Explains solidary liability for foreign principals in PH subcontracting, covering unpaid wages of outsourced security guards and janitors.
What is the liability imposed on directors or officers for issuing watered stocks? A director or officer who consents to the issuance of stocks for a consideration less than its par or issued value is personally liable for the difference (SEC. 64, Revised Corporation Code of the Philippines). Liability also extends to those who consent
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