Practice question
What corporate-law distinction was material to Stonehill’s ruling about corporate papers seized from corporate premises?
- Corporations have no existence in law.
- A corporation’s personality is separate from its officers’ personal identities.
- Every officer personally owns all corporate property.
- Every shareholder is the same legal person as the corporation.
- A corporation is automatically the police officer’s agent.
Legal references
- Stonehill v. Diokno, G.R. No. L-19550, June 19, 1967, main decision: https://lawphil.net/judjuris/juri1967/jun1967/gr_l-19550_1967.html
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