CIVIL LAW GOLDEN NOTES 2011 UNIVERSITY OF SANTO TOMAS FACULTY OF CIVIL LAW MANILA Academic Year 2011‐2012 CIVIL LAW STUDENT COUNCIL Lester John A. Lomeda Wilfredo T. Bonilla‚ Jr. Raissa S. Saipudin Bernadette Faustine C. Balao Marc Mikhaele J. Santos Victor Lorenzo L. Villanuea President Vice‐President Secretary Treasurer Auditor Public Relations Officer TEAM: BAR‐OPS 2011 Diane Camilla R. Borja Carlo Artemus V
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the Statement of Principles for Financial Reporting on current UK financial reporting practice‚ by using examples on the topic of accounting for liabilities. In the Statement of Principles the ASB defined liabilities as follows: "Liabilities are obligations of an entity to transfer economic benefits as a result of past transactions or events" (paragraph 4.24). There are two types of
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petitioners were unable to pay their obligation prompting the PNB to extrajudicially foreclose the mortgage over the subject properties. Subsequently‚ the petitioners file a Complaint against the PNB before the RTC for Declaration of Nullity of Extrajudicial Foreclosure of Mortgage. The Complaint alleged that PNB filed a petition with the Office of Manadaue City Sheriff for extrajudicial foreclosure on the petitioner’s properties for an outstanding loan obligation amounting to P 1‚991‚770.38. During
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G.R. No. 170479 February 18‚ 2008 ANDRE T. ALMOCERA‚ petitioner‚ vs. JOHNNY ONG‚ respondent. D E C I S I O N CHICO-NAZARIO‚ J.: Before Us is a Petition for Review on Certiorari under Rule 45 of the 1997 Rules of Civil Procedure which seeks to set aside the Decision1 of the Court of Appeals dated 18 July 2005 in CA-G.R. CV No. 75610 affirming in toto the Decision2 of Branch 11 of the Regional Trial Court (RTC) of Cebu City in Civil Case No. CEB-23687 and its Resolution3 dated 16
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Goals and Directive Principles‚ Basic Rights and the Basic Social Obligations of the PNG Constitution want for PNG” Name: Fredah Wagia ID#: 20110971 Major: Social Work (SHSS-BAIII) Course: Law & Society Name: Fredah Wagia ID#: 20110971 Major: Social Work (SHSS-BAIII) Course: Law & Society “Describe the kind of society that the national goals and directive principles‚ the Basic Rights and the Basic Social Obligations of the Constitution want for Papua New Guinea” The National Goals
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Negotiable Instruments L08 Explain how the liability of a party to pay an instrument is normally discharged. Discharge of Liability The obligation of a party to pay an instrument is discharged (1) if he meets the requirements set out in Revised Article 3 or (2) by any act or agreement that would discharge an obligation to pay money on a simple contract. Discharge of an obligation is not effective against a person who has the rights of a holder in due course of the instrument and took the instrument without
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Promises 5. Pre-existing Obligation a. Modification of a Pre-existing Contract b. Substituted Contracts c. Settlement of a Undisputed Debt d. Settlement of an Disputed Debt B. Bargained-For-Exchange 1. Past Consideration 2. Third Parties C. Contracts without Consideration 1. Promises to Perform Prior Unenforceable Obligations a. Promise to Pay Debt Barred by the Statute of Limitations b. Promise to Pay Debt Discharged in Bankruptcy c. Voidable Promises d. Moral Obligation 2. Promissory Estoppel 3
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natural as breathing. When one applies critical thinking to ethics‚ the use of these three questions will help in almost any scenario. What are the moral responsibilities that are tied to the issue? Are there conflicts in one’s own moral ideas or obligations with this issue? What is the best outcome that one can achieve to reach one’s goal while keeping with one’s own moral code? In the Internet video‚ “To drill or Not to Drill”‚ Nightline (2004) states that there may be an ethical and environmental
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Topic 4: Hart’s Legal System i) Law as the Union of Primary and Secondary Rules‚ H.L.A. Hart‚ The Concept of Law 79-99 (2nd ed.‚ 1961) 84 ii) The Foundations of a Legal System‚ H.L.A. Hart‚ The Concept of Law 100-123 97 Q’s Rule of Recognition‚ Legal positivism‚ Internal and External Aspects of Rules‚ Criticism of “ Predictive Interpretation of Austin Distinction between ultimate rule of recognition and the supreme criteria of validity Difference between Kelsen Grundnorm and the rule
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“rights and obligations of the seller and the buyer”. The wording of the first sentence of Article 4 has been criticised as being too narrow‚ since it does not mention matters clearly covered by the Convention such as the interpretation of statements regulated in Article 8 or the modification of contracts mentioned in Article 29.9 At the same time‚ matters which are considered in many jurisdictions to relate to the formation of contracts are not covered by the Convention. Sellers Obligations A seller
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