Case Digest: RYUICHI YAMAMOTO v. NISHINO LEATHER INDUSTRIES, INC. and IKUO NISHINO 551 SCRA 447 (2008)
RYUICHI YAMAMOTO v. NISHINO LEATHER INDUSTRIES, INC. and IKUO NISHINO 551 SCRA 447 (2008) To disregard the separate juridical personality of a corporation, the wrongdoing or unjust act in contravention of a plaintiff’s legal rights must be clearly and convincingly established. Also, without acceptance, a mere offer produces no obligation. Ryuichi Yamamoto and Ikuo Nishino […]
Case Digest: REPUBLIC OF THE PHILIPPINES v. INSTITUTE FOR SOCIAL CONCERN, et al . 449 SCRA 512 (2005)
REPUBLIC OF THE PHILIPPINES v. INSTITUTE FOR SOCIAL CONCERN, et al . 449 SCRA 512 (2005) The veil of corporate fiction may be disregarded only upon showing that it is used to perpetrate fraud. On September 28, 1989, the Government of the Republic of the Philippines, through the Office of the President (the Republic), and […]
Case Digest: PHILIPPINE COMMERCIAL AND INTERNATIONAL BANK (now BANCO DE ORO-EPCI, INC.) v. DENNIS CUSTODIO, et al. 545 SCRA 367 (2008)
PHILIPPINE COMMERCIAL AND INTERNATIONAL BANK (now BANCO DE ORO-EPCI, INC.) v. DENNIS CUSTODIO, et al. 545 SCRA 367 (2008) A corporation has personality separate and district from those who compose it. Rolando Francisco (Francisco) and his wife, on behalf of Traders Group Corporation (ROL-ED), entered into a Foreign Bills Purchase Line Agreement (FBPLA) with the […]
Case Digest: WESTMONT BANK v. INLAND CONSTRUCTION AND DEVELOPMENT CORP. 582 SCRA 230 (2009)
WESTMONT BANK v. INLAND CONSTRUCTION AND DEVELOPMENT CORP. 582 SCRA 230 (2009) If a corporation, however, consciously lets one of its officers, or any other agent, to act within the scope of an apparent authority, it will be estopped from denying such officer’s authority. Respondent Inland Construction and Development Corp. (Inland) obtained various loans from […]
Case Digest: SMITH KLINE BECKMAN CORPORATION v. COURT OF APPEALS, et al. 409 SCRA 33 (2003)
SMITH KLINE BECKMAN CORPORATION v. COURT OF APPEALS, et al. 409 SCRA 33 (2003) When the language of its claims is clear and distinct, the patentee is bound thereby and may not claim anything beyond them. Petitioner Smith Kline Beckman Corporation (SKBC) was granted by the Philippine Patent Office Letters Patent No. 14561 over an […]
Case Digest: CENTRAL BANK OF THE PHILIPPINES v. CITYTRUST BANKING CORPORATION 578 SCRA 27 (2009)
CENTRAL BANK OF THE PHILIPPINES v. CITYTRUST BANKING CORPORATION 578 SCRA 27 (2009) If the plaintiff’s negligence was only contributory, the immediate and proximate cause of the injury being the defendant’s lack of due care, the plaintiff may recover damages, but the courts shall mitigate the damages to be awarded. The Citytrust Banking Corporation (Citytrust) […]
Case Digest: REPUBLIC OF THE PHILIPPINES v. SANDIGANBAYAN et al . 402 SCRA 84(2003)
REPUBLIC OF THE PHILIPPINES v. SANDIGANBAYAN et al . 402 SCRA 84(2003) The PCGG cannot vote sequestered shares to elect the ETPI Board of Directors or to amend the Articles of Incorporation for the purpose of increasing the authorized capital stock unless there is a prima facie evidence showing that said shares are ill-gotten and […]
Case Digest: INTERNATIONAL EXCHANGE BANK v . COMMISSIONER OF INTERNAL REVENUE
INTERNATIONAL EXCHANGE BANK v . COMMISSIONER OF INTERNAL REVENUE To claim that time deposits evidenced by passbooks should not be subject to documentary stamp tax is a clear evasion of the rule on equality and uniformity in taxation that requires the imposition of documentary stamp tax on documents evidencing transactions of the same kind, in […]
Case Digest: COMMISSIONER OF INTERAL REVENUE v. MANILA ELECTRIC COMPANY
COMMISSIONER OF INTERAL REVENUE v. MANILA ELECTRIC COMPANY The factual findings of the Court of Tax Appeals, when supported by substantial evidence, will not be disturbed on appeal, unless it is shown that it committed gross error in the appreciation of facts, which did not happen in this case. Manila Electric Company (Meralco) filed its […]
Case Digest: COMMISSIONER OF INTERNAL REVENUE v . PHILIPPINE GLOBAL COMMUNICATIONS, INC. 499 SCRA 53 (2006)
COMMISSIONER OF INTERNAL REVENUE v . PHILIPPINE GLOBAL COMMUNICATIONS, INC. The wordings of the Temporary Restraining Order suspended the implementation of the E-VAT law in its entirety, but not the collection of 10% VAT on service under the National Internal Revenue Code. By reason of a legislative franchise, Respondent Philippine Global Communications, Inc. (PGCI) constructs, […]
