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June 1, 2022

Business Law and Labor Law Updates

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.

 


WHO IS A POSSESSOR IN BAD FAITH?


  • A possessor in bad faith is someone who is aware that there exists in his title or mode of acquisition any flaw which invalidates it

  • An allegation that a possessor is in bad faith is not presumed

  • A possessor in bad faith shall reimburse the benefits received and those which the legitimate possessor could have received

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HOW DO YOU EXTINGUISH CONTRACT OF AGENCY?


  • Agency may be terminated by agreement of the parties.

  • Agency may also be terminated by the subsequent acts of the parties.

  • Agency may likewise be terminated by operation of law.

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WHO IS A POSSESSOR IN GOOD FAITH?


  • A possessor in good faith honestly believes that his right is valid and/or that he owns the property

  • A possessor in good faith is entitled to the benefits received before the possession is legally interrupted

  • A possessor may retain possession of the property until reimbursed

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HOW DO YOU ACQUIRE POSSESSION?


  • Possession is acquired by material occupation of a thing or the exercise or a right

  • It can also be acquired by the fact that a thing is subject to the action of our will

  • Possession may also be acquired by the proper acts and legal formalities for acquiring such right

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