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Supreme Court Ruling on Partnership Liability by Jessa F. Austria-Calderon is a document available to read on EtoBox.
What is Supreme Court Ruling on Partnership Liability about?
Ceron, a managing partner of the stock brokerage firm Hill & Ceron, sold mining shares to Litton but only partially paid him, leaving a balance of 720 pesos unpaid. Litton sued Hill & Ceron and others to recover this balance. The lower court found Ceron personally liable but absolved the partnership. The appellate court affirmed. However, the Supreme Court concluded that because the partnership was not properly dissolved according to law and Ceron could not engage in the stock brokerage business individuall
- Author
- Jessa F. Austria-Calderon
- Language
- EN