
DNA of which such has never existed prior to such act by the scientist. Is
the pig breed patentable?
a. No. Since it is immoral
b. Yes. Since the pig was created purely by the hand of the scientist
c. No. Since animal breeds are not patentable
d. Yes. Although the animal breeds are not patentable, the essential micro-
biological process is patentable
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60. A was able to invent a new type of vehicle. However, B was able to
register the invention first although it was clearly A who was the true
inventor. What remedy may A avail of?
a. He will file a civil case of patent infringement
b. He can file for cancellation of patent plus damages
c. He can file for the substitution as the real patentee
d. Both A and C
61. A medicine already being distributed both in the U.S. and in the
Philippines by distributor VX authorized by the patent holder is now being
imported by A, a doctor who operates a small clinic and is using the drug
for the treatment of his patients. Is A liable for patent infringement?
a. Yes. A is liable since VX is the only authorized distributor of the
patented drug.
b. No. A is not liable since section 72 (1) allows such use of the
product.
c. Yes. A is liable since he is not an authorized distributor of the
product.
d. No. A is not liable since this is a case of fair use.
62. A has been importing patented medical drugs from Thailand. The patent
is owned by B. B has a local distribution unit in the Philippines. B wants
to file a case of patent infringement and importation of counterfeit drugs
against A. Will this prosper?
a. No. This is a case of fair use
b. Yes. A counterfeit drug is a form of infringement against the patent
of B.
c. No. An unregistered drug is not the same as a counterfeit drug and
also that section 72 (1) allows such importation by a 3rd party.
d. Yes. B has not authorized A to distribute the products.
64. B was selling a product of A who was the patent holder of B’s product.
Apparently, B has been passing A’s patent as his. A filed a criminal case of
infringement against B. will this prosper?
a. Yes. A is the rightful owner of the patent
b. No. B is exempted under the fair use doctrine
c. Yes. A never authorized B to sell such products as his.
d. No. B has yet to be found guilty of a previous infringement, hence A
has no cause of action.
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c. No. The patent holder is not deprived of his rights to the patent
since he will still receive royalties for his patents.
d. Yes. The patent holder has exclusive rights over his patents and such
exclusivity is rendered inutile by the provision.
67. Q: Which of the following types of names confer the greatest chance of
being a valid trademark?
a. Generic
b. Descriptive
c. Suggestive
d. Arbitrary/Fanciful
73. A reporter wants to write a true-to-life story about a person who was
kidnapped and buried alive for 83 hours. The reporter then extensively
interviewed the survivor and spent several months coming up with a book
documenting the plight of the survivor. A Hollywood studio company then
made a movie out of the ordeal of the survivor. The reporter is saying that
even though the movie was not based on the book, the research he has spent
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79. When may the Anti- Money Laundering Council (AMLC) perform an inquiry
into deposits of a person?
a. For purposes of determining his liabilities.
b. To determine his assets with proper court order.
c. Upon order of the court when there is probable cause that the deposits
are related to crime of unlawful activities defined in R.A. 9194
d. When there is written consent of the depositor.
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84. Electronic Commerce Act of 2002 penalizes the following acts except:
a. Hacking
b. Violation of R.A. 7494 covered by or using electronic data messages
c. Piracy
d. Other Violations of the provisions of R.A. 8792
86. No.1- Data privacy act of 2012 requires the publishers, editors or
duly accredited reporters of any newspaper to reveal the source of any news
report or information.
No. 2- Data Privacy act of 2012 applies to an act done or practiced
engaged in the Philippines only;
a. Only the first statement is true.
b. Only the second statement is true.
c. Both statements are true
d. No answer
e. Both statements are false
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a. Yes, because the book was photocopied without the consent of the author and
used publicly in a classroom.
b. No, because the private reproduction of a published work in a single copy,
where the reproduction is made by a natural person exclusively for research
and private study, shall be permitted, without the authorization of the
owner of copyright in the work.
c. No, because Mr. Dela Cruz reproduced a single copy only, exclusively for
his private study and he did not gain any profit for photocopying some of
the pages of the book.
d. No, because he did not reproduced the whole book but only some of its
pages, it can be permitted even without the consent of the owner of the
copyright.
95. Kris Aquino commissioned Mr. Magaling to write a biography of her late
father, Ninoy Aquino, for a fee. Upon completion of the work, Kris paid Mr.
Magaling the agreed price. The biography was copyrighted. Kris, however,
changed her mind again upon reading the book and decided not to have it
published. Can Kris Aquino sell the property without the consent of Mr.
Magaling?
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a. Yes, Kris Aquino can sell the copyrighted biography of her father without
need of securing the consent of Mr. Magaling, the writer of said biography.
b. Mr. Magaling entered into a contract with Kris Aquino and having
compensated, he had parted with all his rights to the said book, in effect
making Kris his assignee.
c. The assignee’s rights include the right to sell the work without the
consent of the writer, Mr. Magaling.
d. All of the above
96. Atty. Ana Maganda wrote a legal opinion for a client on the
differences of a probationary, regular, casual and seasonal employee. She
quoted without permission Atty. Aliling’s comment appearing in his book
“Annotations on the Labor Code”, but she indicated the source of the
quotation, the book and the author’s name. Atty Aliling is a labor law
expert. Can Atty. Aliling hold Atty. Ana Maganda liable for infringement of
copyright for quoting a portion of his book without his permission?
a. Yes, because Atty. Ana Maganda copied somebody else’s work without the
original author’s consent.
b. No, because the Intellectual Property Code provides that a quotation from a
copyrighted work can be used for judicial proceedings or for giving
professorial advice by legal practitioner, provided the source are
identified.
c. Yes, because Atty. Ana Maganda used the work of another for her own gain.
d. No, because everybody can quote somebody as long as the source and the name
of the author of the quotation are identified.
97. Read the following statements and determine which of the choices are
correct:
a. Element no. 1
b. Element No. 2
c. Element No. 3
d. All of the above
99. Unilevel Corporation asked your legal advice regarding their plan to
use a trademark with the words “SWEET CANDY” However, there is an existing
and registered trademark using the words “TWEET CANDY” Which of the
following advices are correct.
a. The firm must abandon the plan because another company uses the trademark
Tweet Candy and there is a danger of a suit for infringement. The words
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Sweet and Tweet is almost similar in sound and they can confuse or mislead
the public.
b. They can use the SWEET CANDY as long as there will be a very different
packaging and flavors so as not to mislead the public.
c. Unilevel is a well-known company and their products are patronized country-
wide, they can use the trademark SWEET CANDY because TWEET CANDY is owned
by a small-time company whose market is within Luzon only.
d. None of the above
100. Which of the following works are protected and can be copyrighted?
a. A biography containing your life, love and success.
b. Your musical compositions with or without words.
c. News of the day and other facts having the character of mere press
information.
d. A and B only
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