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Fraud Allegations in Makati Sports Case by Rizchelle Sampang-Manaog is a document available to read on EtoBox.

What is Fraud Allegations in Makati Sports Case about?

This document summarizes a court case regarding alleged fraud in the transfer of a stock share of Makati Sports Club, Inc. The plaintiff Makati Sports Club alleged that defendant Cheng, in collaboration with McFoods, committed fraud by allowing McFoods to purchase a stock share only to immediately resell it at a higher price to another buyer. The court found no fraud was committed. A stock certificate is not essential to stock ownership, so McFoods became the owner upon payment and execution of sale documen

Author

Rizchelle Sampang-Manaog

Language

EN