The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
DOUBLE SALE
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There is double sale when the same object of the sale is sold to different vendees.
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In case of double sale, if the thing sold is a personal property, the ownership shall be transferred to the person who had first taken possession of the property in good faith.
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If the property sold was a real property, the ownership shall belong to the buyer who first registered in good faith the real property.
WHO BEARS THE RISK OF LOSS IN A CONTRACT OF SALE?
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If the thing is lost before perfection, the seller and not the one who intends to purchase it bears the loss.
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If the object is lost after perfection but before delivery, the buyer bears the loss.
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If the thing is lost after delivery, the buyer bears the risk of loss.
MAY THE STATE INHERIT FROM ITS CITIZENS?
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The government may petition the court to take the property of a deceased person
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Personal properties lawfully taken by the government belongs the Municipality or City where the deceased last resided
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Real properties lawfully taken by the government belongs to the Municipality of City where it is situated
WHEN IS AN INTENDED CORPORATE NAME REGISTRABLE?
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A corporate name is one which distinguish a corporation from another
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A corporate name must be registered in the Securities and Exchange Commission
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Unauthorized use of Corporate name is punishable by law
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