The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
LIABILITY FOR PRODUCT AND SERVICE
A product or service is defective when it does not offer safety rightfully expected of it
A product is not considered defective because another better quality product has been placed in the market
The supplier’s ignorance of service quality imperfection or product quantity imperfection does not exempt him from any liability
STOCKHOLDERS OR MEMBERS MEETING THRU TELECONFERENCING
Stockholders or members who cannot physically attend at stockholders’ or members’ meetings may participate in such meetings through Teleconferencing.
If a stockholder or member intends to participate in a meeting through remote communication, he/she shall notify in advance the Presiding Officer and the Corporate Secretary of his/her intention.
A stockholder or member who participates through remote communication or in absentia shall be deemed present for purposes of quorum.
WHO SHOULD PAY FOR PERSONAL PROTECTIVE EQUIPMENT?
A Personal Protective Equipment (PPE) is a specialized clothing or equipment designed to protect workers
It is the duty of the employer to provide his workers the needed Personal Protective Equipment
A Personal Protective Equipment is free of charge
WHO IS AN INSIDER?
Issuer is the originator, maker, obligor, or creator of the security
Insider includes a director or officer of, or a person controlling the issuer
Persons outside the company may be considered insider.