Lex Rex Ph

RCCP Sec. 35 vs. Sec. 41 Corporate Investment

	Section 35	Section 41
What may be exercised	General and implied powers	Investment only, not under implied power
Investment of funds	For primary purpose (an implied power under 35[k])	In another corporation, business or purpose
Approval	By a resolution of the Board	+⅔ OCS or members

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Culpa Aquiliana

April 18, 2022

Responsibility without a written contract, on the basis of a wrongful act. “Culpa” or culpability means responsibility arising from a wrongful act. Aquiliana – Latin

Icon vs. NLIC Digest

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Icon Development Corp vs. National Life Insurance Corp (NLIC)GR 220686 Facts Icon obtained several loans from NLIC. To secure its loans, Icon mortgaged several of its properties

For Governmental Purpose Are Public Lands | Province of Zamboanga del Norte vs. City of Zamboanga

September 8, 2021

Province of Zamboanga del Norte vs. City of Zamboanga GR NUMBER, DATE, FULL TEXT LINKL-24440March 28, 1968 (First Decision)June 30, 1969 (Second Resolution) PARTIES(P) Plaintiff-Appellee:

Rebus Sic Stantibus

October 2, 2022

The contract can only be valid if the conditions prevailing at the time of contracting continue to exist at the time of performance. If the

Donation Inter Vivos vs. Mortis Causa

November 23, 2021

How to Ascertain Designation of the deed of donation must be construed together with the rest of the instrument, in order to give effect to

“Yamashita Standard”

May 24, 2022

Also known as “Command Line Responsibility” or “Command Responsibility, is when the law of war imposes on an army commander a duty to take such

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