Practice question
What consequence does Article 1344 expressly attach to incidental fraud?
- Automatic nullity of every related company
- Automatic criminal conviction without process
- Damages against the person employing it
- A mandatory transfer of every corporate asset
- No possible civil consequence
Legal references
- Civil Code: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360; Articles 1338-1339,1344, applied to special-fact share-purchase disclosure.
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