Double insurance exists when the same person is insured by several insurers separately in respect to the same subject and interest. (Sec. 95, Amended Insurance Code of the Philippines)
There is over insurance if the insured takes out an insurance over the property insured in an amount which is in excess of the value of his insurable interest. (Aquino, Essentials of Insurance, 2018, p. 283)
On April 1, 2016, petitioner Paolo Landayan Aragones (Aragones) was offered the position Swine Technical Manager – Pacific (STMP) by respondent Alltech Biotechnology Corporation (Alltech). On April 18, 2016, Aragones signed the Offer Letter dated April 1, 2016.
The Offer Letter outlines the terms and conditions for the position, including the commencement date of his employment which is July 1, 2016.
Foreign investment shall mean an equity investment made by a non-Philippine national in the form of foreign exchange and/or other assets actually transferred to the Philippines and duly registered with the Central Bank which shall assess and appraise the value of such assets other than foreign exchange.
The nationality of a corporation is determined by law and not by the corporation and/or its subsidiaries. It is the test or tests, as provided by law, that should prevail in determining the nationality of a corporation, and not its representations and/or those of its subsidiaries. (SEC-OGC Opinion No. 11-42 dated October 12, 2011)
Taxes cannot be the subject of compensation because the government and taxpayer are not mutually creditors and debtors of each other and a claim for taxes is not such a debt, demand, contract or judgment as is allowed to be set-off.
Republic Act No. 11659 or An Act Amending Commonwealth Act No. 146, otherwise known as the Public Service Act, as amended, was signed into law on March 21, 2022. One of the notable features of this law is the inclusion of a definition for “Public Utility”, a term that was undefined in both the 1987 Constitution and the old Public Service Act.
Every corporation incorporated under the Revised Corporation Code (RCC) has the power and capacity to adopt bylaws, not contrary to law, morals or public policy, and to amend or repeal the same. The RCC provides the voting requirements for the adoption, amendment, and repeal of bylaws.
Every corporation incorporated under the Revised Corporation Code (RCC) has the power and capacity to adopt bylaws, not contrary to law, morals or public policy, and to amend or repeal the same. The RCC provides the voting requirements for the adoption, amendment, and repeal of bylaws.
The instant case stemmed from the Petition filed by Linney seeking the declaration of nullity of her marriage with Ramer before the trial court, invoking psychological incapacity under Article 36 of the Family Code.
Section 1 of the Batas Pambansa Blg. 22 states that, where the check is drawn by a corporation, company or entity, the person or persons who actually signed the check in behalf of the drawer shall be liable.
