• A corporation may be dissolved by the Securities and Exchange Commission

• A corporation may be dissolved when it subsequently becomes inoperative

• The assets of a dissolved corporation may be forfeited in favor of the government

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• It is the policy of the State to foster the development of the credit card industry as in indispensable tool in making consumer credit readily available to all Filipinos

• Credit card refers to any card or other credit device intended for the purpose of obtaining money, property, or services on credit

• Credit card issuer refers to a bank or a corporation that offers the use of its credit card

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• The State reiterates the recognition of legal forms of gambling including offshore online gaming

• A gaming tax shall be collected from offshore gaming licensees

• A portion of the gaming tax collected from offshore gaming licensees shall be for the implementation of the Universal Health Care Act

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• Resignation is a formal pronouncement or relinquishment of an office

• The acts of the employee before and after the alleged resignation must be considered in determining whether he, in fact, intended to terminate his employment

• There can be no constructive dismissal when there is voluntary resignation

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