ANSWER KEY

I. Identification
1. Museum
2. PAGCOR
3. Malicious Mischief
4. Symposium
5. Sexual exploitation
6. Promissory note
7. Foreign exchange
8. Domestic corporation
9. Duty free Philippines
10. Contract of Insurance

II. Enumeration (20pts)

1. (1) Insurer; (2) insured; (3)
beneficiary
2. (1) Apprentices; (2) Learners; and
(3) handicapped workers
3. (1) Insurable interest; (2) Existence
of risk; (3) Assumption of risk by the
insurer; (4) distribution of actual
loss; (5) Payment of premium

III. Abbreviation
1. Professional Congress Organizer
2. Barangay Micro Business
Enterprise
3. Compulsory Motor Vehicle
Liability Insurance
4. Department of Labor and
Employment
5. Social Security System
6. Investment Priorities Plan
7. Department of Tourism
8. Philippine Gaming and
Amusement Corporation
9. National Commission on Culture
and the Arts – Committee on
Independent Art Galleries
10. Food Caterer’s Association of
the Philippines

IV. Case Problem

1. 14,344
2. 57,376