2017 (Mercantile Law) Bar Exam Questions: Question 11

[Answer/discuss the question below, or see 2017 bar exam Mercantile Law Instructions; Also check the other 2017 Mercantile Law Questions:12345678910, and 12; See also 2017 Bar Exam: Information, Discussions, Tips, Questions and Results]


TRUE or FALSE – Explain briefly your answer.

(a) A conviction under the Trust Receipts Law shall bar a prosecution for estafa under the Revised Penal Code. (2%)

(b) The term capital in relation to public utilities under Sec. 11, Art. XII of the 1987 Constitution refers to the total outstanding capital stock comprising both common and non-voting preferred shares. (2%)

(c) Forgery is a real defense but may only be raised against a holder not .in due course. (2%)

(d) News reports are not copyrightable. (2%)

(e) The law on life insurance prohibits double insurance. (2%)

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