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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German Management v. CA (1989) Digest

September 22, 2021

“Landowner Bulldozed the Farmers’ Crops” G.R. No. 76217, Sept. 14, 1989 Parties: GERMAN MANAGEMENT & SERVICES, INC., petitioner, vs. HON. COURT OF APPEALS and ORLANDO

The Paquete Habana Case Digest

January 28, 2023

175 U.S. 677 (1900) [on custom] Facts The case involved fishing vessels called the Paquete Habana and Lola, which navigated near Cuba but were seized

The Asylum Case (Colombia v. Peru) Digest

January 28, 2023

ICJ Judgment of 20 November 1950 Facts A military rebellion broke out in Peru. Haya was denounced as responsible and his arrest was ordered. In

Gibbs v. Government Digest

January 30, 2023

Facts Mr. Allison and Mrs. Eva Gibbs were citizens of California USA and were domiciled therein. During their marriage, they acquired lands in the Philippines

Capital Gains Tax

October 18, 2021

Capital Gains Tax meaning is the final tax assessed on the presumed gain derived by citizens and resident aliens, as well as estates and trusts,

Leung Yee v. Strong Machinery Co. Digest (1918)

October 12, 2021

“Registering a Property in Bad Faith” G.R. No. L-11658, Feb. 15, 1918 LEUNG YEE, plaintiff-appellant, vs. FRANK L. STRONG MACHINERY COMPANY (machinery) and J. G.

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