As mentioned in class, the midterms will be bar exam-type questions (so study past bar exams to give you an idea). The coverage is Title II of the NIRC (Income Tax), excluding XVI to XIX of the Income Tax Outline. Objective questions (enumeration, true or false, multiple choice) (not exceeding a weight of 10%) are a possibility.
This is a closed-book exam (no notes, codal, annotations, etc. allowed).
I cannot over-emphasize the rule on academic honesty; any form of dishonesty is a serious offense and will be dealt with severely (so don’t even think about it).
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