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crayter

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Posts posted by crayter

  1. I want to inquire on the taxing powers of the municipality. A provision found in the Local Government Code (143) states that exporters are subject to 1/2 of the normal rate for business taxes. But in the Quezon City Revenue Code, they have removed this provision to increase their revenue. I even confirmed this with the City Treasurer, he said that it is not applicable even if the said reduced rates were being extended in other municipalities like Makati and Manila. Thanks in advance.

  2. An institution in the banawe resto circle has ceased to be:

     

    Word from very reliable sources that CHINATOWNs BEST FOOD has decided to close down after many years in operation. It was still not clear if the recent major flooding in the metropolis (of which it did considerable damage to their equipment) was the main factor or that they had been planning it for a considerable amount of time already.

     

     

    Nooooooooooo!

     

    I can remember every time I leave the place and saying to myself na naisulit ko ang bayad ko. :upside:<_<

  3. Actually mahilig lang magbasa basa :P Thanks for taking time in answering my question. :thumbsupsmiley:

     

    Hmmm. I can sense you're a law student. Just to satisfy your curiousity.

     

    1. the holder will only be considered a holder in due course if the PN complies with Section 1 of NIL. This is so because the provisions of the NIL will only apply if the document complies with Section 1.

     

    By the way, in the real world, rarely do people make their PN's negotiable.

     

    2. After the maturity of the PN, the holder will no longer a holder in due course.

  4. Ask ko lang po. Hindi ba holder document ang PN? As long as holder in due course ka ay puwede ka magcollect? Curious lang. Thanks

     

    1. Death of creditor does not extinguish debt.

    2. Action to collect from a written contract within ten years from the time the right of actions accrues.

    2.1 Right of Actions accrues when the debt is due and demandable.

    2.2 The time when a debt is due and demandable is written in the contract (in your case the PN is the contract)

    3. You may collect from the debtors personally or seek assistance from the Courts where you will need the services of counsel

     

     

    Hi FL

     

    Ikaw ba ang lawyer assign dito? Puwede bang magtanong? Thanks

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