Under the Anti-Age Discrimination in Employment Act, it shall be unlawful for an employer to decline any employment application because of the individual’s age nor discriminate against such individuals in terms of compensation, terms and conditions or privileges of employment

Section 72 of the Revised Corporation Code (RCC) provides for the procedure that a corporation must follow in issuing new certificates of stock in lieu of those which have been lost, stolen or destroyed.

Ownership may be acquired by donation, succession, tradition or prescription. (Article 712, Civil Code of the Philippines)

April 22nd of every year is declared as “Philippines’ Earth Day” by virtue of Proclamation No. 1481, series of 2008.

A corporation is not as a rule entitled to moral damages because, not being a natural person, it cannot experience physical suffering or such sentiments as wounded feelings, serious anxiety, mental anguish and moral shock.

Hazard pay is an additional compensation for performing hazardous duties and for enduring physical hardships in the course of performance of duties.

Unlike in an ordinary sale, inadequacy of the price at a forced sale is immaterial and does not nullify a sale since, in a forced sale, a low price is more beneficial to the mortgage debtor for it makes redemption of the property easier. 

An independent director is a person who apart from shareholdings and fees received from any business or other relationship which could, or could reasonable be received to materially interfere with the exercise of independent judgment in carrying out the responsibilities as a director.

Special Leave Benefit under Republic Act No. 9710 (The Magna Carta of Women) is granted to a female employee who has undergone surgery due to a gynecological disorder. The SSS sickness benefit is given by the SSS in accordance with Republic Act No. 11199 (Social Security Act of 2018).

In case of declaration of treasury shares as property dividends, the corporation can only do so if the amount of the retained earnings previously used to support their acquisition has not been subsequently impaired by losses.