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The Supreme Court ruled that Y-I Leisure Philippines, Inc., Yats International Ltd. and Y-I Clubs and Resorts, Inc. were jointly and severally liable to James Yu despite an absence of fraud in the sale of assets from Mt. Arayat Development Co., Inc. (MADCI) to the petitioners. MADCI sold all its assets to the petitioners, rendering it unable to return Yu

Author

Ehlla Macatangay

Language

EN