Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

Showing 1–3 of 3 articles for “assumption of liability”

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Mar 11, 2015 assignment of credit assumption of liability receivables condominium hlurb bank liability

Assignment of Credit vs. Assumption of Liability: Clarifying a Bank's Role in Property Development

When a bank buys a developer's receivables, does it inherit the developer's obligations to buyers? The Supreme Court clarifies the distinction.

Dec 3, 2012 corporate law trust receipts personal liability corporate officers piercing the corporate veil guarantees

Personal Guarantees and Piercing the Corporate Veil: Lessons from Crisologo v. People

When corporate officers sign personal guarantees, they may face personal liability. The Supreme Court clarifies the limits in Crisologo v. People.

Oct 24, 2005 labor law foreclosure worker preference asset privatization employer liability

Foreclosure Sales and Labor Claims: When Buyers Are Not Liable for a Mortgagor's Debts

The Supreme Court clarifies that a mortgagee-creditor who buys foreclosed assets does not automatically assume the mortgagor's labor liabilities.