Tuesday, January 20, 2009

Philippine bar exam questions 2008 (Mercant Q12)

Pedro owns 70% of the subscribed capital stock of a company which owns an office building. Paolo and Juan own the remaining stock equally between them. Paolo owns a security agency, a janitorial company and a catering business. In behalf of the office building company, Paoplo engaged his companies to render their services to the office building. Are the service contracts valid? Explain. (4%)

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