Log In Create Account

Philippine Bar review · Question

Practice question: Liability of Corporate Officers; Exceptions

Multiple Choice Hard Jurisprudence

Practice question

Two officers are respondents. Only one signs an enforceable personal solidary undertaking covering a specified dismissal award. The other neither signs nor authorizes a personal undertaking, and no separate basis against that officer is proved. Which is best?
  1. Apply the undertaking to its actual obligor and scope; do not automatically impose it on the other officer.
  2. One officer’s personal promise necessarily binds every officer personally.
  3. All corporate officers are a single natural person.
  4. A personal agreement eliminates the need to identify its parties.
  5. The undertaking automatically binds former employees too.

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

Answer this question in flashcards to review your response and continue practicing.