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Traders Royal Bank vs. NMPC Suability Case by Hanneza Mae Duallo is a document available to read on EtoBox.

What is Traders Royal Bank vs. NMPC Suability Case about?

1) Traders Royal Bank filed a complaint against the National Media Production Center (NMPC) and another corporation to collect on an unpaid loan. 2) NMPC claimed it was immune from lawsuits as a government entity. However, the court found that NMPC entered into a loan agreement for a business undertaking rather than its function of disseminating government information. 3) While NMPC argued it was only acting as a guarantor for the other corporation, the loan agreement did not distinguish NMPC

Author

Hanneza Mae Duallo

Language

EN