Legal Library

Marcos-Araneta vs. CA, Benedicto

Facts Irene Marcos Araneta alleged that she is a beneficiary of the shares of stocks of 2 corporations of Benedicto. She demanded reconveyance of 65% of the stockholdings but the alleged trustee,

Turner vs. Lorenzo Shipping Digest

GR 157479November 24, 2010 Facts The spouses Turners are stockholders of Lorenzo Shipping Corp. When the Corp decided to amend its Articles to remove the stockholders’ pre-emptive rights to newly-issued shares of

Importance and Benefits of Life Insurance

Importance of Life Insurance as a whole Life insurance is important for “Critical Years” – this is the period of your life when your children are still of young age and cannot provide for

MIAA vs. Pasay

Facts Manila International Airport Authority (MIAA) received Final Notices of Real Property Tax Delinquency from Pasay City for 10 taxable years or from 1992 to 2001. These properties are located inside NAIA

ABS-CBN vs. Hilario

July 10, 2019 Facts Mr. Edmund Ty incorporated CCI to engage in the business of making props for TV programs et al. Honorato and Banting were hired as employees. In June 2003,

DBP vs. Hydro Resources (HRCC) Digest

Facts DBP and PNB foreclosed NMIC’s properties which made the former as the majority stockholder of the latter. NMIC then engaged the services of Hercon/HRCC. NMIC failed to pay Hercon/HRCC. After default

Palay Inc. vs. Clave

Facts In 1965, Palay Inc thru its President, executed a Contract to Sell in favor of private respondent Nazario Dumpit, a parcel of land in Antipolo Rizal. Terms include DP and installments.

Lim vs. CA Digest

January 24, 2000 Facts In 1994, Pastor Y. Lim died intestate. Surviving spouse Rufina filed a petition for administration of his estate. The properties of respondent corporations (Auto Truck et. al.) were