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When may rank-and-file employees be terminated from employment on the basis of loss of trust and confidence?

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Loss of trust and confidence is a just cause to terminate either managerial employees or rank-and-file employees who regularly handle large amounts of money or property in the regular exercise of their functions.

 

 

Malcaba vs. Prohealth Pharma Philippines, Inc., G.R. No. 209085, June 06, 2018 , [864 SCRA 518]

 

 

 

 

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When can a Local Government Unit increase the tax rates under the Local Government Code?

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 The option to increase the tax rates under the Local Government Code arises every 5 years reckoned from the enactment of the ordinance sought to be adjusted.

 

 

De Lima vs. City of Manila, G.R. No. 222886, October 17, 2018, [883 SCRA 618]

 

 

 

 

 

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What is the so-called escalation clause?

 

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The agreement between the parties on the imposition of increasing interest rates on the loan is commonly known as the escalation clause.

 

Villa Crista Monte Realty & Development Corporation vs. Equitable PCI Bank (now known as Banco De Oro Unibank, Inc.,)G.R. No. 208336, November 21, 2018, [886 SCRA 330]

 

 

 

 

 

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Is loan a reciprocal obligation?

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Loan is a reciprocal obligation, as it arises from the same cause where one party is the creditor and the other the debtor.

 

Ong vs. BPI Family Savings Bank,, Inc., G.R. No. 20863, January 24, 2018, [852 SCRA 614]