Practice question
A Philippine-incorporated company is wholly foreign-owned and identifies no applicable constitutional exception. It wants to buy ordinary private land and argues incorporation in the Philippines alone makes it qualified. Which is correct?
- Every locally incorporated company is land-qualified regardless of ownership
- Foreign control becomes Filipino ownership upon SEC registration
- Any business license overrides Article XII
- Only the purchase price determines eligibility
- Local incorporation alone does not satisfy the constitutional nationality qualification; the proposed acquisition cannot rely on that fact alone
Legal references
- https://lawphil.net/consti/cons1987.html — Constitution, Article XII sections 2–3 and 7–8
- https://lawphil.net/statutes/bataspam/bp1982/bp_185_1982.html — BP 185, sections 1–3, former natural-born citizens residential land
- https://lawphil.net/statutes/repacts/ra1996/ra_8179_1996.html — RA 8179, section 5, former natural-born citizens business or other purposes
Answer this question in flashcards to review your response and continue practicing.