The collection case instituted by creditor against the principal debtor and its surety may proceed despite a stay order...
In the sale of shares of stock, physical delivery of a stock certificate is one of the essential requisites for the transfer of ownership of the stocks purchased...
For VAT purposes, the gross receipts of an HMO do not include the amounts earmarked and actually spent for medical utilization of its members...
The Supreme Court laid down in Saluday vs. People the guidelines in the conduct of bus searches. Whenever compliant with these guidelines, a routine inspection at the terminal or of the vehicle itself while in transit constitutes a reasonable search...
A One Person Corporation is a corporation with a single stockholder, who can only be a natural person, trust or estate...
As a measure of simple justice and ordinary fairness to them, therefore, reckoning just compensation on the value at the time the owners commenced these inverse condemnation proceedings is entirely warranted...
The amount of the consequential damages representing loss of the victim’s earning capacity is subject to tax since such damages are merely replacement of income which would have been subjected to tax if earned...
The quarterly tax payments are advance payments of the tax due on the entire taxable income of that particular taxable year. Thus, these quarterly tax payments are deducted from the total tax due for the entire year as indicated in the final adjustment return...
An inspection of a public transport bus is a reasonable search, which is beyond the ambit of the constitutional protection...
Both the Securities Regulation Code and the Revised Corporation Code require the election of independent directors in specified instances...
It is imperative to determine the location of the property in order to identify who between the local government units involved has the authority to collect real property tax...
The Nell Doctrine states the general rule that the transfer of all the assets of a corporation to another shall not render the latter liable to the liabilities of the transferor...
The employment contracts are deemed to subsist and continue by the combined operation of the Corporation Code and the Labor Code under the backdrop of the labor and social justice provisions of the Constitution...
Even before the settlement of the estate, an heir may file an action for reconveyance of possession as a co-owner thereof, provided that such heir recognizes and acknowledges the other co-heirs as co-owners of the property...
All Covered Institutions are required to implement a 30-day grace period for all loans with principal and/or interest falling due within the Enhanced Community Quarantine Period (ECQ Period) without incurring interest on interest, penalties, fees and other charges...
The purpose of the business-enterprise transfer is to protect the creditors of the business by allowing them a remedy against the new owner...
The time during which the corporation, through its own officers, may conduct the liquidation of its assets and sue and be sued as a corporation is limited to three years from the time the period of dissolution commences...
Until and unless the transfer of the shares of stock is duly recorded in the stock and transfer book of the corporation, it is not binding upon the corporation.