Lex Rex Ph

Gross Negligence

From the Court’s standpoint, the defendant’s casual manner, insouciance and nonchalance, nay, indifference, to the predicament of the distressed corporation glaringly exhibited a lackadaisical attitude from a top office of a corporation, a conduct totally abhorrent in the corporate world, considering the fact that he is not a novice, but a seasoned businessman in his field. (Magaling vs. Peter Ong)

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