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1. Yes. Atty. J Krisley De Guia has the power to revoke the agreement.

Under the New Central ank A!t" a !onservator has the power to revoke any

agreements #y the previous management in order to restore the via#ility o$ the

institution.

%n the instant !ase" the previous a!tion o$ the #oard mem#ers may #e

revoked or overruled #y Atty. J Krisley De Guia as it is one o$ the powers provided to

a !onservator.

&. 'he argument that there is no pending !ase against 'ulak is without merit.

(ne o$ the e)!eptions under the Anti *oney +aundering A!t is that i$ the a!!ount is

used $or any relating to the Dangerous Drugs a!t. ,en!e" *+ #ank must a#ide the

order o$ the A*+AC.

-ith regard to the se!ond argument" it is untena#le. 'he Anti*oney

+aundering a!t provides that a !ourt order $rom any !ompetent !ourt may #ere/uested in order to in/uire suspi!ious #ank a!!ounts relating to the o0enses

enumerated in the said a!t. ,en!e". A !ourt order $rom the Court o$ Appeals is not

re/uired

+astly" the third argument o$ *+ ank !annot prosper. %t is wellsettled in our

 urispruden!e that $oreign deposits may #e in/uired i$ the person is !ausing grave

distur#an!e against pu#li! poli!y and !ontrary to law.

2. 'he denial was improper.

%t is wellsettled in our urispruden!e that" general or des!riptive marks that

are in!apa#le o$ #eing e)!lusively appropriated due to #eing general" may #ee)!lusively used #y a person as long as su!h general mark over a period o$ time is

identi3a#le #y the !onsumers.

Considering the $a!ts a#ove" the e)aminer $ailed to veri$y i$ the term urists

over a period o$ time has #een identi3a#le to the !onsumers as the Jurist ar

4eview Center. %$ it is identi3a#le to the !onsumers e)!lusively" the do!trine o$

se!ondary meaning may #e applied andsu!h term may #e e)!lusively appropriated

#y Jurists ar 4eview Center.

5. 'he ene3!iary o$ 6 !annot !olle!t the poli!y.

 'here is !on!ealment" whether intentional or unintentional" when the person

is re/uired to dis!lose pertinent in$ormation re/uired in the insuran!e poli!y #ut $ails

to do so. 70e!t o$ !on!ealment shall render the insurer to res!ind the !ontra!t.

%n the instant !ase" it would #e valid $or *etropolitan +i$e %nsuran!e Company

to res!ind the insuran!e poli!y #e!ause o$ the !on!ealment !ommitted.

Con!ealment is !ommitted whether intentional or unintentional and the la!k o$

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medi!al knowledge o$ 6 !annot #e e)!used. ,en!e" the insuran!e poli!y shall #e

res!inded.