G.R. No. 171626, 6 August 2014 FACTS: Petitioners seek to hold liable for its agreement with the Olongapo City Water District, the respondent who succeeded the latter’s operations. Respondent counters that it is a separate entity from its predecessor and that the same merely owned 10% of its stocks. ISSUE: the respondent be held liable? [...]

G.R. No. 161759, 2 July 2014 FACTS: Union Refinery Corporation (URC) was established under the Corporation Code of the Philippines. In the course of its business undertakings, URC imported oil products into the country. Oilink was incorporated for the primary purpose of manufacturing, importing, exporting, buying, selling or dealing in oil and gas, and their [...]

G.R. No. 199687, 24 March 2014 FACTS: A complaint was instituted before the RTC against EIB Securities Inc. (E–Securities) for unauthorized sale of DMCI shares of private respondents Pacific Rehouse Corporation, Pacific Concorde Corporation, Mizpah Holdings, Inc., Forum Holdings Corporation, and East Asia Oil Company, Inc. The RTC rendered judgment on the pleadings, directing the [...]

G.R. No. 177493, 19 March 2014 FACTS: Petitioner Eric Godfrey Stanley Livesey filed a complaint for illegal dismissal with money claimsagainst CBB Philippines Strategic Property Services, Inc. (CBB) and Paul Dwyer. CBB was a domestic corporation engaged in real estate brokerage and Dwyer was its President. Livesey alleged that CBB hired him as Director and [...]

G.R. No. 186433, 27 November 2013 FACTS: The respondent granted a loan to NSI. The loan was made pursuant to the Memorandum of Agreement and Promissory Note (MOA) between the respondent and NSI, represented by Nuccio. The petitioners received a total amount of ₱300,000.00 and certain machineries intended for their fertilizer processing plant business (business). [...]

G.R. No. 166282, 13 February 2013 FACTS: On several occasions, respondent International Exchange Bank (iBank), granted loans to Hammer Garments Corporation (Hammer), covered by promissory notes and deeds of assignment. These were made pursuant to the Letter-Agreement, between iBank and Hammer, represented by its President and General Manager, Manuel Chua (Chua) a.k.a. Manuel Chua Uy [...]

G.R. No. 154975, 29 January 2007 FACTS: Petitioner General Credit Corporation (GCC), then known as Commercial Credit Corporation (CCC), established CCC franchise companies in different urban centers of the country. In furtherance of its business, GCC was able to secure license from Central Bank (CB) and SEC to engage also in quasi-banking activities. On the [...]

G.R. No. 116124-25, 22 November 2000 FACTS: The Commercial Credit Corporation (hereinafter, "CCC"), a financing and investment firm, decided to organize franchise companies in different parts of the country, wherein it shall hold thirty percent (30%) equity. Employees of the CCC were designated as resident managers of the franchise companies. Petitioner Bibiano O. Reynoso, IV [...]

G.R. No. 142435, 30 April 2003 FACTS: Petitioners, the spouses Alfredo Lipat and Estelita Burgos Lipat, owned “Bela’s Export Trading” (BET), a single proprietorship engaged in the manufacture of garments for domestic and foreign consumption, which was managed by their daughter Teresita B. Lipat. The spouses also owned the “Mystical Fashions” in the United States, [...]

G.R. No. 108734, 29 May 1996 FACTS: Petitioner Concept Builders, Inc., a domestic corporation, engaged in the construction business employed Private respondents as laborers, carpenters and riggers. After the project in which they were hired had been completed, they were served individual written notices of termination of employment by petitioner stating that their contracts of [...]