The only qualified beneficiaries to claim death benefits are the legitimate spouse of the decedent, and the decedent’s children, whether legitimate and illegitimate. (Elenita Macalinao, et al. v. Cerina Macalinao, G.R. No. 250613, April 3, 2024)
The rights of a stockholder are categorized into three: Management Rights, Proprietary Rights, and Remedial Rights.
The making of a will is strictly a personal act; it cannot be left in whole or in part to the discretion of a third person, or accomplished through the instrumentality of an agent or attorney.
After an absence of seven years, it being unknown whether or not the absentee still lives, he shall be presumed dead for all purposes, except for those of succession.
A sole proprietorship is a form of business organization with only one proprietary owner, a single individual who conducts business under his own name or a business name. (p.3, Commentaries and Jurisprudence on the Revised Corporation Code of the Philippines, Aquino, 2020)
A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence.
Patents may be cancelled on various grounds set out by the Intellectual Property Code. Cancellation of patent would deprive the holder thereof certain rights as provided below.
Ownership may be acquired by donation, succession, tradition or prescription. (Article 712, Civil Code of the Philippines)
The 1987 Philippine Constitution explicitly prohibits foreign nationals from purchasing property in the Philippines.
A corporation is a juridical person to which the law grants a juridical personality, separate and distinct from that of each shareholder, partner or member.
