experience‚ and service records‚ thus‚ to attribute negative effect in accordance of this. Article 2180 of the Civil Code‚ the obligation imposed by Article 2176 is demandable not only for one’s own acts or omissions‚ but also for those persons for whom one is responsible. Employers shall be liable for the damages caused by their
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♥ ILOVEYOU ♥ Oria Vs McMicking Source: www.lawphil.net Art. 1387. All contracts by virtue of which the debtor alienates property by gratuitous title are presumed to have been entered into in fraud of creditors‚ when the donor did not reserve sufficient property to pay all debts contracted before the donation. FACTS Gutierrez Hermanos filed an action for recovery of a sum of money against Oria Hermanos & Co. and herein plaintiff filed an action for recovery also for the same defendant
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Sheet; h. Leveraging by borrowing to acquire more assets is one way to increase ROE. One benefit with leveraging is that‚ it reduces the corporate income tax liability of CPK‚ which had been almost $10 million in 2006. 2. Using the scenarios in case Exhibit 9‚ what role does leverage play in affecting the return on equity (ROE) for CPK? The operating leverage effect on ROE is percentage change of EBIT is more than percentage change in Sale. If percentage change of EBIT is more than the percentage
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Salazar‚ Kristine Kim B. 4-DLM 1. Arturo Tolentino vs Secretary of Finance FACTS: Tolentino et al is questioning the constitutionality of RA 7716 otherwise known as the Expanded Value Added Tax (EVAT) Law. Tolentino averred that this revenue bill did not exclusively originate from the House of Representatives as required by Section 24‚ Article 6 of the Constitution. Even though RA 7716 originated as HB 11197 and that it passed the 3 readings in the HoR‚ the same did not complete the 3 readings
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Chapter 1 Obligation – it is a tie or bond recognized by law by virtue of which one is bound in favour of another to render something. Juridical necessity – in case of non-compliance‚ the courts of justice may be called upon by the aggrieved party to enforce its fulfilment or‚ in default thereof‚ the economic value that it represents. Civil obligations – are obligations which give to the creditor or obligee a right under the law to enforce their performance in courts of justice. Natural obligations
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manila is conjugal property of the parties and that the petitioner ordered to render an accounting of that business and that the private respondent be declared with a rights to manage the conjugal property. Petitioner moved to dismiss the case on the ground that the case of the action is barred of the judgment in the divorce proceeding in the Nevada court where the respondent had acknowledged that he and petitioner had no “common property” as June 11‚ 1982. Issue: Whether there is an effect of the
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2007 Facts: On February 3‚ 2006 petitioner‚ the duly elected Mayor of San Francisco‚ Agusan Del Sur‚ filed a Motion for Reconsideration of the invalidation of the approval of the temporary appointment of Daligdig with the CSC-CARAGA‚ where the case contains the following relevant portions: a) On July 5‚ 2005 Mayor Lademora appointed‚ Gil A. Daligdig as Municipal Government Department Head I‚ under temporary status‚ of the Municipality of San Francisco‚ Agusan Del Sur. On the following
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Reader´s Club An editorial company that sells books‚ is in an expansion period and the management has decided to carry out a Management Control to find improvement opportunities. One of the areas to review is the efficiency of the sales department‚ which includes the selling expense control. The controller has collected the following information: Activities and lines of product Books are sold on a door to door basis by the personnel in the selling department. Once the orders are placed‚ they
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Palmas Case (US v. Netherlands) Permanent Court of Arbitration (1928) 2 U.N. Rep. Int’l Arbitral Awards 829 Facts The Island of Palmas is about halfway between the Philippines (formerly under Spanish control) and the Nanusa Island group (formerly of the Dutch East Indies class). In the Treaty of Paris (1898)‚ the island lied within the boundaries of the Philippines ceded by Spain to the US. Arguments US: As the successor of Spain‚ who was the first to discover the island‚ the US has
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Cyruz P. Tuppal 2011-0134 Case Title: STARLITE VS NLRC G.R. No.: G.R. No. 78491 Date: March 16‚ 1989 Petitioner: Starlite Plastic Industrial Corporation Respondent: National Labor Relations Commission and Edgar Gomez Ponente: J. Cortes Facts: Private respondent GOMEZ was employed as a factory worker by STARLITE sometime in March 1981. On 22 June 1984‚ STARLITE dismissed him on the ground that he was caught attempting to steal one ballast costing P80.00. STARLITE reported
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