About this document
Dulay Enterprises Property Sale Ruling by Nikki Joanne Armecin Lim is a document available to read on EtoBox.
This summary provides the key details from the document in 3 sentences: Manuel Dulay Enterprises owned an apartment property that Manuel Dulay sold to the Velosos through a board resolution, but without approval from all board members. When the Velosos defaulted on payments, the property went to Torres in a foreclosure sale. The court upheld the sale to Torres, finding that as a "family corporation" the board resolution was not necessary, and the absent board member did not promptly object so the sale was
- Author
- Nikki Joanne Armecin Lim
- Language
- EN