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…
Tag: Corporation Law
Boyer vs. Roxas Digest
July 14, 1992 Facts Petitioner Heirs of Eugenia Roxas Inc. prayed for the ejectment of Rebecca Boyer-Roxas and Guillermo Roxas from buildings inside the Hidden Valley Springs Resort in Laguna allegedly owned…
Ong vs. CA Digest
Facts Petitioner Edward Ong represented ARMAGRI Corp., applied for a letter of credit for P2.5M with SOLIDBANK Corp, executed and signed alone the trust receipt acknowledging receipt from the Bank. Then again,…
BASECO vs. PCGG Digest
Facts BASECO (Bataan Shipyard and Engineering Co. Inc.) challenged the PCGG sequestration orders issued in accordance with EOs 1 and 2 of President Cory Aquino. PCGG was directed to (1) sequester the…
Unrestricted Retained Earnings (URE)
Unrestricted Retained Earnings (URE) are the accumulated profits and gains realized out of the normal and continuous operations of the company after deducting therefrom the distributions of stockholders (legal capital) and transfers…
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