Practice question
Five persons are named in a complaint solely because all are directors. No agreement, participation or formation for the unlawful scheme is established. Is the headcount alone sufficient to prove the PD1689 syndicated form?
- Yes, every board is a criminal syndicate
- Yes, directorship conclusively proves deceit
- Yes, if the corporation has debts
- Only the company’s name matters
- No; the statutory unlawful syndicate and participation requirements still require proof
Legal references
- PD1689 Section1: https://lawphil.net/statutes/presdecs/pd1980/pd_1689_1980.html
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