Tag: corporation

— Mercantile Law —

53 FREQUENTLY ASKED PROVISIONS OF THE CORPORATION CODE

December 4, 2017

53 FREQUENTLY ASKED IN CORPO CODE    53 FREQUENTLY ASKED PROVISIONS OF THE CORPORATION CODE Section 2. Corporation defined. – A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence. Section 43. Power to declare… Read More 53 FREQUENTLY ASKED PROVISIONS OF THE CORPORATION CODE

— Mercantile Law —

CAGAYAN FISHING DEVELOPMENT CO., INC., vs.TEODORO SANDIKO G.R. No. 43350 December 23, 1937 Corporation, Incorporation, Promoters of Corporation

October 14, 2017

FACTS: Manuel Tabora is the registered owner of four parcels of land  and he wanted to build a Fishery. He loaned from PNB P8,000 and to guarantee the payment of the loan, he mortgaged the said parcels of land. Three subsequent mortgages were executed in favor of the same bank and to Severina Buzon, whom Tabora… Read More CAGAYAN FISHING DEVELOPMENT CO., INC., vs.TEODORO SANDIKO G.R. No. 43350 December 23, 1937 Corporation, Incorporation, Promoters of Corporation