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Supreme Court Ruling on Suretyship Liability by Cristina Javier-Barbacena is a document available to read on EtoBox.

What is Supreme Court Ruling on Suretyship Liability about?

The Supreme Court of the Philippines ruled that the petitioner was not liable for a loan taken out by employees of Intertrade corporation. The appellate court had found the petitioner liable as a surety, but the Supreme Court found there was no factual or legal basis for this finding. Specifically, there was no evidence that the loan was a corporate obligation or that the corporation had ratified or approved the loan in any way. Therefore, the petitioner could not be held liable as a surety. The Supreme Cou

Author

Cristina Javier-Barbacena

Language

EN