G.R. No. L-20886 – 126 Phil. 196 – 19 SCRA 962 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction – Fraud Case In 1958, National Marketing Corporation (NAMARCO) entered into an agreement with Associated Finance Company, Inc. (AFCI). NAMARCO was represented by its general manager […]
Mercantile Law
176 posts
G.R. No. 125986 – 361 Phil. 989 – 302 SCRA 315 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction (upside down piercing) Aida Posadas was the owner of a 1.6 hectare land in Sucat, Muntinlupa. In 1989, she entered into an agreement with Jaime Bravo […]
G.R. No. 100812 – 368 Phil. 374 – 309 SCRA 72 – Mercantile Law Corporation Law – Piercing the Veil of Corporate Fiction (Upside Down) In 1985, Francisco Motors Corporation (FMC) sued Atty. Gregorio Manuel to recover from a him a sum of money in the amount of P23,000.00+. Said […]
G.R. No. 93397 – 336 Phil. 15 – 269 SCRA 15 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction Filriters Guaranty Assurance Corporation (FGAC) is the owner of several Central Bank Certificates of Indebtedness (CBCI). These certificates are actually proof that FGAC has the required […]
G.R. No. 89561 – 267 Phil. 578 – 189 SCRA 529 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction Mauricia Castillo was the administratrix in charge over a parcel of land left by Felipe Castillo. Said land was mortgaged to the Development Bank of the […]
G.R. No. 124715 – 380 Phil. 60 – 323 SCRA 102 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction In 1994, Pastor Lim died. His wife, Rufina Lim, petitioned with the probate court for the inclusion of 5 corporations into the inventory of the estate […]
G.R. No. L-14441 – 125 Phil. 5 – 18 SCRA 924 – Mercantile Law – Corporation Law – Parity Rights – Corporate Nationality – Nationalized Areas of Activity In 1956, San Jose Petroleum, Inc. (SJP), a mining corporation organized under the laws of Panama, was allowed by the Securities and […]
G.R. No. 126554 – 388 Phil. 220 – 332 SCRA 427 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction In 1993, ARB Construction Co., Inc. (ARB) entered into a contract with TBS Security and Investigation Agency (TBS) for the latter to provide security guards to […]
G.R. No. 141617 – 415 Phil. 153 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction – Fraud Test vs Alter Ego Test Adalia Francisco was the Treasurer of Cardale Financing and Realty Corporation (Cardale). Cardale, through Francisco, contracted with Andrea Gutierrez for the latter to […]
G.R. No. 114222 – 313 Phil. 296 – 243 SCRA 436 – Mercantile Law – Corporation Law – Corporate Nationality – Public Utility – Nationality Requirement in Nationalized Areas of Activity In 1989, the government planned to build a railway transit line along EDSA. No bidding was made but certain […]
G.R. No. 124062 – 361 Phil. 383 – 301 SCRA 459 – Mercantile Law – Corporation Law – Instance Where a Corporation is a Real Party in Interest Reynaldo Cometa is the president of State Investment Trust, Inc. (SITI), a lending firm. Reynaldo Guevara is the president of Honeycomb Builders, […]
G.R. No. 88404 – 268 Phil. 784 – 190 SCRA 717 – Mercantile Law – Corporation Law – Corporate Fiction – Franchise – Right of Succession In 1958, Felix Alberto & Co., Inc (FACI) was granted by Congress a franchise to build radio stations (later construed as to include telephony). […]
G.R. No. 121171 – 360 Phil. 768 – 300 SCRA 579 – Mercantile Law – Corporation Law – Corporation Generally Not Entitled To Moral Damages – Power To Enter Into Contracts In 1968, the government undertook to support the financing of Marinduque Mining and Industrial Corporation (MMIC). The government then […]
G.R. No. 116123 – 269 SCRA 564 – Mercantile Law – Business Organization – Corporation Law – Close Corporation – Liability for Tort Sergio Naguiat was the president of Clark Field Taxi, Inc. (CFTI) which supplied taxi services to Clark Air Base. At the same time, Naguiat was a director […]
G.R. No. 103576 – 329 Phil. 531 – 260 SCRA 714 – Mercantile Law – Corporation Law – Corporations cannot sue for moral damages In June 1978, Acme Shoe, Rubber & Plastic Corporation executed a chattel mortgage in favor of Producers Bank of the Philippines in consideration of a loan […]
G.R. No. 121413 – 403 Phil. 361 – 350 SCRA 446 – Mercantile Law – Corporation Law – Liability of a Banking Corporation for Wrongful/Tortuous Acts Committed By Its Employees In 1977, 1978, and 1979 Ford Philippines was assessed a tax liability in the amounts of P4.7 million, P5.8 million, […]