Practice question
Can a specific law expressly making an officer personally liable be ignored solely because the corporation has a separate personality?
- Yes; separate personality repeals every statute.
- No; the law and its factual conditions must be applied.
- Only the corporate name matters.
- Yes; all statutory exceptions are void.
- The officer may select which statutes exist.
Legal references
- Team Pacific Corp. v. Parente, G.R. No. 206789, July 15, 2020, main decision, corporate-liability exceptions: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/66895
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