Corporation Law

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

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