Sadsad Tamesis Legal and Accountancy Firm

Author name: Patricia Minimo

Can tax declarations be considered as proof of ownership instead of a registered title? PHOTO: Stoica Adrian

Can tax declarations be considered as proof of ownership instead of a registered title? | Ebancuel, et al. v. Acierto, et  al., G.R. No. 214540

NO. The respondents’ tax declarations are insufficient proof of ownership. A tax declaration does not prove ownership, but rather serves as an indicium of possession in the concept of ownership.

Can tax declarations be considered as proof of ownership instead of a registered title? | Ebancuel, et al. v. Acierto, et  al., G.R. No. 214540 Read More »

Is a Property Exempt From Execution as “Family Home” After Mortgage and Foreclosure? PHOTO: Handmadefont/CANVA

Is a Property Exempt From Execution as “Family Home” After Mortgage and Foreclosure? | G.R. No. 257251

This case examines whether heirs may still invoke the family home exemption after the property was waived in favor of one heir, mortgaged to a bank, and was later subject to foreclosure due to loan default. The Supreme Court clarified the limits of the family home exemption, emphasized the importance of timely invocation before the sheriff, and outlined the protection afforded to a mortgagee acting in good faith.

Is a Property Exempt From Execution as “Family Home” After Mortgage and Foreclosure? | G.R. No. 257251 Read More »

IFRS 18: Updates on the International Financial Reporting Standards. PHOTO: Michael Cohn/ACCOUNTINGTODAY

IFRS 18: Updates on the International Financial Reporting Standards

The IFRS serves as an international standard for financial reporting. It is adapted and used in more than 168 jurisdictions. However, this does not mean that all of these jurisdictions fully follow IFRS. Some jurisdictions have modified the standards to fit their own requirements, some permit only certain companies to use them, while others have fully adopted them.

IFRS 18: Updates on the International Financial Reporting Standards Read More »

Is a Marriage Void if the Solemnizing Officer Was Unauthorized? PHOTO: pixelshot/CANVA

Is a Marriage Void if the Solemnizing Officer Was Unauthorized? | G.R. No. 267998

As a general rule, a marriage solemnized by an unauthorized officiant is void. However, the Court held that under Article 35(2) of the Family Code, the marriage remains valid if one or both of the participating parties believe in good faith, and it is with this belief that grants the solemnising officer the authority. Hence, the marriage continues to have full legal effect, and even with the lack of legal capacity by the officiating person, the marriage should not be declared void.

Is a Marriage Void if the Solemnizing Officer Was Unauthorized? | G.R. No. 267998 Read More »

Is a Drugstore Liable for Dispensing the Wrong Medicine? PHOTO: MJ Prototype/GETTY IMAGES

Is a Drugstore Liable for Dispensing the Wrong Medicine? | G.R. No. 165622

Mercury Drug and Ganzon were grossly negligent in dispensing ear drops instead of eye drops. In the purchase and sale of drugs, there is an imperative duty on the druggist to take precautions to prevent death/injury to any person who relies on one’s absolute honesty and peculiar learning.

Is a Drugstore Liable for Dispensing the Wrong Medicine? | G.R. No. 165622 Read More »

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