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
MAY A GUARDIAN PURCHASE PROPERTY UNDER HIS GUARDIANSHIP?
The guardian may not purchase the property of the person under his guardianship.
Public policy prohibits the transactions in view of the fiduciary relationship involved.
Sales entered into in disregard of the prohibition are voidable
REDUCTION OF INHERITANCE
Donations given to children shall be charged to their legitime
A person cannot give by donation more than he can give by Will
Donations are respected as long as the legitime can be covered
ON HIDDEN TREASURES
Hidden treasure is any hidden and unknown deposit of money, jewelry, or other precious objects, the lawful ownership of which does not appear
The finder may be entitled to a part of the hidden treasure
The State may acquire the hidden treasure after payment of its just price
WHAT IS OWNERSHIP?
Ownership is an independent and general right of a person to control a thing
Ownership may be exercised over things or rights
The owner of a thing cannot make use of the same in such manner as to injure the rights of another person