SAINT MARY’S ANGELS COLLEGE OF PAMPANGA

San Pedro, Sta. Ana, Pampanga

Instructions:

1. Read and analyze every question carefully.

2. Write your answer in a yellow pad paper, answer must be HANDWRITTEN.
3. Answer without legal basis and explanation will not be given any points. Always expound your answer.
4. Always answer every question with a minimum of 100 words. Every question requires an exhaustive
explanation.
5. Answers extracted from online sources will not be given any points. It is preferable if your answer in
your own words and not merely write what is written in the module.
6. Write your name in the upper left portion of your paper using the following format: Surname, Name
and Middle initial.
7. After answering your paper, scan your paper using “CamScanner” or other similar application. Rename
the file using the same format. Submit your answer in PDF form on Bluehive.
8. Submit your answer before 11:59 PM, Wednesday, March 6, 2024.
9. Late submission will not be accepted.

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I. INTELLECTUAL PROPERTY CODE OF THE PHILIPPINES

1. Elya Rose, a graduate of John Hopkins University School of Medicine and an expert in genetic
engineering is currently working in a non-government organization based in the Netherlands, which
tries to find a cure for cancer. Since the NGO does not have the funding, Elya Rose sought sponsorship
with SMS Investment Corporation. SMS Investment agreed to fund the research of Elya Rose. After
two years of extensive research, the team of Elya Rose was able to engineer a cell from a mouse that
eats cancer cells. The cell was called cockamousecell. The said discovery was a groundbreaking
discovery and novel in the field of genetic engineering and in the field of cancer study. The discovery
was a product of Elya Rose intellect and ingenuity. Elya Rose was able to secure a patent in the
Netherland Patent Office. Can the local property laws in the Philippines allow rights of exclusive
ownership cockamousecell to Elya Rose? Explain exhaustively. (10 POINTS)

2. Supposing Albert Einstein were alive today and he filed with the Intellectual Property Office an
application for patent of his theory of relativity expressed in the formula E=mc2. The IPO disapproved
Einstein application on the ground that his theory of relativity is not patentable. Is the IPO action correct?
(5 POINTS)

3. Atty. Maylene Dela Pena was hired by Sheen Angel to represent the latter in a civil case pending before
the Branch 26 of the Regional Trial Court of Pampanga. The controversy involves in the civil case was
about whether or not the contract of real estate mortgage involving a personal property entered by
Sheen Angel is a binding contract between her and her creditor, Rainelle. The presiding judge of Branch
26 was Judge Desiderio P. Jurado, who happens to one of the leading authority in the Civil Code of the
the Philippines, he authored a various volume of books in Civil Code one of which is entitled
“Commentaries in the New Civil Code of the Philippines: Credit Transactions.” Atty. Maylene Dela Pena
was not well-versed in the field of credit transactions so she consulted the book of Judge Desiderio P.
Jurado regarding his expert opinion on whether a personal property may be subject to real estate
mortgage. Satisfied with the opinion of Judge Jurado in the book, Atty. Dela Pena lifted the expert
comment from the book and included it in her pleading which she submitted in the court of Judge
Jurado. Judge Jurado filed a case for infringement of copyright against Atty. Dela Pena for quoting a
portion of his book without his permission. May Atty. Maylene Dela be held liable for copyright
infringement? (10 POINTS)
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4. Rose An Rose Anne and Jayson are famous vloggers in the Philippines, and because of their celebrity
status, they hide their love affairs from the public for the sole reason that they want to make their
relationship private as much as practicable. Jayson is a very wary person because his social media
account was hacked several times. In order to have secure communication with Rose Anne, the couple
is using a special application “Rednit.” When Evangeline, one of the facilitators of Rednit, and an avid
fan of the Jayson found out the identities of Rose Anne and Jayson. Evangeline kept a copy of the
conversation of the couple and published them. Can Evangeline be held liable for copyright
infringement? Explain exhaustively. (10 POINTS)

5. Justice Arturo Brion is a former Associate Justice of the Supreme Court. After his retirement from the
Supreme Court he was invited to writ in a newspaper column for the Manila Bulletin. As a token of
appreciation from the Manila Bulletin, Justice Brion is receiving an honoraria amounting to P10, 000.00
monthly for his articles. The newspaper column by Justice Brion appears in the daily publication of
Manila Bulletin. After three and half years of writing for Manila Bulletin, Justice Brion decided to publish
a book entitled “Life at the Legal Front” a compilation of his column published in the Manila Bulletin.
The book will be published by Central Bookstore, one of the leading publishers of law books in the
Philippines

a. Does Justice Brion need to secure authorization from Manila Bulletin in order to publish his
book? Explain exhaustively. (5 POINTS)
b. Assume that Manila Bulletin plans to publish Justice Brions’ columns in its own entitled ―The
Best of Manila Bulletin Through the Years. Justice Brion wants to prevent the publication of his
columns. Name one irrefutable legal argument Justice Brion could cite to enjoin Manila Bulletin
from including his columns in its book. Explain exhaustively. (5 POINTS)

6. After disposing of her last opponent in only two rounds in Myanmar, the renowned Filipina boxer Levi
Quinto arrived at the Clark International Airport and met by thousands of hero-worshipping fans and
hundreds of local and international media photographers. The following day, a picture of Levi wearing a
black polo shirt decorated with the 2-inch Cockamouse appeared on the front page of every newspaper
in the Philippines. Cockamouse, the French firm that manufactures Cockamouse apparel and owns the
Cockamouse trademark decided to take the opportunity to the popularity of the lady boxing icon. It
reprinted the photographs, with the permission of the newspaper publishers, and went on a worldwide
blitz of print commercials in which Levi is shown wearing a Cockamouse shirt alongside the phrase ―
Levi Quinto just loves Cockamouse. When Levi sees the Cockamouse advertisements and asks you
whether she can sue Cockamouse International before a Philippine court:
a. For copyright infringement because of the unauthorized use of the published photographs. (5
POINTS)
b. For injunction in order to stop Cockamouse International from featuring her in their commercials.
(5POINTS) Will these actions prosper? Explain exhaustively.

7. While vacationing in Poracay, Jayson surreptitiously took photographs of his girlfriend Jasmin in her
revealing swimsuit. Three weeks after, Jasmin photographs appeared on Facebook and in a national
celebrity magazine, Preview PH. Jasmin found out that Jayson had sold the photographs to the Preview
PH, adding insult to injury, uploaded them to his personal blog on the Internet.
a. Can Jasmin file a complaint against Jayson damages based on, among other grounds, violation of
her intellectual property rights. Does she have any cause of action? Explain. (5 POINTS )
b. Jayson’s friend Renee stole the photographs and duplicated them and sold them to a magazine
publication. Jayson sued Renee for infringement and damages. Does Jayson have any cause of
action? Explain. (5 POINTS)

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8. Grace Nuyem is a fine arts student at Saint Mary's Angel College of Pampanga. She stays in a boarding
house with Jessica as her roommate. During her free time, Grace Nuyem would paint and leave her
finished works lying around the boarding house. One day, Grace Nuyem saw one of her works, an
abstract painting entitled "Santa Ana Traffic Jam" on display at the college cafeteria. The cafeteria
operator said he purchased the painting from Jessica who represented herself as its painter and owner.
Jessica and the cafeteria operator immediately confronted Jessica. While admitting that she did not do
the painting, Jessica claimed ownership of its copyright since she had already registered it in his name
with the National Library as provided in the Intellectual Property Code. Who owns the copyright to the
painting? Explain (10 POINTS)

9. Rica Balbin and Rica Mesina are classmates at the University Of Philippines College Of Fine Arts. After
their graduation, they decided to form a partnership named “R. Balbin & R. Mesina ArTE”. The firm
offers a variety of services in graphic design, painting, interior design, photography, etc. “R. Balbin & R.
Mesina ArTE” became a renowned interior design company in the Philippines. Mercy Canedo, a rich
woman who owned the biggest accounting firm in central Luzon was able to notice their artistic works.
Ms. Canedo commissioned them to paint a mural in her accounting firm building for advertisement
purposes with a total fee of 4 million pesos. It was agreed that Ms. Canedo will provide all the materials
for the mural and will pay the laborers that will assist Rica Balbin and Rica Mesina in the project.

Assume that the project is completed and both Rica Balbin and Rica Mesina are fully paid the amount of
P4M as artists' fee by Ms. Canedo. Under the law on intellectual property, who will own the mural? Who
will own the copyright in the mural? Why? Explain. (10 POINTS)

10. Jayson, an employee of Mahal Qhoe Car Services (MQCS) owned by Jasmin and her fiancé Nikko; Jayson
was hired by Jasmin at a special request of Nikko. Nikko and Jayson are childhood friends and the former
know how innovative and sophisticated Jayson as an employee. In the course of its employment, Jayson
was able to invent a gas emission reduction device; it practically reduced the gas emission of the car.
Katherine, a clerk of the MQCS was inspired by the invention of Jayson, she mimics the invention of
Nikko during her idle time in the MQCS. Thereafter, Katherine filed an application for registration of her
device with the Bureau of Patents. 9 months later, Jayson filed his application for the registration of the
device with the Bureau of Patent.
a. Is Is the gas emission reduction device patentable? Explain. (5 POINTS)
b. Assuming that it is patentable, who is entitled to the patent? What if any is the remedy of the
losing party? Explain (5 POINTS)
c. Supposing Jasmin discovered the inventions of Jayson and also laid a claim to the patents.
Asserting that Jayson and Katherine were using materials and time of MQCS in making the
devices will her claim prevail over those of her employees? Explain (5 POINTS)

II. INSURANCE CODE OF THE PHILIPPINES

1. Upon Woodwork's application, Phil. Phoenix issued in its favor a fire insurance policy whereby it insured
Woodwork's building, machinery, and equipment for a term of one year from against loss by fire.
Woodwork did not pay the premium stipulated in the Policy when it was issued nor at any time
thereafter. Before the expiration of the one-year term, Phil Phoenix notified Woodwork of the
cancellation of the Policy allegedly upon request of Woodwork. Phil Phoenix Woodworks with the
amount of P3,110.25 for the unexpired period of 94 days, and claimed the balance of P7,483.11
representing, earned premium. Woodwork disclaimed any liability contending, in essence, that it need
not pay the premium because Phil Phoenix did not stand liable for any indemnity during the period the
premiums were not paid. Can Phil Phoenix collect the earned premiums? Explain exhaustively. (5
POINTS).

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2. On February 3, 2021, while Elaine Payabyab was in the hospital preparatory for brain surgery, she called
her only daughter, Ella, and showed to her a will naming Ella as the sole heir to all her mother's estate
including the family mansion in Santa Ana, Pampanga. The following day, Ella took out a fire insurance
policy on the family mansion in Santa Ana, Pampanga. One week later, Elaine Payabyab died. After her
mother's death, Ella moved her husband and their children, Rosalyn, Nicole, and Aezeth to the family
mansion which she inherited. On March 30, 2021, a fire occurred razing the mansion to the ground. Ella
then proceeded to collect on the fire insurance she took earlier on the house.
a. Should the insurance company pay? Explain exhaustively (5 POINTS).
b. Distinguish insurable interest in property insurance from the insurable interest in life insurance.
Explain exhaustively (5 POINTS).

3. Antonio Chua obtained from American Home a fire insurance covering the stock-in-trade of his business.
The insurance was due to expire on March 25, 1990. On April 5, 1990, Chua issued a check for P2,983.50
to American Home's agent, James Uy, as payment for the renewal of the policy. The official receipt was
issued on April 10. in turn, the latter a renewal certificate. A new insurance policy was issued where the
petitioner undertook to indemnify respondent for any damage or loss arising from fire up to P200,000.00
March 20, 1990 to March 25, 1991. The business was completely razed by fire. Antonio Chua filed an
insurance claim with American Home and four other co-insurers. American Home refused to honor the
claim alleging that there was no existing contract because Antonio Chua did not pay the premium.
a. Is American Home liable to Antonio Chua? Explain exhaustively (5 POINTS).
b. In a contract of insurance does payment by installment of premiums invalidate the insurance
contract? Explain exhaustively (5 POINTS).

4. Philippine Health Care Providers, Inc. is a domestic corporation whose primary purpose is to establish,
maintain, conduct, and operate a prepaid group practice health care delivery system or a health
maintenance organization to take care of the sick and disabled persons enrolled in the health care plan
and to provide for the administrative, legal, and financial responsibilities of the organization: Individuals
enrolled in its health care programs pay an annual membership fee and are entitled to various
preventive, diagnostic, and curative medical services provided by its duly licensed physicians, specialists,
and other professional technical staff participating in the group practice health delivery system at a
hospital or clinic owned, operated, or accredited by it.

The Commissioner of Internal Revenue ordered Philippine Health Care Providers to pay documentary
stamp tax (DST) on its health care agreements. It moved for reconsideration arguing that DST is imposed
only on a company engaged in the business of fidelity bonds and insurance policies. Philippine Health
Care Providers, Inc., as a health maintenance organization (HMO), is a service provider and not an
insurance company.
a. Is Philippine Health Care Providers, Inc. (now Maxicare) engaged in the business of insurance?
Explain exhaustively (5 POINTS)
b. Is the health care agreement an insurance contract for the purpose of assessing DST? Explain
exhaustively (5 POINTS).

5. SOLAR is a forwarder of Infinix’s goods. In accordance with the contract of carriage entered by SOLAR
and Infinix, SOLAR insured Infinix’s goods with Malayan Insurance Corporation. Infinix also has its own
insurance policy with Philippines First Insurance Co., Inc. During the lifetime of these insurance policies,
the truck carrying Infinix’s goods was hijacked. Thus, Philippines First Insurance Co. paid Infinix on its
policy and sued SOLAR Malayan Insurance Corporation for reimbursement. To avoid liability Malayan
Insurance Corporation invoked Section 5 of the SR Policy and argued that in as much as there was already
a marine policy issued by Phil First securing the same subject matter against loss and that since the
monetary coverage/value of the marine policy is more than enough to indemnify the hijacked cargo, Phil
First alone must bear the loss. Is there double insurance? Explain exhaustively (5 POINTS).

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6. Capital Insurance & Surety Co., Inc. (Capital Insurance) delivered to Plastic Era Manufacturing Co., Inc,
(Plastic Era) its open Fire Policy No. 22760 wherein the former undertook to insure the latter's building,
equipment, raw materials products, and accessories. The policy expressly provides that if the property
insured would be destroyed or damaged by fire after the payment of the premiums, at any time between
the 15th day of December 1960 and one o'clock in the afternoon of the 15th day of December 1961, the
insurance company shall make good all such loss or damage in an amount not exceeding P100,000.00.
When the policy was delivered, Plastic Era failed to pay the corresponding insurance premium. However,
through its duly authorized representative, it executed acknowledgment receipt of Plastic Era's
promissory note.

The property insured by Plastic Era was destroyed by fire. In due time, the latter notified Capital
Insurance of the loss of the insured property by fire and accordingly filed its claim for indemnity, but was
denied
a. Is there a contract of insurance between Capital Insurance and Plastic Era? Explain exhaustively.
Explain exhaustively (5 POINTS)
b. In an insurance contract, can an insurance policy be binding even if the premium is unpaid?
Explain exhaustively (5 POINTS).

7. The heirs of Jay Lorenz, his legal wife, Carmela, and his legitimate children, Angel Lyca, Kateleen, and
Judy Ana filed a case for revocation and/or reduction of insurance proceeds alleging that Janette
Pontillar was a concubine of Jay Lorenz and a suspect in the killing of the latter, thus, Janette is
disqualified to receive any proceeds from his insurance policies and that illegitimate children of Jay
Lorenz from Janette were entitled only to one-half of the legitime of the legitimate children.

In the said insurance, Mara Joy, Kency, and Aira as the illegitimate daughters, together with their
mother, Janette are designated as the beneficiary for the insurance proceed.
a. Who is entitled to the proceeds of the insurance policy? Explain exhaustively (5 POINTS).
b. What is the rationale for the rule prohibiting the donee specified in Article 739 of the Civil Code
from being designated as beneficiaries in life insurance policy? Explain exhaustively (5 POINTS).

8. To secure a loan of 10 million, Nicole Kalaw mortgaged her building to Ciara May. In accordance with
the loan agreement, Nicole insured the property with ABC Insurance Company for 10 million with Ciara
as the sole beneficiary. Ciara also took an insurance on the building mortgage to her by Nicole with XYZ
Insurance Co. for 5 million. The building was totally destroyed by fire, a peril insured against both
insurance policies. Later, it was determined that the cause of the fire was intentional. It was Nicole who
started the fire in violation of the loan agreement because Nicole had been storing inflammable
materials in the building.
a. How much can Ciara recover from either or both insurance companies? What happens to the 10
million debts of Nicole to Ciara? Explain exhaustively (5 POINTS).
b. What are the effects if the mortgagee procures separate insurance coverage without reference
to the right of the mortgagor? Explain exhaustively (5 POINTS).

9. On January 4, 2021, Marites Mangalino joined ABC Corporation as President of the company. ABC
Corporation took out a life insurance policy on the life of Marites Mangalino with BCD Insurance
Company, designating ABC Corporation as the beneficiary. ABC Corporation also carried fire insurance
with XYZ Insurance Co. on a house owned by it, but temporarily occupied by Marites Mangalino again
with ABC Corporation as beneficiary.

On September 1, 2021, Marites Mangalino resigned from ABC Corporation and purchased the company
house he had been occupying. A few days later, a fire occurred resulting in the death of Marites
Mangalino and the destruction of the house. What are the rights of ABC Corporation against BCD
Insurance Company on the life insurance policy? Explain exhaustively (5 POINTS).
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10. Maxilite Technologies, Inc. is a domestic corporation engaged in the importation and trading of
equipment for energy-efficiency systems. Jose N. Marques is the President and controlling stockholder
of Maxilite. Far East Bank and Trust Co. (FEBTC) handled the financing and related requirements of
Marques and Maxilite. Marques and Max1hte maintained accounts with FEBT. Far East Bank Insurance
Brokers, Inc. (FEBIBI) is a local insurance brokerage corporation while Makati Insurance Company is a
local msurance company. Both companies were subsidiaries of FEBTC.\

FEBIBI, upon the advice of FEBTC, facilitated the procurement and processing from Makati Insurance
Company of four separate and independent fire insurance policies over the trust receipted merchandise
of Maxilite. Maxilite paid the premiums for these policies through the debit arrangement.

Finding that Maxilite failed to pay the insurance premium, FEBIBI sent written reminders to FEBTC to
debit Maxilite's account. On 24 and 26 October 1994, Maxilite fully settled its trust receipt account. On
9 March 1995, a fire gutted the Aboitiz Sea Transport Building, where Maxilite's office and warehouse
were located. As a result, Maxilite claimed against the fire insurance policy with Makati Insurance
Company. Makati Insurance Company denied the fire loss claim on the ground of non-payment of
premium. FEBTC and FEBIBI disclaimed any responsibility for the denial of the claim. Is there a payment
of premium? Explain exhaustively (5 POINTS).

11. Spouses Carmela and Jay Lorenz, and ABC Development Corporation entered into a two (2) year lease
contract with a stipulation not to insure against fire the chattels, merchandise, textiles, goods, and
effects placed at any stall or store or space in the leased premises without first obtaining the written
consent and approval of the lessor. However, the Spouses insured against loss by fire their merchandise
inside the leased premises with the United Insurance Co., Inc. without the written consent of ABC
Development Corporation. On the day the lease contract was to expire, a fire broke out inside the leased
premises and ABC Development Corporation, learning that the spouses procured insurance, wrote to
United Insurance to have the proceeds be paid directly to it.
a. Who is entitled to receive the proceeds of the insurance policy? Explain exhaustively (5 POINTS).
b. Can the insured in an insurance contract change the beneficiary in the insurance contract?
Explain exhaustively (5 POINTS).

12. Jay Lorenz, an elderly bachelor with no known relatives, obtained life insurance coverage for
P500,000.00 from ABC Insurance Corporation, an entity licensed to engage in the insurable business
under the Insurance Code of the Philippines. He also insured his residential house for twice that amount
with the same corporation. He immediately assigned all his rights to the insurance proceeds to Carmela,
a friend, companion living with him. Two (2) years later, Jay Lorenz died in a fire that gutted his insured
house, two (2) days after he had sold it. There is no evidence of suicide or arson or involvement of
Carmela in these events. Carmela demanded payment of the insurance proceeds from the two (2)
policies, the premium for which Jay Lorenz had been faithfully paying during all the time he was alive.
ABC Insurance Corporation, refused payment, contending that Carmela had no insurable interest and
therefore was not entitled to receive the proceeds from Jay Lorenz's insurance coverage on his life and
also on his property. Is ABC Insurance Corporation's contention valid? Explain exhaustively (5 POINTS)

III. FINANCIAL REHABILITATION AND INSOLVENCY ACT

1. ABC Corporation has 9. outstanding money obligations to six (6) creditors, namely A, B, C, D, E, and F, in
the aggregate amount of P250 million. The amount due to A, B, and C collectively is PI50 million. In the
creditors meeting, the three (3) agreed to the petition but not the remaining creditors.
a. Should the court approve the petition for suspension of payments? (5 POINTS)
b. What is the double majority rule in petition for suspension of payments? (5 POINTS)

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 c. What are the effects of the approval of the proposed Suspension of Payments agreement?
Explain (5 POINTS)

2. On February 20, 2021, ABC, an insolvent debtor, filed a petition for rehabilitation. On February 22, 2021,
upon learning of ABC's filing of the petition, XYZ Bank, of the creditors of ABC, declared the loan of ABC
with XYZ due and demandable based on the terms of the relevant loan agreement. Right after such
declaration, XYZ applied the bank deposit of ABC with the Bank against ABC's outstanding loan
obligation. On February 24, 2021, the court found the petition for rehabilitation sufficient in form and
substance, consequently, issued on the same day a commencement order. The commencement order,
among others, appointed a Rehabilitation Receiver and included a stay order which enjoined the
enforcement of claims against ABC. Upon learning of the set-off, the Rehabilitation Receive demanded
that the set-off should be set-aside arguing that XYZ cannot collect the loan because of the stay order.
XYX Bank, in turn, countered that there is no more claim when the stay order was issued because such
claim had been extinguished on February 22, 2021 and legal set-off took effect by operation of law.
a. Should the set-off be nullified? (5 POINTS)
b. What are the effects of a Stay or Suspension Order? (5 POINTS)

3. Debtor Corporation and its principal stockholders filed with the Regional Trial Court a petition
for rehabilitation. The objective was for the RTC to take control of the corporation and all its
assets and liabilities, earnings and operations and rehabilitating the company for the benefit of
investors and creditors. Generally, the unsecured creditors had manifested willingness to
cooperate with Debtor Corporation. The secured Creditors, however, expressed serious
objections and reservations. First Bank had already initiated judicial foreclosure proceedings on
the mortgage constituted on the factory of Debtor Corporation. Second Bank had already
initiated foreclosure proceedings on a third-party mortgage constituted on certain assets of the
principal stockholders. Third Bank had already filed a suit against the principal stockholders who
had held themselves liable jointly and severally for the loans of Debtor Corporation with said
Bank. After examining the petition, the Rehabilitation Court directed the appointment of a
Rehabilitation Receiver and issued a Commencement Order which included a Stay Order. The
Stay Order directed the suspension of all actions and claims against the Debtor Corporation as
well as against the principal stockholders.
a. Discuss the validity of the RTC order of suspension. Explain (2 POINTS)
b. Discuss the effects of the RTC order of suspension on the judicial foreclosure proceedings
initiated by First Bank. Explain (2 POINTS)
c. Would the order of suspension have any legal effect on the foreclosure proceedings
initiated by Second Bank? Explain. Explain (2 POINTS)
d. Would the order of suspension have any effect on the suit filed by Third Bank? Explain. (2
POINTS)
e. What measures may the receiver take to preserve the assets of Debtor Corporation?
Explain (2 POINTS)

4. Sarabia is a corporation engaged in the business of owning, leasing, managing and/or operating
hotels. it obtained loans from Far East Bank and Trust Company (FEBTc) in order to finance the
construction of a five (5)-storey hotel building (New Building) for the purpose of expanding its
hotel business. The foregoing debts were secured by real estate mortgages over several parcels
of land owned by Sarabia and a comprehensive surety agreement signed by its stockholders. By
virtue of a merger, Bank of the Philippine Islands (BPI) assumed all of FEBTC's rights against
Sarabia.

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Largely because of the delayed completion of the New Building, Sarabia incurred various cash
flow problems. Thus, despite the fact that it had more assets than liabilities at that time, it,
nevertheless, filed a Petition] for corporate rehabilitation.

After hearing, the RTC rendered judgment approving the Rehabilitation Plan which was affirmed
by the Court of Appeals. BPI filed the petition with the Supreme Court. BPI mainly argues that
the approved Rehabilitation Plan did not give due regard to its interests as a secured creditor in
view of the imposition of a fixed interest rate of 6.75% p.a. and the extended loan repayment
period. May the Rehabilitation Plan be approved and implemented despite the objection of BPI?
(5 points)

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