Corporation Digested Cases 1-18

8/9/2019 Corporation Digested Cases 1-18

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CASE #1[G.R. No. 142936. April 17, 2002]PHILIPPINE NATIONAL BANK NATIONAL !"GAR #E$ELOP%ENT &ORPORATION,p'(i(io)'r*, +*. AN#RA#A ELE&TRI& ENGINEERING &O%PAN, r'*po)-')(.

FACTSNature of Business of Respondents and Defendants

Pilippi)' N/(io)/l B/) PNB, i* / *'i5o+'r)')( orpor/(io) -l8 or5/)i'-,':i*(i)5 /)- op'r/(i)5 )-'r (' l/;* o< (' Pilippi)'*, ;i( o=' /)- pri)ip/l pl/' o*i)'** /( E*ol(/ !(r''(, !(/. &r, %/)il/.

NA!"#E&O N/(io)/l !5/r #'+'lop')( &orpor/(io) i* / *'i5o+'r)')(orpor/(io) /)- (' *5/r /r o< (' PNB, ;i( o=' /( !/p/5i(/ Bil-i)5, &>/o,?'o) &i(8.

PA!"%IL P/p/)5/ !5/r %ill i* / orpor/(io) or5/)i'-, ':i*(i)5 /)- op'r/(i)5)-'r (' 197@ l/;* o< (' Pilippi)'* ;i( i(* o=' /( #'l &/r'), lori-/>l/)/,P/p/)5/.

A)-r/-/ El'(ri E)5i)''ri)5 &op/)8 i* / p/r()'r*ip -l8 or5/)i'-, ':i*(i)5,/)- op'r/(i)5 )-'r (' l/;* o< (' Pilippi)'* ;i( i(* o=' /( #'l %o)(' A+')',?'o) &i(8. I( i* ')5/5'- i) (' >*i)'** o< 5')'r/l o)*(r(io) il-i)5*.

Transactions and ContractsPrior (o O(o>'r 29, 1971, PA!"%IL ')5/5'- (' *'r+i'* o< A)-r/-/ El'(ri

E)5i)''ri)5 &op/)8 8 (' PA!"%IL, l'/+i)5 *'+'r/l )p/i- /o)(* ;i( (' A)-r/-/ El'(ri.

O) O(o>'r 29, 1971, A)-r/-/ El'(ri /)- PA!"%IL ')('r'- i)(o / o)(r/(. O( o/l/)', /* o< )' 27, 1973, /o)(i)5 (o P@27,263.D0.

O( o< */i- )p/i- >/l/)' o< P@27,263.D0, PA!"%IL /-' / p/r(i/l p/8')( (oA)-r/-/ El'(ri o< P14,000.00, i) >ro') /o)(*, o+'ri)5 (' p'rio- '*o5( (i* o=i/l (o p/8 (' o(*(/)-i)5o>li5/(io) o< (' PA!"%IL, i)/* /* -'l' o>li5/(io)*, pl/i)(iC *C'r'- /(/l -//5'* i) (' (o(/l /o)(o< P@13,263.D0 pl* i)('r'*( /)- /((or)'8J*


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T/( (' opl/i)( -o'* )o( *(/(' / *=i')( /*' o< /(io) /5/i)*( (' -'* >'i)5 *'- po) >8(' pl/i)(iC )-'r (' pr'*')( opl/i)(> (' (/i)5 o+'r >8 NA!"#E&O o< (' /**'(* o< -'ili(i'*;'r' o)'r)'- ;/* '8 (' PNB 8 #BP *ol-,(r/)*o+' R'-'p(io) A5r''')(.J

[7] (/( /* / o)*'F')' o< (' */i- #''- o< A**i5)')(, PNB o) O(o>'r 21, 197@'/*'- (o /)/5'- /)- op'r/(' (' />o+'')(io)'- /**'(* o< PA!"%IL, ;i 8 Roli !. Ar/)5o('


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[9] (/(, /( o*(, ;/( ;/* 5r/)('- (o PNB i) (i* r'*p'( ;/* (' /(ori(8 (o /' /*(-8 o< /)- *>i( r'o')-/(io) o) (' pro>l'* o)'r)i)5 (' l/i* o< PA!"%ILr'-i(or*,J )-'r *>p/r. @ LOI No. 311.

RTC Decision

R'5io)/l Tri/l &or( r')-'r'- -5')( i) 'r 19, 1960, (' +' *(ool-'r* o< (' . G/)o) /)- !o)*, I).

':'('- / 'r(i/(' o< liFi-/(io) o< (' /**'(* o< (' orpor/(io) r'i(i)5, /o)5 o('r(i)5*, (/( >8 +ir(' o< / r'*ol(io) o< (' *(ool-'r* /-op('- o) !'p('>'r 17, 1960,-i**ol+i)5 (' orpor/(io), ('8 /+' -i*(ri>('- /o)5 ('*'l+'* i) propor(io) (o ('ir*/r'ol-i)5*, /* liFi-/(i)5 -i+i-')-*, (' /**'(* o< */i- orpor/(io), i)l-i)5 r'/lprop'r(i'* lo/('- i) %/)il/.

Certi+cate of &i,uidation resented to Register of DeedsT' 'r(i/(' o< liFi-/(io), ;') pr'*')('- (o (' R'5i*('r o< #''-* o< %/)il/,

;/* -')i'- r'5i*(r/(io) o) *'+') 5ro)-*, o< ;i (' 'r o< p/r'l* )o( 'r(i'- (o i) (' /)o;l'-5')(@. P430.@0 R'5. ' p/i-

6. P940.4@ -o')(/r8 *(/p* )''- >' /((/'- (o (' -o')(7. T' -5')( o< (' &or( /ppro+i)5 (' -i**ol(io) /)- -ir'(i)5 (' -i*po*i(io) o8 (' &oi**io)'r o< L/)- R'5i*(r/(io), (' propri'(8 or

ipropri'(8 o< (' (r'' 5ro)-* o) ;i (' -')i/l o< (' r'5i*(r/(io) o< (' 'r(i/(' o


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liFi-/(io) ;/* pr'-i/('- i)5'* o) ;'('r or )o( (/( 'r(i/(' 'r'l8 i)+ol+'* /-i*(ri>(io) o< (' orpor/(io) /**'(* or *ol- >' o)*i-'r'- / (r/)*('-/or-i)5 (o l/; /)- 'Fi(8, >( i(* ol-'r i* )o( (' o;)'r o< /)8 p/r( o< (' /pi(/l o< ('orpor/(io). Nor i* ' ')(i(l'- (o (' po**'**io) o< /)8 -')i(' por(io) o< i(* prop'r(8 or/**'(*. T' *(ool-'r i* )o( / oo;)'r or (')/)( i) oo) o< (' orpor/(' prop'r(8.

!i)' (' prpo*' o< (' liFi-/(io), /* ;'ll /* (' -i*(ri>(io) o< (' /**'(* o< ('orpor/(io), i* (o (r/)*//l'r/ I)*r/)' &op/)8 TI&O, ir*(L'p/)(oT/i*o I)*r/)' &orpor/(io) ir*( L'p/)(o, EFi(/>l' I)*r/)' &orpor/(io)EFi(/>l' I)*r/)', /)- R'li/)' I)*r/)' &orpor/(io) R'li/)' I)*r/)'. E:'p(l' (o EFi(/>l' B/)i)5 &orpor/(io)Gr'')ill*Br/), /* ('ir i)('r'*( /8 /pp'/r *>'( (o (' ('r*, o)-i(io)*, l/*'* /)-;/rr/)(i'* )-'r (i* poli8.

O) A5*( 1, 199D, / r' 5(('- L/+i)'Q* >il-i)5* /)- ('ir o)(')(* (* l/i*;'r' /-' /5/i)*( (' polii'*. A* 8 (' O=' o< (' I)*r/)' &oi**io), ('

i)*r/)' pro''-* p/8/>l' (o L/+i)' i* P112,24@,324.34.

nsurance ClaimL/+i)' ;/* (') r'pr'*')('- >8 H/ri* &. R/)/)i H/ri* >( i* /(ori(8 ;/*

;i(-r/;) o) %/r 17, 2000 >8 (' Bo/r- o< #ir'(or*. &/)-r &. R/)/)i &/)-r;/* /ppoi)('- i) i* *('/- /)- ;/* -'*i5)/('-, (o5'('r ;i( A((8. %/rio A. A5i)/l-o, /*L/+i)'Q* r'pr'*')(/(i+'* i) )'5o(i/(i)5 ;i( (' i)*r/)' op/)i'*.

Prior (o (' r'l'/*' o< (' pro''-*, (' i)*r/)' op/)i'* r'Fir'- L/+i)' (o*i5) / Sworn Statement in Proof of Loss and Subrogation Agreement[2];'r'>8 (' 8 Roli !. Ar/)5o('


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;ol- >' />*ol+'- l' B/).O)l8 H/ri* *i5)'- (' -o')( ;il' (' r'*( o< L/+i)'Q* -ir'(or* r'l' B/).H/ri*, o*' . %/)/op, &/)-r P. P'**/l, %/r'') %. R/)/)i /)- !/l+/-or

&or(', o+'- (o i)('r+')' l/ii)5 ('8 ;'r' L/+i)'Q* i)>')( -ir'(or* /)- (/(H/ri* ;/* L/+i)'Q* /(ori'- r'pr'*')(/(i+'. T'8 -i*l/i'- &/)-rQ* -'*i5)/(io) /*pr'*i-')( o< L/+i)' /* ;'ll /* i* /)- A((8. A5i)/l-oQ* /(ori(8 (o l' (' /(io).

$otion for nter-ention 'ranted /0 RTCO) '>r/r8 14, 2001, (' (ri/l or( 5r/)('- (' o(io) l' I)*r/)' /)- R'li/)'I)*r/)' /+' /lr'/-8 p/i- (' >/) or' (/) (i* /o)(, r'*po)-')( i)*r/)'op/)i'* *ol- >' or-'r'- (o i'-i/('l8 -'li+'r (o L/+i)' (' r'/i)i)5 i)*r/)'pro''-* (ro5 (' i)('r+')or* /)- (o p/8 i)('r'*(* ('r'o) i**io)o< proo< o< lo**.

Ri/l !r'(8 *(/('- i(* ;illi)5)'** (o p/8 (' i)*r/)' pro''-* >( o)l8 (o ('ri5(l' B/) /* r'l'/*'- *o'p/8')( (o EFi(/>l' B/) >( ;i('l- p/8i)5 (' >/l/)' )(il (' ri5('') -'('ri)'-.

O) April 2, 2002, (' (ri/l or( r')-'r'- / -'i*io) i) l' B/) (o r'l' B/) /5/i)*( i)('r+')or* /)- ro**l/i* l'- >8/ll i)*r/)' op/)i'* /5/i)*( i)('r+')or* /)- o)('rl/i* /r' 'r'>8 #I!%I!!E# ri) o< i)*ol+')8 > L/+i)' ;/* i) ii)')(-/)5'r o< ':(i)(io) /)- /)8 /pp'/l ' 'r'l8-il/(or8.

-5' L/+i/ 5r/)('- i)('r+')or*Q o(io) l' B/)

l'- /) A')-'- /)-or !ppl'')(/l P'(i(io) 8 r')-'r'-1 !ETTING A!I#E (' -'i*io) -/('- April 2, 2001

#i5'*('- &orpor/(io) &/*'* >8 Roli !. Ar/)5o('


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2 -'l/ri)5 N"LL /)- $OI# (' !p'i/l Or-'r -/('- %/8 17, 2002 /)- (' Mri( o*'F')( pl'/-i)5* l'- i) r'l/(io)('r'(o /)-4 i) (' '+')( (/( (' lo;'r or( -'i-'* (/( L/+i)' i* (' o)' ')(i(l'- (o (' pro''-*o< (' i)*r/)' polii'*, p/8')( ('r'o< *ol- >' ;i('l-, *>'( (o (' o(o' o'r* o< (' Bo/r- o< #ir'(or* o< L/+i)' ;ii* p')-i)5 >'l' (o (' /*' /( >/r >'/*' i(*


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O) 6 %/r 199@, (' !po*'* ir' +i*i('- ('ir Prop'r(8 /)- -i*o+'r'- (/( ('r' ;/* /ollo; >lo )'r* opi'- >8;or'r* o< / 'r(/i) lor/)(' -' &/*(ro.

O) 2D %/r 199@, B/l E)('rpri*'* l'- / opl/i)( 8 (' Bo/r- o< #ir'(or* o< ('orpor/(io). Mi(o( /) /(ori/(io) '/l< o< B/l E)('rpri*'*.

Decision of Court of Appeals

B/l E)('rpri*'* /pp'/l'- (o (' &or( o< App'/l*, ;i r'+'r*'- /)- *'( /*i-'(' -'i*io) o< (' (ri/l or(. T' &or( o< App'/l* 'l- (/( (' l/ o< / >o/r- r'*ol(io)/(orii)5 A+il'* (o /( o) >'/l< o< B/l E)('rpri*'* i) (' pr/*' o< (' Prop'r(8 ;/*r'- >8 r/(i/(io). B/l E)('rpri*'* r/(i'- (' pr/*' ;') i( l'- (' opl/i)(


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-'l'5/(io)/(ori/(io), (' rl' i* (/( (' -'l/r/(io)* o< /) i)-i+i-/l -ir'(or r'l/(i)5(o (' /C/ir* o< (' orpor/(io), >( )o( i) (' or*' o8 (' >o/r- o'p'r8l/;* or>8 / *p'i /( o< (' >o/r- o< -ir'(or*.

CASE #5[ G.R. No. 10@774, April 2@, 2002 ]GREAT A!IAN !ALE! &ENTER &ORPORATION AN# TAN &HONG LIN, PETITIONER!, $!. THE&O"RT O APPEAL! AN# BAN&A!IA INAN&E AN# IN$E!T%ENT &ORPORATION,RE!PON#ENT!.

FACTSTransactions

Gr'/( A*i/) i* ')5/5'- i) (' >*i)'** o< >8i)5 /)- *'lli)5 5')'r/l 'r/)-i*',i) p/r(il/r o*'ol- /ppli/)'*. O) %/r 17, 19D1, (' >o/r- o< -ir'(or* o< Gr'/(

A*i/) /ppro+'- / r'*ol(io) /(orii)5 i(* Tr'/*r'r /)- G')'r/l %/)/5'r, Ar*')io LiPi/(, r. VAr*')ioW (o *'r' / lo/) o/r- r'*ol(io) /l*o /(ori'- Ar*')io (o *i5) /ll p/p'r*, -o')(* or proi**or8)o('* )''**/r8 (o *'r' (' lo/). O) '>r/r8 10, 19D2, (' >o/r- o< -ir'(or* o< Gr'/(A*i/) /ppro+'- / *'o)- r'*ol(io) /(orii)5 Gr'/( A*i/) (o *'r' / -i*o)(i)5 li)';i( B/)/*i/ i) /) /o)( )o( ':''-i)5 P2.0 illio). T' *'o)- >o/r- r'*ol(io) /l*o-'*i5)/('- Ar*')io /* (' /(ori'- *i5)/(or8 (o *i5) /ll i)*(r')(*, -o')(* /)-'* )''**/r8 (o *'r' (' -i*o)(i)5 li)'.



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O) %/r 4, 19D1 /)- /)/r8 29, 19D2, T/) &o)5 Li) *i5)'- / !r'(8 A5r''')(/)- &opr'')*i+' /)- &o)(i)i)5 !r'(8 A5r''')(, r'*p'(i+'l8, i) (* o< Gr'/( A*i/) (o B/)/*i/.

Gr'/( A*i/), (ro5 i(* Tr'/*r'r /)- G')'r/l %/)/5'r Ar*')io, *i5)'- l'* V#''-* o< A**i5)')(W r'+i(8, /**i5)i)5 (oB/)/*i/ 8 B/)/*i/, ;i( /)8 o< (' ili(i'* /)- &r'-i(or* o< Gr'/(A*i/) !/l'* &')('r &orpor/(io),W li*(i)5 B/)/*i/ /* o)' o< (' r'-i(or* o< Gr'/( A*i/) i)(' /o)( o< P1,243,632.00.

Decision of RTC and Court of AppealsO) )' 23, 19D2, B/)/*i/ l'- / opl/i)( ili(8 (oB/)/*i/ i) i(* /ili(i'* /)- &r'-i(or*/((/'- (o i(* $'ri'- P'(i(io) ili(8 o< (' Gr'/( A*i/) (o B/)/*i/ (' /o)(o< P1,042,[email protected] *o5( (o >' r'o+'r'- >8 (' l/(('r.



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O) /pp'/l, (' &or( o< App'/l* **(/i)'- (' -'i*io) o< (' lo;'r or(, -'l'(i)5o)l8 (' /;/r- o< /((or)'8J* i)- Gr'/( A*i/)

S!RE$E C%!RT R!&N'T' &orpor/(io) &o-' o< (' Pilippi)'*, *p'i/ll8 !'(io) 23, +'*(* i) (' >o/r-

o< -ir'(or* (' ':'ri*' o< (' orpor/(' po;'r* o< (' orpor/(io), */+' i) (o*'i)*(/)'* ;'r' (' &o-' r'Fir'* *(ool-'r*J /ppro+/l *i)'**, / orpor/(io) /) >orro; o/r- o< -ir'(or*. T' >o/r- oo/r- o< -ir'(or* oo/r- o< -ir'(or* /)- o) Gr'/( A*i/) i(*'l/- l' o)*i-'r/(io)


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FACTSTransactions

O' /l 1, 1982, Co'&i'%'&-l C%3%'& Corpor-&io' -' Gr%or T. Li3, %5%&i(% 7i%"r%)i%'& oCo'&i'%'&-l, o:&-i'% ro3 Co')oli-&% B-'; -' Tr)& Corpor-&io' L%&&%r o Cr%i& No. DO+22.00 &oCo')oli-&%. T=% l%&&%r o r%i& ?-) )% &o pr=-)% -ro' i(% ='r% &=o)-' li&%r) o :';%r %l oilro3 "%&rop=il Corpor-&io', ?=i= &=% l-&&%r %li(%r% ir%&l &o Co'&i'%'&-l i' i&) Bl--' pl-'&. I' r%l-&io' &o

&=% )-3% &r-')-&io', - &r)& r%%ip& or &=% -3o'& o "1,001,>20.9 ?-) %5%&% : Co'&i'%'&-l, ?i&= Li3-) )i'-&or.

Complaint of Collection for Sum of $one0 at RTCCl-i3i' &=-& Co'&i'%'&-l -il% &o &r' o(%r &=% oo) o(%r% : &=% &r)& r%%ip& or &=% pro%%)

&=%r%o, Co')oli-&% il% - o3pl-i'& or )3 o 3o'% ?i&= -ppli-&io' or pr%li3i'-r -&&-=3%'& :%or%&=% R%io'-l Tri-l Cor& o +-'il-.

I' -')?%r &o &=% o3pl-i'&, Co'&i'%'&-l -(%rr% &=-& &=% &r-')-&io' :%&?%%' &=%3 ?-) - )i3pl% lo-'-' 'o& - &r)& r%%ip& &r-')-&io', -' &=-& &=% -3o'& l-i3% : Co')oli-&% i 'o& &-;% i'&o -o'&p-3%'&) -lr%- 3-% : &=%3. Li3 -l)o %'i% -' p%r)o'-l li-:ili& i' &=% ):@%& &r-')-&io'). I' -Sppl%3%'&-l A')?%r, Co'&i'%'&-l pr-% or r%i3:r)%3%'& o -ll%% o(%rp-3%'& &o Co')oli-&% o &=%-3o'& o "490,228.90.

Decision of RTC & Court of AppealsO' S%p&%3:%r 1l'U

S!RE$E C%!RT DECS%NT' (r/)*/(io)* *'- po) ;'r' l'/rl8 ')('r'- i)(o >8 Li i) i* /p/i(8 /*

E:'(i+' $i' Pr'*i-')( o< &o)(i)')(/l. M' *(r'** (' or)>oo l/; (/( orpor/('

p'r*o)/li(8 i* / *i'l- /5/i)*( p'r*o)/l li/>ili(8 o< i(* o='r*. T*, ;' /5r'' (/( Gr'5or8T. Li /)- i* *po*' /))o( >' /-' p'r*o)/ll8 li/>l' *i)' Li ')('r'- i)(o /)- *i5)'-(' o)(r/( l'/rl8 i) i* o=i/l /p/i(8 /* E:'(i+' $i' Pr'*i-')(. T' p'r*o)/li(8 o8 Roli !. Ar/)5o('


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FACTSre-ious Decision of Supreme Court

I) G.R. No. 113907, '>r/r8 2D, 2000, T' %/l/8/)5 !///) )5 5/%/)55/5/;/ */ %. Gr'')'l- l'- / P'(i(io) or R'l/(io)*

&oi**io) i) /) )or pr/(i' /*' /5/i)*( i(* 'plo8'r op/)8 %. Gri')'l-,I). /)- (' o='r* o< i(* )/(io)/l ' op('- ' op('- ' 'l- p'r*o)/ll8 li/>l' '/*' (' 'plo8'r orpor/(io) /* /p'r*o)/li(8 *'p/r/(' /)- -i*(i)( i(r/r8 /)- )l/;' o)*i-'r'- /* 'r'/5')(* o< (' op/)8 >( (' ;ro)5-o'r*.

SS!E"M'('r or )o( %. Gr'')'l-, I). o=i/l* *ol- >' /-' p'r*o)/ll8 li/>l' 8 (' orpor/(io), /(i)5 (ro5 i(* -ir'(or*, o='r* /)-'plo8''*, /r' i(* *ol' li/>ili(i'*. Tr', *oli-/r8 li/>ili(i'* /8 /( (i'* >' i)rr'- >( o)l8;') ':'p(io)/l ir*(/)'* ;/rr/)( * /*, 5')'r/ll8, i) (' 'r*, /)- o('r p'r*o)*.



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2 M') / -ir'(or or o='r /* o)*')('- (o (' i**/)' o< ;/('r'- *(o* or ;o,/+i)5 )o;l'-5' ('r'o/- /- -5')( or )'5li5')'i( ipor(* / -i*o)'*( prpo*' or *o' or/l o>liFi(8 /)- o)*io* -oi)5 o< ;ro)5 i('/)* >r'/ o< / )o;) -(8 (r *o' o(i+' or i)('r'*( or ill ;ill i( p/r(/'* o< (')/(r' o< *(/)(i/l o) r'or- (o *o; (/( r'*po)-')( o='r*/('- i) p/(')( >/- ili(8.



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CASE #:[ G.R. No. 67626, April 1D, 19D9 ]

O!E RE%O, R., PETITIONER, $!. THE HON. INTER%E#IATE APPELLATE &O"RT AN# E.B.

%AR&HA TRAN!PORT &O%PAN, IN&., REPRE!ENTE# B APIANIO B. %AR&HA,RE!PON#ENT!.

FACTSTransactions

I) (' l/(('r p/r( o< #''>'r, 1977 (' >o/r- o< -ir'(or* o< Aro) &*(o*Bro'r/5' &orpor/(io) Aro), i)l-i)5 p'(i(io)'r o*' R'o, r., /-op('- / r'*ol(io)/(orii)5 (' pr/*' o< (ir('') 13 (r* ' p/i- o( o< /lo/) (' orpor/(io) /8 *'r' *ol(' */l'. O) (' */'

-/(', (' p/r(i'* /5r''- o) / -o;)p/8')( o< P@0,000.00 /)- (/( (' >/l/)' o' p/i- ;i(i) *i:(8 60 -/8* li5/(io) i* ' p/i- o/r- r'*ol(io) /-' i) / ''(i)5 'l- o) %/r 1@, 197D.

I) (' '/)(i', Aro) p/i- r')(/l* o< [email protected] / -/8 pr*/)( (o / *>*'F')(/5r''')(, 8 Roli !. Ar/)5o('


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&opr/-/ ;ro(' pri+/(' r'*po)-')( o) A5*( D, 197D /*i)5 /l/)', *(/(i)5 /* ;'ll (/( ' i* ':p'(i)5 ('/ppro+/l o< i* lo/) /ppli/(io) '') r'(r)'- (o B/5>/5, No+/li'*.

O) #''>'r 9, 197D, &opr/-/ i)o/r- o8 Aro) 'r 2D, 19D0 i) 'r o< Bo/r- o< #ir'(or* o< Aro), >' 'l- li/>l'8pro'** o< (io) or >8 r'5/r-i)5 i( /* /) /r(ii/l p'r*o) -i*(i)( /)- *'p/r/(' ' -i*r'5/r-'-;') i( i* *'- (o -''p/i- o( o< / lo/) (o >' *'r'- 8 Roli !. Ar/)5o('


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r'*ol(io) ;/* i)(')-'- (o -'/l/)' o< (' pr/*' pri' o(o< (' pro''-* o< / lo/) ' *ppo*'-l8 *o5( 8 l'/r /)- o)+i)i)5 '+i-')'. I< /( /ll, (' pri)ip/l/r/('r o) ;o ' /((ri>('- i* 'lii/)o &opr/-/, (' Pr'*i-')( o< Aro),;o pri+/(' r'*po)-')( -'/l( ;i( p'r*o)/ll8 /ll (ro5o(.

CASE #;[ G.R. No. 142616, l8 31, 2001 ]PHILIPPINE NATIONAL BANK, PETITIONER, $!. RITRATO GRO"P IN&., RIATTOINTERNATIONAL, IN&., AN# #A#A!AN GENERAL %ER&HAN#I!E, RE!PON#ENT.

FACTS

TransactionsP'(i(io)'r Pilippi)' N/(io)/l B/) PNB i* / -o'*(i orpor/(io) or5/)i'- /)-

':i*(i)5 )-'r Pilippi)' l/;. %'/);il', r'*po)-')(* Ri(r/((o Grop, I)., Ri/((o

I)('r)/(io)/l, I). /)- #/-/*/) G')'r/l %'r/)-i*' /r' -o'*(i orpor/(io)*, li';i*',or5/)i'- /)- ':i*(i)5 )-'r Pilippi)' l/;.

O) %/8 29, 1996, PNB I)('r)/(io)/l i)/)' L(-. PNBIL, / *>*i-i/r8 op/)8 o'r 1996 /)- r'/i)5 (o"!Y1,421,316.1D i) April 199D R'*po)-')(* /-' r'p/8')(* o< (' lo/) i)rr'- >8r'i((i)5 (o*' /o)(* (o ('ir lo/) /o)( ;i( PNBIL i) Ho)5 Ko)5.

Ho;'+'r, /* o< April 30, 199D, ('ir o(*(/)-i)5 o>li5/(io)* *(oo- /("!Y1,497,274.70. Pr*/)( (o (' ('r* o< (' r'/l '*(/(' or(5/5'*, PNBIL, (ro5 i(*/((or)'8i)' *ol- /( / p>li /(io) o)%/8 27, 1999 /( (' %//(i &i(8 H/ll.

Complaints and $otionsO) %/8 2@, 1999, r'*po)-')(* l'- / opl/i)( 8 Roli !. Ar/)5o('


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O) %/8 2D, 1999, (' /*' ;/* r/Z'- (o Br/) 147 o< (' R'5io)/l Tri/l &or( o'(;'') (' p'(i(io)'r /)-

r'*po)-')(*.O) )' 30, 1999, (' (ri/l or( -5' i**'- /) Or-'r '*i)'** o)-i( o< PNBIL

S!RE$E C%!RT R!&N'

T' 5')'r/l rl' i* (/( /* / l'5/l ')(i(8, / orpor/(io) /* / p'r*o)/li(8 -i*(i)( /)-*'p/r/(' 'r*, /)- i* )o( /C'('- >8 (' p'r*o)/lri5(*, o>li5/(io)* /)- (r/)*/(io)* o< (' l/(('r. T' 'r' 'i)5(r'/('- /* o)' ')(i(8. I< *'- (o p'rili(8 o< (' p/r')( orpor/(io) /* ;'ll /* ('*>*i-i/r8 ;ill >' o))'- (o (o*' /ri*i)5 i) ('ir r'*p'(i+' >*i)'**. T' or(* /8 i)(' ':'ri*' o< -ii/l -i*r'(io) *('p i) (o pr'+')( (' />*'* o< *'p/r/(' ')(i(8 pri+il'5'/)- pi'r' (' +'il o< orpor/(' ')(i(8.

T' or( /* 'l- (/( (' -o(ri)' o< pi'ri)5 (' orpor/(' +'il i* /) 'Fi(/>l'-o(ri)' -'+'lop'- (o /--r'** *i(/(io)* ;'r' (' *'p/r/(' orpor/(' p'r*o)/li(8 o< /orpor/(io) i* />*'- or *'- ( o< poli8 /)- >*i)'** pr/(i' i) r'*p'( (o (' (r/)*/(io) /((/'- *o(/( (' orpor/(' ')(i(8 /* (o (i* (r/)*/(io) /- /( (' (i' )o *'p/r/(' i)-, ;ill or':i*(')' o< i(* o;).2. ! o)(rol *( /+' >'') *'- >8 (' -'8 Roli !. Ar/)5o('


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/)- )o( /*'- o) (' /l('r '5o ori)*(r')(/li(8 -o(ri)' )-* )o /ppli/(io) i) (' /*' /( >/r.

CASE #1'r 04, 2009 ]!TRATEGI& ALLIAN&E #E$ELOP%ENT &ORPORATION, PETITIONER, $!. RA#!TO&K!E&"RITIE! LI%ITE# AN# PHILIPPINE NATIONAL &ON!TR"&TION &ORPORATION,RE!PON#ENT!. A!IA$E!T %ER&HANT BANKER! BERHA#, INTER$ENOR.

FACTS&o)*(r(io) #'+'lop')( &orpor/(io) o< (' Pilippi)'* &P ;/* i)orpor/('-

i) 1966. I( ;/* 5r/)('- / (/i)'- lo/)* ')i &orpor/(io) o< /p/)%/r>')i. A &P o=i/l i**'- l'(('r* o< 5/r/)('' 'r 2000 /)- 22 No+'>'r 2000, (' PN&& Bo/r- o


19/29

Pr'+io*l8, ili(8 ')i /**i5)'- i(* ')(ir' r'-i( (o R/-*(o!'ri(i'* Lii('- R/-*(o, / ( /* o< 31 l8 2006. To */(i*li5/(io),PN&& )-'r(/'* (o 1 /**i5) (o / (ir- p/r(8 /**i5)'' (o >' -'*i5)/('- >8 R/-*(o /lli(* ri5(* /)- i)('r'*(* (o (' li*('- r'/l prop'r(i'* o< PN&& 2 i**' (o R/-*(o or i(*/**i5)'' oo) */r'* o< (' /pi(/l *(o o< PN&& i**'- /( p/r +/l' ;i */llopri*' 20S o< (' o(*(/)-i)5 /pi(/l *(o o< PN&& /)- 3 /**i5) (o R/-*(o or i(*/**i5)'' @0S o< PN&&J* 6S */r', l/(/)( ir+')(io) o< (' &o)*(i((io), ;i proi>i(*/ 8 Roli !. Ar/)5o('


20/29

O)' o< i(* */li')( 8 / KAMA!AKI /=li/('. O) No+'>'r 2@, 19D6, NI#& (r/)*'r D, 19D6, Pr'*i-')( &or/o) &. AFi)o i**'-

Prol//(io) No. @0 '*(/>li*i)5 (' &oi(('' o) Pri+/(i/(io) &OP /)- (' A**'(Pri+/(i/(io) Tr*( APT (o (/' (i(l' (o, /)- po**'**io) o'*( (o *'ll (' N/(io)/l Go+'r)')(J* */r' i) PHIL!E&O (o pri+/(' ')(i(i'*.A'(;'') (' APT /)- KAMA!AKI, ('8 /5r''- (/( (' l/(('rJ*ri5( o< r*( r'' V':/)5'-W i- ' ')(i(l'-(o )/' / op/)8 i) ;i i( ;/* / *(ool-'r, ;i ol- ':'ri*' (' ri5( (o (op.O) !'p('>'r 7, 1990, KAMA!AKI i)i--i)5 o)'r 1D, 1993, i)('r'*('- >i--'r* ;'r'

5i+') opi'* o< (' $A >'(;'') NI#& /)- KAMA!AKI, /)- o< (' A**'( !p'i Bi--i)5Rl'* A!BR -r/i- o< T;o Billio) /)- Tir(8 %illio) P'*o* P2,030,000,000.00 ;i( /)/)o;l'-5'')( o< KAMA!AKIPil8/r-*J ri5( (o (op. O) '>r/r8 7, 1994, (' APT)o(i'- p'(i(io)'r (/( PHI /- ':'ri*'- i(* op(io) (o (op (' i5'*( >i- /)- (/( (' &OP/- /ppro+'- (' */' o) /)/r8 6, 1994. O) '>r/r8 24, 1994, (' APT /)- PHI':'('- / !(o Pr/*' A5r''')(.

etitions&o)*'F')(l8, p'(i(io)'r l'- ;i( (i* &or( / P'(i(io) 'r 20, 2000, !pr'' &or( rl'- (/( / *ip8/r- li' PHIL!E&O i* /p>li (ili(8 ;o*' /pi(/li/(io) *( >' *i:(8 p'r')( 60S ilipi)oo;)'-.

&o)*'F')(l8, (' ri5( (o (op 5r/)('- (o KAMA!AKI )-'r (' A**'( !p'iBi--i)5 Rl'* A!BR -r/i--i)5 >(or' *o, >'/*' i( /llo;*


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I( /l*o 'l- (/( V/l(o5 (' p'(i(io)'r /- (' oppor()i(8 (o ':/i)' (' A!BR>'i--'r, (o (/' (i(l' (o (' */i- */r'*.

R'*po)-')(* l'- *'p/r/(' %o(io)* 'r 24, 2003, !pr'' &or( rl'- i) li (ili(8. I(/l*o rl'- (/( ('8


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T' *i*('r*, ;o ;'r' >/*'- i) (' ")i('- !(/('*, *ol- (' lo(* (o ('ir )'p';A)(o)io .P. Lo/-/ A)(o)io )-'r / #''- o< !/l' -/('- %/r 11, 1994. Ar'- ;i( /!p'i/l Po;'r o< A((or)'8 ro('r, #r.A)(o)io Lo/-/ #r. Lo/-/, lo/('- /( Lo)5 B'/ &/lili A( No. 7042,p/r(il/rl8 !'(io) 3, / orpor/(io) or5/)i'- )-'r (' l/;* o< (' Pilippi)'* o< ;i /(l'/*( 60S o< (' /pi(/l *(o o(*(/)-i)5 /)- ')(i(l'- (o +o(' i* o;)'- /)- 'l- >8i(i')* o< (' Pilippi)'*, i* o)*i-'r'- / Pilippi)' N/(io)/l. A* *, (' orpor/(io)/8 /Fir' -i*po*/>l' l/)-* i) (' Pilippi)'*.

CASE #1.[ G.R. No. L2@9D, )' 29, 19@0 ]&. ARNOL# HALL AN# BRA#LE P. HALL, PETITIONER, $!. E#%"N#O !. PI&&IO, "#GE O

THE &O"RT O IR!T IN!TAN&E O LETE, RE# BROMN, E%%A BROMN, HIPOLITA&AP"&IONG, IN HI! &APA&IT A! RE&EI$ER O THE AR EA!TERN LA%BER AN#&O%%ER&IAL &O., IN&., RE!PON#ENT!.



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FACTSO) %/8 26, 1947, (' p'(i(io)'r* &. Ar)ol- H/ll /)- Br/-l'8 P. H/ll, /)- ('

r'*po)-')(* r'- Bro;), E/ Bro;), Hipoli(/ #, &/p/) /)- &''r >*i)'**, (o /rr8 o) /*5')'r/l o)(r/(or*, op'r/(or* /)- /)/5'r*, '(. A((/'- (o (' /r(il'* ;/* /) /=-/+i(o< (' (r'/*r'r *(/(i)5 (/( 23,42D */r'* o< *(o /- >'') *>*ri>'- /)- 'll/ l'- >''r /)- &o'ri/l &o. ;/* /) )r'5i*('r'- p/r()'r*ip (/( ('8;i*'- (o /+' i( -i**ol+'- >'/*' o< >i(('r -i**')*io) /o)5 (' '>'r*,i*/)/5'')( /)- 8 (' /)/5'r* /)- '/+8 )/)i/l lo**'*.

T' -'o)- 8

'*(opp'l ''li'+' /)8(i)5 (oi* pr'-i' /)- -//5', (' pri)ipl' o< '*(opp'l -o'* )o( /ppl8. O>+io*l8 (i* i* )o( /)i)*(/)' r'Firi)5 (' ')'r /)- &o'ri/l &o. i* / -' />l8 l/i i) 5oo- ' / orpor/(io). T' i)i(8 (o oll/('r/l /((/ i*5r/)('- (o orpor/(io)* Ql/ii)5 i) 5oo- ' / orpor/(io) )-'r (i* /(.Q 2 Ti*i* )o( / *i( i) ;i (' orpor/(io) i* / p/r(8. Ti* i* / li(i5/(io) >'(;'') *(ool-'r* o


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FACTST' !(/)-/r- Pro-(* &o., I)., *i5)'- >8 i(* Pr'*i-')( G'or5' H. !'/+'r, i**'- /

proi**or8 )o(' -/('- No+. 2D, 1921 (o (' A*i/ B/)i)5 &orpor/(io), (' * P37,[email protected]( /) /(io) (o r'o+'r (' * o< P24,736.47,(' >/l/)' -' o) (' /o)( o< Proi**or8 No('. T' or( r')-'r'- -5')( i) l' 'rror.

SS!E"M'('r or )o( &orpor/(io) '*(opp'l* i* /ppli/>l' i) (i* /*'

S!RE$E C%!RT R!&N'T' 5')'r/l rl' i* (/( i) (' />*')' o< o-8 i* ('r'>8 '*(opp'- (o -')8 i(* orpor/(' ':i*(')' i)/)8 /(io) l'/-i)5 o( o< or i)+ol+i)5 * o)(r/( or -'/li)5, )l'** i(* ':i*(')' i*/((/'- 8 /i)5/ proi**or8 )o(' i) i(* 'r 03, 1999 ]LI% TONG LI%, PETITIONER, $!. PHILIPPINE I!HING GEAR IN#"!TRIE!, IN&., RE!PON#ENT.



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FACTSO) >'/l< o< O'/) ?'*( i*i)5 &orpor/(io), A)(o)io &/ /)- P'('r /o

')('r'- i)(o / &o)(r/( -/('- '>r/r8 7, 1990, 8'r*, o;'+'r, 8 /((/i)5 (' *i)5 )'(* o) >o/r- B Lor-'* ;i ;/*(') -o'- /( (' i*'ri'* Por(, N/+o(/*, %'(ro %/)il/.

I)*('/- o< /)*;'ri)5 (' &opl/i)(, &/ l'- / %/)il' (i' ;i(i) ;i (o p/8. H' /l*o (r)'- o+'r (o r'*po)-')(*o' o< (' )'(* ;i ;'r' i) i* po**'**io).

P'('r /o l'- /) A)*;'r, /'/l'/*' o< i* *'F')( '/ri)5*.

Li To)5 Li, o) (' o('r /)-, l'- /) A)*;'r ;i( &o)('rl/i /)- &ro**l/i

/)- o+'- 8 '*(opp'l /8 /ppl8 (o (' /ll'5'- orpor/(io) /)- (o/ (ir- p/r(8. I) (' r*( i)*(/)', /) )i)orpor/('- /**oi/(io), ;i r'pr'*')('- i(*'l' / orpor/(io), ;ill >' '*(opp'- 8 / (ir- p'r*o) ;o r'li'- i) 5oo- ' *'- (o '+/-' i(* r'*po)*i>ili(8 ')'(*.

O) (' o('r /)-, / (ir- p/r(8 ;o, )o;i)5 /) /**oi/(io) (o >' )i)orpor/('-,)o)'('l'** (r'/('- i( /* / orpor/(io) /)- r''i+'- >')'(* ' >/rr'- ')'('- 8 (' o*(')*i>l' orpor/(io),-'*pi(' )o;l'-5' o< i(* l'5/l -'8 i(, )o;i)5 i( (o >' ;i(o( +/li- ':i*(')', /r' 'l- li/>l' /* 5')'r/lp/r()'r*.

T')i/ll8, i( i* (r' (/( p'(i(io)'r -i- )o( -ir'(l8 /( o) >'/l< o< (' orpor/(io).Ho;'+'r, /+i)5 r'/p'- (' >')'(* o< (' o)(r/( ')('r'- i)(o >8 p'r*o)* ;i( ;o' pr'+io*l8 /- /) ':i*(i)5 r'l/(io)*ip, ' i* -'''- (o >' p/r( o< */i- /**oi/(io) /)-i* o+'r'- >8 (' *op' o< (' -o(ri)' o< orpor/(io) >8 '*(opp'l.

CASE #17[ G.R. No. 117010, April 1D, 1997 ]PEOPLE O THE PHILIPPINE!, PLAINTIAPPELLEE, $!.ENGR. &ARLO! GAR&IA PINE#A,PATRI&IO BOTERO $ALE!, L"I!A %IRAPLE! AT LARGE, A&&"!E#, PATRI&IO BOTERO $ALE!, A&&"!E#APPELLANT.# E & I ! I O N



26/29

FACTSI) /) I) /)- p')/li'- )-'r Ar(il' 39 / o< (' L/>or&o-', /* /')-'- >8 Pr'*i-')(i/l #'r'' No*. 1920 /)- 201D.

T/( o) or >'o+')/'- /*'-, o)*piri)5 /)-o)o(/5'. T=% -)% --i')& -)% +ir-pl%) ?-) -r=i(% : &=%or&. S=% =-) r%3-i'% -& l-r%.

Tr o)*'l, /*'- Bo('ro l'- / No(i' o< App'/l. H' l/i* (/( '+') /* /Rior) 'plo8'', ' 'r'l8 p'roo /)- !OLA!, /)- o)-(i)5 *ipl' i)('r+i';*. H' /r5'* (/(' i* )o( r'*po)*i>l' (/i)i)5 (' )''**/r8 li')*' l' li /* /)i)orpor/(or o< Rior). H' /)- i* o/*'- G/ri/ 'l- ('*'l+'* o( (o (' p>li /*o='r* o< Rior). T'8 r''i+'- o)'8 ' ;i(o( /(ori(8 (o -o *o */ll >' li/>l' /* 5')'r/l p/r()'r*(*, li/>ili(i'* /)- -//5'* i)rr'- or /ri*i)5 /* / r'*l( ('r'o8i( /* / orpor/(io) or o) /)8 (or( oi(('- >8 i( /* *, i( */ll )o( >' /llo;'- (o *' /*/ -'


27/29

!o'(i' i) 19DD, (' N/(io)/l T'l'o)i/(io)* &oi**io) NT& *'r+'- o)(' Pilippi)' Lo)5 #i*(/)' T'l'po)' &op/)8 PL#T (' o+'')(io)'- #'i*io), >( (' &or( o< App'/l* -')i'- i(* o(io) (ro5 i(*R'*ol(io) /)/r8 27, 1997.

SS!E"M'('r or )o( (' >/*i* o< op(/(io) o< (' ' /r5'- >8 NT& (o PL#Ti* 1 (' p/r +/l' o< (' /pi(/l *(o *>*ri>'- or p/i- or 2 (' /r'( +/l' o< ('/pi(/l *(o *>*ri>'-

S!RE$E C%!RT R!&N'!i)( /)- l'/r i* (' rli)5 o< (i* &or( i) (' /*' o< Pilippi)' Lo)5 #i*(/)'

T'l'po)' &op/)8 +*. P>li !'r+i' &oi**io), 66 !&RA 341, (/( (' >/*i* ' ('r'- /* ('(r*( *ri>'- /pi(/l/* / (r*( *ri>'-/pi(/l /8 >' r'(r)'- or r'l'/*'- (o (' *(ool-'r ':'p( i) (' r'-'p(io) o*ri>'- /pi(/l *>*rip(io) oi(')(* /))o( >' o)-o)'- or r'i(('- )or /)(' orpor/(io) >8 i(* o;) */r'* *i)5 (' *>*ri>'- /pi(/l /* (' o)*i-'r/(io)('r'


28/29

[ G.R. No. 144476, April 0D, 2003 ]O)5 o)5 +*. Ti

FACTSreSu/scription Agreement

I) 1994, (' o)*(r(io) o< (' %/*/5/)/ &i(i/ll i) P/*/8 &i(8 ;/* (r'/(')'-;i( *(opp/5' /)- i)opl'(io) ;') i(* o;)'r, (' ir*( L/)-li) A*i/ #'+'lop')(

&orpor/(io) LA#&, ;i ;/* o;)'- >8 #/+i- !. Ti, &'l8 . Ti, %ol8 Go;, B'l')!'' , #. T'r')' . Ti, o) /)- Lor-'* &. Ti (' Ti*, ')o)('r'- -ir' )/)i/l-i=l(i'*. I( ;/* '/+il8 i)-'>('- (o (' Pilippi)' N/(io)/l B/) PNB il(,(' Ti* i)+i('- O)5 o)5, /)i(/ T/) O)5, Mil*o) T. O)5, A))/ L. O)5, Milli/ T. O)5 /)-

li/ O)5 Alo)o (' O)5*, (o i)+'*( i) LA#&. ")-'r (' Pr'!>*rip(io) A5r''')(('8 ')('r'- i)(o, (' O)5* /)- (' Ti* /5r''- (o /i)(/i) 'F/l */r'ol-i)5* i)LA#& (' O)5* ;'r' (o *>*ri>' (o 1,000,000 */r'* /( / p/r +/l' o< P100.00 '/;il' (' Ti* ;'r' (o *>*ri>' (o /) /--i(io)/l @49,D00 */r'* /( P100.00 '/ i)/--i(io) (o ('ir /lr'/-8 ':i*(i)5 *>*rip(io) o< 4@0,200 */r'*. r('ror', ('8 /5r''-(/( (' Ti* ;'r' ')(i(l'- (o )oi)/(' (' $i'Pr'*i-')( /)- (' Tr'/*r'r pl* @-ir'(or* ;il' (' O)5* ;'r' ')(i(l'- (o )oi)/(' (' Pr'*i-')(, (' !'r'(/r8 /)- 6-ir'(or* i)l-i)5 (' /ir/) (o (' >o/r- o< -ir'(or* o< LA#&. %or'o+'r, (' O)5*;'r' 5i+') (' ri5( (o /)/5' /)- op'r/(' (' /ll.

Aor-i)5l8, (' O)5* p/i- P100 illio) i) /* ('-)'** o< LA#& (oPNB. T' >*i)'** /ro)8 >'(;'') (' O)5* /)- (' Ti* i) LA#&, o;'+'r, ;/**or(li+'- >'/*' (' Ti*, o) 23 '>r/r8 1996, r'*i)-'- (' Pr'!>*rip(io)A5r''')(.

Contro-ersiesT' Ti* /*'- (' O)5* o< 1 r'(io)* 2 pr'+')(i)5 #/+i- !. Ti /)- &'l8 . Ti ( o)l8i)*o( /)/-+/)' lo/) >8 (' O)5* (o LA#& /)- (/( (' ipo*i(io) o< i)('r'*( o) i( ;/* orr'(.

Bo( p/r(i'* /pp'/l'- (o (' !E& ') >/) ;i r')-'r'- / -'i*io) o) 11!'p('>'r 199D, /=ri)5 (' 19 %/8 1997 -'i*io) o< (' H'/ri)5 O='r. T' !E& ')>/) o)r'- (' r'*i**io) o< (' Pr'!>*rip(io) A5r''')( >( r'+'r('- (ol/**i'r 1999,o-i'r 199D. T'ir o(io)* 8 (' O)5* (o (' Ti* */ll '/r) i)('r'*( /( 12S p'r /)) (o >' op('-li5/(io)* )-'r (' Pr'!>*rip(io) A5r''')(.

O) 1@ %/r 2002, (' Ti* l'- >'8 Roli !. Ar/)5o('


29/29

Milli' O)5 l'- / *'p/r/(' %o(io) r/r8 2003, (' Ti* *>i(('- ('ir 'or/)-.

SS!E" M'('r or )o( (' pr'!>*rip(io) A5r''')( ':'('- >8 (' O)5* i* /(/ll8 /*>*rip(io) o)(r/(.

S!RE$E C%!RT R!&N' LA#& ;/* ori5i)/ll8 i)orpor/('- ;i( /) /(ori'- /pi(/l *(o o< @00,000

*/r'* ;i( (' Ti* o;)i)5 4@0,200 */r'* r'pr'*')(i)5 (' p/i-p /pi(/l. M') ('Ti* i)+i('- (' O)5* (o i)+'*( i) LA#& /* *(ool-'r*, /) i)r'/*' o< (' /(ori'-/pi(/l *(o >'/' )''**/r8 (o 5i+' '/ 5rop 'F/l @0@0 */r'ol-i)5* /* /5r''-po) i) (' Pr'!>*rip(io) A5r''')(. T' /(ori'- /pi(/l *(o ;/* (* i)r'/*'-*rip(io) o)(r/( )''**/ril8 i)+ol+'* (' orpor/(io) /* o)' o'( /(('r o< (' (r/)*/(io) i* prop'r(8 o;)'- >8(' orpor/(io) i(* */r'* o< *(o. T*, (' *>*rip(io) o)(r/( -')oi)/('- >8 ('p/r(i'* /* / Pr'!>*rip(io) A5r''')( ;'r'>8 (' O)5* i)+'*('- P100 illio) *rip(io)/5r''')( ;'r' LA#& /)- (' O)5* /lo)', / i+il /*' 8 (' Ti* i) ('ir p'r*o)/l /p/i(i'* ;ill )o( pro*p'r. A**i)5i( /- +/li- r'/*o)* (o -o *o, o)l8 LA#& /)- 'r(/i)l8 )o( (' Ti* /- (' l'5/lp'r*o)/li(8 (o l' *i( r'*i)-i)5 (' *>*rip(io) /5r''')( ;i( (' O)5* i)/* /* i(;/* (' r'/l p/r(8 i) i)('r'*( ('r'i).

R'5/r-i)5 (' r'*i**io) o< (' Pr'!>*rip(io) A5r''')(, i( ;ill 'C'(i+'l8 r'*l(i) (' )/(ori'- -i*(ri>(io) o< (' /pi(/l /**'(* /)- prop'r(8 o< (' orpor/(io),('r'>8 -iolating the Trust Fund Doctrine/)- (' &orpor/(io) &o-', *i)' r'*i**io)o< / *>*rip(io) /5r''')( i* )o( o)' o< (' i)*(/)'* ;') -i*(ri>(io) o< /pi(/l /**'(*/)- prop'r(8 o< (' orpor/(io) i* /llo;'-. The Trust Fund Doctrine, r*( '))i/('- >8(i* &or( i) (' 1923 /*' o< Pilippi)' Tr*( &o. +*. Ri+'r/, pro+i-'* (/( *>*rip(io)* (o(' /pi(/l *(o o< / orpor/(io) o)*(i((' / i(io) /5/i)*( (' -i*(ri>(io) o< orpor/(' /**'(*/)- prop'r(8 )l'** (' *(ri)5')( r'Fir'')(* ('r'

Corporation Digested Cases 1-18

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