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Peter, Paul, and Mary then negotiated and endorsed the warehouse receipts to Cyrus, Magnus, and Charles upon payment by the latter of valuable consideration for the warehouse receipts. Cyrus, Magnus, and Charles were not aware of, nor were they parties to any irregularity or infirmity affecting the title or the face of the warehouse receipts. On due dates of the warehouse receipes, Cyrus, Magnus, and Charles demanded that Safe surrender the goods to them.
Cyrus, Magnus, and Charles refused to pay, and insisted that such claim was the liability of Peter, Paul, and Mary. DRI was engaged in realty development. Matteo was also the President and Chairman of the Board of Directors. Meantime, DRI, facing inability to pay its liabilities as they fall due but still holding substantial assets, filed a petition for voluntary rehabilitation. The trial court also happened to be the rehabilitation court.
The writ of execution was issued. Sid used to be the majority stockholder and President of Excellent Corporation Excellent. Meridiana local conglomerate, took over control and ownership of Excellent, it brought along its team of officers. Sid thus became a minority stockholder and a minority member of the Board of Directors. Ultimately, Sid demanded the inspection of the books and other corporate records of Excellent. The management refused to comply, saying that his right as a minority stockholder has been much reduced.
State under what conditions may Sid properly assert his right to inspect the books and other corporate records of Excellent. During the pendency of the cases, Parisian filed a petition for rehabilitation. The court, finding the petition to be sufficient in form and substance, issued a commencement order together with a stay or suspension order. Citing the commencement order, Procopio and the other officers facing the criminal charges moved to suspend the proceedings in the estafa cases.
What is a commencement order, and what is the effect of its issuance? State the exceptions to the Nell Doctrine. Santorini Corporation Santorini was in dire straits. In order to firm up its financial standing, it agreed to entertain the merger and takeover offer of Proficient Corporation Proficientthe leading company in their line of business. Erica, the major stockholder of Santorini, strongly opposed the merger and takeover. The Board of Directors approved the merger and takeover.
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At the time of the meeting, Santorini had been in the red for a number of years owing to its recurring business losses and reverses. Erica seeks your legal advice regarding her right as a stockholder opposed to the corporate action. His brother, Othello, owned a big fishing business based in Malabon. Othello applied for a loan of P50 million with Lucky. Othello followed the ordinary banking procedures in all the stages of the processing of his application. When required, he made the necessary arrangements to guarantee the loan.
Thus, in addition to the real estate mortgage, Othello executed a joint and solidary suretyship, issued postdated checks, and submitted all other requirements prescribed by Lucky. When the loan application was about to be approved and the proceeds released, BG Company, a keen competitor of Othello in the fishing industry, wrote to the Board of Directors and the management of Lucky questioning the loan on the ground of conflict of interest due to Samito and Othello being brothers, citing the legal restriction against bank exposure of directors, officers, stockholders or their related interests.
Hortencio owned a modest grocery business in Laguna. Because of the economic downturn, he incurred huge financial liabilities. His main creditor was Puresilver Company Puresilverthe principal supplier of the merchandise sold in his store. Nonetheless, Hortencio, while generally in the black, now faces a situation where he is unable to pay his liabilities as they fall due in the ordinary course of business.
What will you advise him to do to resolve his dire financial condition? Wyatt, an internet entrepreneur, engaged in a sideline business of creating computer programs for selected clients on a per project basis and for servicing basic computer problems of his friends and family members. His main job was being an IT consultant at Futurex Co.
Because of his ill-advised investments in the stock market and the fraud perpetrated against him by his trusted confidante, Wyatt was already drowning in debt, that is, he had far more liabilities than his entire assets.
What legal recourse remained available to Wyatt? Virtucio was a composer of Ilocano songs who has been quite popular in the Ilocos Region.
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Pascuala is a professor of music in a local university with special focus on indigenous music. When she heard the musical works of Virtucio, she purchased a CD of his works. She copied thte CD and sent the second copy to her Music class with instructions for the class to listen to the CD and analyze the works of Virtucio.
Being the sole manufacturer, Super Biology sold the medicine at an exorbitant price.
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Super Biology, citing the huge costs and expenses incurred for research and development, refused. Assuming you are asked your opinion as the legal consultant of DOH, discuss how you will resolve the matter.
Flora, a frequent traveller, found a purse concealed between the cushions of a large sofa inside the VIP lounge in NAIA while she was waiting for her flight to be called. Inside the purse was a very valuable diamond-studded necklace. She decided not to turn over the purse to the airport management, and instead to keep it.Lito Lapid walang paki sa anak nito na si Ysabel Ortega
She is known as Philippine cinemas Superstar and is regarded as the Peoples National Artist, the Hollywood reporter magazine, called her The Grand Dame of Philippine Cinema for her brilliant performance in the movie Taklub.
Aunor started her career in the Philippine entertainment industry as a singer after she won a singing contest. InAunor received the Centennial Honor for the Arts awarded by the Cultural Center of the Philippines and she was the only film actress included in the list of awardees.
She has nine siblings, including Eddie Villamayor, a former actor, when Nora was growing up, her grandmother taught her to sing, the first song she learned was The Way of a Clown. An aunt taught her diction, interpretation and expression while singing and took her under their custody, Nora became a champion at the Darigold Jamboree singing contest singing her winning piece You and the Night and the Music.
After that she won another singing contest, The Liberty Big Show, Nora entered the national singing contest, Tawag ng Tanghalan, where she was defeated on her first try and became a champion on her second. Aunor was married to award-winning actor Christopher de Leon on Jan,25, in a civil ceremony. The couple separated, and their marriage was dissolved inAunor became a permanent resident of the United States inbut retains her Philippine citizenship 3.
He is the mayor of Quezon City, having won in a landslide in May and he won a landslide in his vice-mayoral reelection bid. He has been mayor of Quezon City, serving under then-Mayor. After his first term, he ran for mayor inbut lost to then-Mayor Ismael Mathay, Jr. Bautista returned to politics when he was elected as the City Vice Mayor thrice in , and One of the officials of the country, who has had a long and fruitful experience in government.
His running mate was Joy Belmonte, daughter of outgoing mayor Sonny Belmonte and she was also successful in the vice mayoral race. Their oath with the elder Belmonte as congressman and the city councilors was administered by Chief Justice Renato Corona and he reported to the st Division, PA and was given the designation of Brigade Sergeant Major of the newly formed Light Armor Brigade.
He applied for a commission when he was Vice-mayor of Quezon City and was commissioned with the rank of Army Captain and he is the Commanding Officer of the nd Infantry Brigade which is a component of the 15th Infantry Division, Army Reserve Command. Child actor — Closely associated is teenage actor or teen actor, an actor who reached popularity as a teenager. Many child actors find themselves struggling to adapt as they become adults, in the United States, the activities of child actors are regulated by the governing labor union, if any, and state and federal laws.
Some projects film in remote locations specifically to evade regulations intended to protect the child, longer work hours or risky stunts prohibited in California, for example, might be permitted to a project filming in British Columbia.
US federal law specifically exempted minors working the Entertainment Business from all provisions of the Child Labor Laws, any regulation of child actors is governed by disparate state law. Due to the presence of the entertainment industry in California. Being a minor, an actor must secure an entertainment work permit before accepting any paid performing work.
Many child actors never got to see the money they earned because they were not in charge of this money, jackie Coogan earned millions of dollars from working as a child actor only to see most of it squandered by his parents. InCalifornia weighed in on this controversy and enacted the Coogan Law which requires a portion of the earnings of a child to be preserved in a savings account called a blocked trust. Some people also criticize the parents of actors for allowing their children to work.
The child actor may experience unique and negative pressures when working under tight production schedules, large projects which depend for their success on the ability of the child to deliver an effective performance add to the pressure.
Many actors careers are short-lived and this is true of child actors. Jenny Lewis, formerly of Troop Beverly Hills, is a indie rock musician. In many cases, the failure to retain stardom and success and exposure at a young age has caused many child actors to lead adult lives plagued by troubles, bankruptcy. Examples include the cast members of the American sitcom Diffrent Strokes, which starred child actors Todd Bridges, Gary Coleman, Plato went on to pose for Playboy magazine and was featured in several softcore pornography films.
Morissette Amon — Johanne Morissette Daug Amon, better known by her stage name, Morissette, is a Filipina singer and occasional actress. She first rose to prominence when she finished runner-up on TV5s Star Factor at the age of 14, inAmon made her professional stage debut in the Repertory Philippines production of Disneys Camp Rock.
She bagged the Female Artist of the Year on M. R, Pinoy Music Awards in August She had her first major concert, which sold out. Her family has always been music, or musically inclined. Her father is a rocker, and his favorite singer was Alanis Morissette and she was 3 years old when her family discovered her talent in singing.
When she was alone with a karaoke machine, she sang the Regine Velasquez song.