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Piercing The Veil Of Corporate Fiction

PAMPLONA PLANTATION COMPANY VS TINGHIL, SABIHON, ET.AL G.R. NO. 159121, February 3, 2005 PANGANIBAN, J.: “To protect the rights of labor, two corporations with identical directors, management, office and payroll should be treated as one entity only. A suit by the employees against one corporation should be deemed as a suit against the other. Also […]

Sole Proprietorship

Excellent Quality Apparel, Inc. vs. Win Multi Rich Builders, Inc. G.R. No. 175048, February 10, 2009 TINGA, J.: FACTS: On 26 March 1996 Multi-Rich Builders (Multi-Rich) represented by Mr. Chua entered into a contract with Excellent Quality Apparel, Inc. (Excellent) represented by Mr. Ying, for the construction of a garment factory within the Cavite Philippine […]

The Four Business Models In The Philippines And Their Legal Repurcussions

If you are a student of Business Law or an entrepreneur thinking of establishing that dream business, knowing the legal implications of the different business models in the Philippines is an imperative. The four business models in the country are: corporation, sole proprietorship, partnership, and cooperative. CORPORATION Corporation is an artificial being created by operation […]

Defective Contracts

The New Civil Code classified defective contracts into four categories. 1. Rescissible Contracts. Rescissible contracts are those validly entered into by the contracting parties but may be rescinded by a court of law for equitable reasons such as when it resulted in financial harm to one of the contracting parties or to a third party […]

Elements of Contract

The elements of contract may fall under the following categories: I. Essential Elements 1. Consent. Consent refers to the meeting of the minds between the contracting parties or their conformity to all the terms and conditons of the contract which is freely given. Legal capacity is presupposed by consent. One cannot give concent unless he […]

5 Legal Principles Governing Contracts

A contract is a meeting of the minds between two or more parties, whereby one party binds himself with respect to the other, or where one party binds himself with respect to the other, or where both parties bind themselves reciprocally, in favor of one another, to fulfill a prestation to give, to do, or […]