Business
Business
Business
Course Outline
First Semester, SY 2018-2019
Disadvantages of Incorporation
A. CORPORATION
1. DEFINITION
2. ATTRIBUTES OF A CORPORATION
B. CLASSES OF CORPORATIONS
1. Feliciano vs. CoA, 419 SCRA 363; January 14, 2003 Pagaduan
C. NATIONALITY OF CORPORATIONS
i. Narra Nickel Mining and Development Corp. vs. Redmont
Consolidated Mines Corp., 722 SCRA 382
ii. Alilin vs. Petron Corporation, 725 SCRA 342
iii. S. Davis Winship vs. Philippine Trust Co., 90 Phil. 744 Donga
iv. Filipinas Compania de Seguros vs. Christern Huenfeld & Co., Inc. G.R. Chin
No. L-2294; May 25, 1951
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2. PLACE OF INCORPORATION TEST
3. CONTROL TEST
4. GRANDFATHER RULE
4. CORPORATE TERM
8. ADOPTION OF BY-LAWS
1. PMI Colleges vs. NLRC, 277 SCRA 462
ii. NATURE AND FUNCTIONS OF BY-LAWS
iii. REQUISITES OF VALID BY-LAWS
iv. BINDING EFFECT
v. AMENDMENT OR REVISION
F. CORPORATE POWERS
1. GENERAL POWERS: THEORY OF GENERAL CAPACITY
1. University of Mindanao, Inc. vs. BSP, 778 SCRA 458
2. Magallanes Watercraft Association, Inc. vs. Auguis, 791 SCRA
445
3. Agdao Landless Residents Association, Inc. vs. Maramion, 806
SCRA 74
4. Bank of Commerce vs. Radio Philippines Network, Inc. 722
SCRA 520
5. Esguerra vs. Holcim Philippines, Inc. 704 SCRA 490
6. Swedish Match Philippines, Inc. vs. The Treasurer of the City of
Manila, 700 sCRA 428
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iv. POWER TO SELL OR DISPOSE OF CORPORATE ASSETS
1. Y-I Leisure Philippines, Inc. vs. Yu, 770 SCRA 56; September 8,
2015
2. Bulk Sales Law
3. HOW EXERCISED
i. BY THE SHAREHOLDERS
ii. BY THE BOARD OF DIRECTORS
iii. BY THE OFFICERS
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36. Ching vs. Subic Bay Golf and Country Club, Inc. 734 SCRA 569;
September 10, 2014
37. Chua vs. CA, 443 SCRA 259
38. Lim vs. Lim-Y, 352 SCRA 216
39. Visayan vs. NLRC, 196 SCRA 410
40. Arguenza vs. Metropolitan Bank & Trust Co., 271 SCRA 1
6. ELECTIONS
i. CUMULATIVE VOTING/STRAIGHT VOTING
ii. QUORUM
7. REMOVAL
1. Bernas vs. Cinco, G.R. No. 163356-57; July 1, 2015
8. FILLING OF VACANCIES
9. COMPENSATION
1. Central Cooperative Exchange, Inc. vs. Ibe, 33 SCRA 593
2. Manila Taxicab & Garage Inc. vs. Court of Industrial Relations,
99 Phil 43
3. Lexal Laboratories vs. National Chemical Industries Workers
Union, 25 SCRA 669
4. Peralta vs. Mathay, 38 SCRA 260
5. Western Institute of Technology, Inc. vs. Salas, 278 sCRA 216
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10. RULES ON FIDUCIARIES’ DUTIES AND LIABILITIES
1. Benguet Electrc Cooperative, Inc. vs. NLRC, 209 SCRA 55
2. Bank of Commerce vs. Marilyn P. Niete, G.R. no. 211535; July
22, 2015
3. Solidbank Corporation vs. Mindanao Ferroalloy Corporation,
et.al., 464 SCRA 409; July 29, 2005
4. Prudential Bank vs. Alviar, 464 SCRA 353
5. Pioneer Insurance & Surety Corporation vs. Morning Star
Travel & tours, Inc. et.al., 762 SCRA 283; July 8, 2015
6. Rivera vs. Genesis Transport Services Inc., 764 SCRA 283 July 8,
2015
3. PARTICIPATION IN MANAGEMENT
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i. PROXY
ii. VOTING TRUST
1. Lee vs. CA, 205 SCRA 752 Olan
4. PROPRIETARY RIGHTS
i. RIGHT TO DIVIDENDS
ii. RIGHT OF APPRAISAL
5. REMEDIAL RIGHTS
i. INDIVIDUAL SUIT
ii. REPRESENTATIVE SUIT
iii. DERIVATIVE SUIT
6. OBLIGATIONS OF A STOCKHODER
7. MEETINGS
1. Guy vs. Guy, 790 SCRA 288 Donga
2.
ii. REGULAR OR SPECIAL
1. WHEN AND WHERE
2. NOTICE
iii. WHO CALLS THE MEETINGS
iv. QUORUM
v. MINUTES OF THE MEETINGS
I. CAPITAL STRUCTURE
1. SUBSCRIPTION AGREEMENTS
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3. SHARES OF STOCK
1. Teng vs. Securities and Exchange Commission (SEC), 784 SCRA
216 Donga
2. Interport Resources Corporation vs. Securities Specialist, Inc.
792 SCRA 155 Donga
3. Ferro Chemicals, Inc. vs. Garcia, 804 SCRA 528 Caingcoy
4. Interport Resources Corporation vs. Securities Specialist, Inc.
792 SCRA 155 Caingcoy
5. Banco de Oro vs. Republic, 800 SCRA 392 Caingcoy
6. Forest Hills Golf & Country Club vs. Vertex Sales and Trading,
Inc., 692 SCRA 706 Olaivar
7. Gersip Association Inc vs. Government Service Insurance
System, 707 SCRA 481 olaivar
8. Fil-Estate Golf and Development, Inc. vs. Vertex Sales and
Trading, Inc., 698 SCRA 272 Olaivar
9. Ang vs. Ang, 699 SCRA 272 Antala
10. Republic Planters Bank vs. Agana, et.al., 269 SCRA
11. Santamaria vs. Hongkong and Shanghai Banking Corporation,
89 Phil. 780
12. Philippine National Bank vs. Remio, G.R. No. 78508; March 21,
1994
13. CIR vs. Maning, 66 SCRA 14
14. Ong Yong vs. Tiu, 401 SCRA 1; April 8, 2003
15. National Exchange Co., Inc. vs. Dexter, 51 Phil 601
5. UNCERTIFICATED SHARES
6. NEGOTIABILITY
a. REQUIREMENT FOR VALID TRANSFER OF STOCKS
i. Anna Teng vs. SEC, G.R. No. 184332; February
17, 2016
ii. Interport Resources Corporation vs. SEC, Inc.
G.R. No. 154069; June 6, 2016
iii. Batangas Laguna Tayabas Bus Company, Inc. vs.
Bitanga, 362 SCRA 362; August 10, 2001
iv. Ponce vs. Alsons Cement Corporation, 393 SCRA
602; December 10, 2002
v. F & S Velasco, Inc. vs. Madrid, 774 SCRA 388;
November 10, 2015
vi. China Banking Corporation vs. CA, 270 SCRA
503
7. ISSUANCE
i. Razon vs. Intermediate Appellate Court, 207
SCRA 234
ii. Rural Bank of Lipa City, Inc. vs. CA, 366 SCRA
188; September 28, 2001
b. FULL PAYMENT
c. PAYMENT PRO-RATA
8. LOST OR DESTROYED CERTIFICATES
2. CONTENTS
2. MODES OF DISSOLUTION
i. VOLUNTARY
1. WHERE NO CREDITORS ARE AFFECTED
2. WHERE CREDITORS ARE AFFECTED
3. SHORTENING OF CORPORATE TERM
ii. INVOLUNTARY
1. EXPIRATION OF CORPORATE TERM
2. NON-USE OF CORPORATE CHARTER OR CONTINUOUS
INOPERATION OF A CORPORATION
3. LEGISLATIVE DISSOLUTION
4. DISSOLUTION BY THE SEC ON GROUNDS UNDER EXISTING
LAWS
3. METHODS OF LIQUIDATION
1. Viva Shipping Lines, Inc. vs. Keppel Philippines Marine, Inc. 784
SCRA 173 Antala
ii. BY THE CORPORATION ITSELF
iii. BY CONVEYANCE TO A TRUSTEE WITHIN A THREE-YEAR PERID
iv. BY MANAGEMENT COMMITTEE OR REHABILITATION RECEIVER
v. BY MANAGEMENT COMMITTEE OR REHABILITATION RECEIVER
vi. BY LIQUIDATION AFTER THREE YEARS
K. OTHER CORPORATIONS
1. NON-STOCK CORPORATIONS
1. Agdao Landless Residents Association, Inc. vs. Maramion, 806
SCRA 74 Chin
2. Ching vs. Quezon City Sports Club, Inc. 807 SCRA 46 Chin
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3. Valley Golf & Country Club vs. Reyes, 774 SCRA 214; November
10, 2015 Chin
ii. DEFINITION
iii. PURPOSES
iv. TREATMENT OF PROFITS
v. DISTRIBUTION OF ASSETS UPON DISSOLUTION
2. CLOSE CORPORATIONS
3. SPECIAL CORPORATIONS
i. Roman Catholic Apostolic Adm. Of Davao Inc. vs. Land Re. Com., 102
Phil 596 Diamante
ii. Register of Deeds of Rizal vs. ung Sui Si Temple 97 Phil 58 Diamante
iii. Republic vs. Villanueva, 114 SCRA 875 Diamante
iv. Republic vs. Gonong, 118 SCRA 729 Olan
4. FOREIGN CORPORATIONS
1. Communication Materials and Design, Inc. et.al. vs. CA, 260
SCRA 673 Olan
2. Huang Lung Bank, Ltd. Vs. Saulog, 210 SCRA 137 Olan
3. Agilent Technologies Singapore Ltd vs. integrated Silicon
Techonology Philippines Corporation, 427 SCRA 593 Pagaduan
4. European Resources and Technologies, Inc. vs. Ingenieburo
Birkhan + Nolte, 435 SCRA 246; July 26, 2014 Pagaduan
5. Eriks Pte. Ltd. Vs. CA, 267 SCRA 567 Pagaduan
6. MR Holdings Ltd vs. Bajar, 380 sCRA 617; April 11, 2002 Omar
7. Continental Micronesia, Inc. vs. Basso, 771 SCRA 329,
September 23, 2015 Omar
8. Expertravel & Tours, Inc. vs. CA, 439 SCRA 147; May 26, 2005 Omar
9.
M. MISCELLANEOUS PROVISIONS
V. BANKINGS LAWS
1. Land Bank of the Philippines vs. Kho, 796 SCRA 21
2. Banco de Oro vs. Republic 800 SCRA 392
3. University of Mindanao, Inc. vs. Bangko Sentral ng Pilipinas,
778 SCRA 458
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4. Oliver vs. Philippine Savings Bank, 788 SCRA 189Philippine
Savings Bank vs. Barrera, 793 SCRA 486
5. Commissioner of Internal Revenue vs. Philippine National
Bank, 796 SCRA 158
6. Gumabon vs. PNB, 798 SCRA 103
7. PNB vs. Raymundo, 813 SCRA 326
8. Sameer Overseas Placement Agency, Inc. vs. Cabiles, 732 SCRA
22
9. The Metropolitan Bank and Trust Company vs. Rosales, 713
SCRA 75
10. Silos vs. PNB, 728 SCRA 617
11. People vs. Go, 732 SCRA 216
12. Vivas vs. Monetary Board of the BSP, 703 SCRA 290
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e. ELECTRONIC COMMERCE ACT OF 2000 (R.A. NO. 8792 ) AND A.M. 01-7-01-SC
OR THE RULES ON ELECTRONIC EVIDENCE
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