The corporation filed case for the cancellation of sale

Assignment Help Other Subject
Reference no: EM133376283

Subject: Law on Partnership and Corporation (Philippines)

Sometime in 1971, Islamic leaders of all major muslim tribal groups in the Philippines organized and incorporated the Islamic Directorate of the Philippines. With the donation of the Lybian government, they bought two parcels of land in Tandang Sora, Quezon City. These parcels of land is the only property of the said corporation. When Martial law was imposed by Ferdinand Marcos, most of the member of the Board of Trustees flew to the middle east to escape persecution. In the meantime, two contending sets of Board of Trustees (Carpizo and Abbas) claimed to assert authority over the Corporation as the legitimate Board. In a resolution, the Securities and Exchange Commission ruled that both contending sets of Board of Trustees are illegitimate and therefore their elections are null and void. Despite this ruling, the Carpizo Board of Trustees was able to sell the Corporation's two parcels of land to Iglesia ni Cristo. The corporation filed a case for the cancellation of the sale of the two parcel of land alleging that the sale is null and void. If you were the judge, how will you rule?

Reference no: EM133376283

Questions Cloud

What are the advantages of free trade between the economies : What are the advantages of free trade between the economies of the United States, Mexico, and Canada? If the advantages are unevenly distributed
Effects on earth materials and surface processes : Explain how the Mississippi River Delta and/or Louisiana wetlands supply ecosystem capital.
Securities brokerage firm serving both retail : You are the Chief Risk Officer for Brokers-Are-Us, Inc., a securities brokerage firm serving both retail and institutional investors.
Analyze the case of this article with the book crime : Analyze the Case of this article with the book CRIME AND PUNISHMENT By Fyodor Dostoyevsky's ideas, 2-3-page paper.
The corporation filed case for the cancellation of sale : The corporation filed a case for the cancellation of the sale of the two parcel of land alleging that the sale is null and void. If you were the judge,
What is dracula portrayal of dracula as vampire : What is Dracula portrayal of Dracula as vampire. how does the Dracula character in each movie mirrors the human society of his time.
Deficiencies in understanding about the toxicology of pops : EVSP 594 American Military University find a journal article or popular media article that focuses on a persistent organic pollutant (POP).
Involved in pursuit of vehicle : You are a new officer who is currently on probation. You have just been involved in a pursuit of a vehicle that was eventually pulled over by another officer.
Research article-privacy and information sharing : Review the Pew Research Center article, "Privacy and Information Sharing", which argues that for many people.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd