Andres Lao vs . CA Essay

Andres Lao versus CA, the Associated Anglo-Amedican Tabacco Corp. and Esteban Co. Feb 17, 2k

Corporate Officials not privately liable for Approved Corporate Acts

Facts: More than 40 years ago a Contract of Sales Agent was entered by the Association of Anglo-American Tobacco Corporation with Andres Lao. В Lao was to sell cigarettes made and transported by the Organization to his address in Tacloban, and he would remit the revenue proceeds. В Lao will receive commission payment for those marketed, with a month to month salary and operational allocated. В In 1968 Lao's attention was called to his gigantic accounts and the difficulty in getting a tally inspite of his avowal of regular remittance of collections. В In 1969 it was established that his the liability amounted to P525, 053. В As well, the Corp. discovered that Lao was involved in a construction business and suspecting that he redirected the sale profits to these kinds of business, it gave a requirement letter for payment of his obligations. В In addition, it found that contrary to his allegations, this individual did not have a huge collectible from customers and nothing was as a result of Corporation. В From then on, the Corp. will no longer sent him shipments. В In 1970, Andres, Jose and Tomas Lao brought a complaint pertaining to accounting and damages resistant to the Corp.. В The courtroom ordered equally to undergo a court supervised accounting although also ordered the Corporation to pay the Lao's genuine loss of revenue, moral problems, exemplary damage, atty. service fees and cost of suit. В Later the court offered a additional decision disregarding Lao's assert of overpayment. В The Corp. as well as the Lao's appealed. В The CA found the Corp. liable for real damages of loss of profits, moral injuries and exemplary damages. В It also purchased the Corp. to pay out the claim of overpayment by simply Lao. В The Corp. file a motion for reconsideration and during its pendency, Esteban Co, the new VP of the Corp. filed a complaint with the fiscal alleging Lao failed to remit a sum which this individual allegedly misappropriated and transformed into his individual...

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