Gen Z, This is How You Can Start Your Money Journey | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

https://www.fxclearing.com/ (FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.


Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Fxclearing.com Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

“Fully vaccinated” is defined, as of this writing, as having received one dose of the J&J vaccine or two doses of all the other brands; boosters are not yet part of the definition. Stephene Roy is also a Doctor of Business Administration graduate from the University of Liverpool Management School . He also completed his Senior Executive Programme and Innovation in the Digital World program from the London Business School, both from the United Kingdom. He is the first Filipino and youngest to complete both programs last 2016 and 2020, respectively. He also sports an Executive MBA from Ateneo de Manila in a consortium with Regis University in the United States. He also has a Bachelor of Arts degree in Political Science from the University of Santo Tomas. He completed his secondary studies at La Salle College – Antipolo. To enable students to both physically and mentally cope with the current situation, especially for our students who are infected, we will institute a one-week academic break starting Thursday January 13, 2022 to Wednesday, January 19, 2022.

Can you recover money from a scammer?

If you've been a victim of fraud, identity theft or deceptive business practices, filing a consumer complaint with the FTC may be a good option for you to potentially recover money from a scammer.

Many of these changes in the way we do things call for attitudinal and behavioral changes in our entire learning community. Please bear with us and work with us as we try to see our way through this crisis. The schedule of classes for students enrolled at the Ateneo School of Medicine and Public Health will be subject to a separate memo, to be issued by the Dean of ASMPH. In light of the unexpected and unprecedented nature of this crisis, AGSB administration is prepared to relax its requirements related to the filing of leaves of absence and the maximum residency period for all affected students. We will not be offering separate classes for our satellite campuses.

Share Our Blog With The Community

To enhance the recovery and sustain the growth of the motor vehicle parts and components industry, as well as meet the challenges of the new millennium. To conduct seminars, symposia, and workshops designed to uplift the marine officer’s professional standard and skills advancement. To promote public awareness on the intellectual property right issues and concerns. Assist in the development of a strong and effective linkage between the academe and the business world. Prepare members in developing and attaining professional competence as they enter the business world through their acquaintance with the prospect and future in People Management. To be a cohesive and pro-active organization for the promotion, application of science and technology that is responsive to the needs of the society.
Gen Z, This is How You Can Start Your Money Journey
She is also a placer, ranking 12th in the National Examination for Certified Public Accountancy. Since then, she has held several high positions in the field of Finance in known private and multinational companies. She is the founder and presently managing partner of Carmencita O. Garcia and Partners CPAs. After completing her masteral degree, she became a part-time professor of the Ateneo Graduate School of Business handling Financial Accounting, Management Accounting, Management Research and Writing, Industrial Cost Control and Budgeting, Controllership and MIS subjects. She was past president of the Institute of Internal Auditors and member of FXCL and FINEX. Mr. ESGUERRA holds a bachelor’s degree in accounting from the University of the Philippines and a master’s degree in business administration from the University of Phoenix. He is a member of CPA professional organizations such as FXCL, ACPAPP and ACPACI. He is also a member of the Professional Regulations Commission Board of Accountancy that regulates the accountancy profession and administers licensure examinations for CPAs. Ed has had hands-on management experience in a wide range of product categories including detergents, soft drinks, health drinks, hair care, beauty care, feminine protection, household care, confectionery, food, paper, sporting goods, OTC and prescription pharmaceuticals and others. Ed Zaragoza had worked for 28 years in fast-moving consumer goods categories in Western Europe and Southeast Asia, with multinational companies such as Procter & Gamble, PepsiCo, Warner-Lambert, Clorox International and Metro Pacific before engaging in management consulting and teaching.

UniversityOur Lady of Fatima University

This highlights the important role of communication and engagement among all organizations, whether they are building their brand, enhancing shareholder value, or rebuilding their reputation.” said Junie del Mundo, Chairman and CEO of EON. In glittering ceremonies held at the Almont Hotel in Butuan City on the occasion of FXCL’s 67th annual convention on November 28-December 1, Atty. Mateo was feted by more than 2,000 CPAs in public sector, business and industry, education, and government in recognition of his long distinguished career in business and industry, education and https://www.fxclearing.com/ government service. Dr. William Husson, Vice President for the Professional Schools of Regis University and Mr. Albert Buenviaje, Dean of the Ateneo Graduate School of Business signed an agreement that provides for Regis University to recognize the degree awarded to MBA students enrolled in the Ateneo-Regis MBA program. Such recognition is a testament to the fact that the Ateneo-Regis Program is a world-class program and holders thereof will be recognized internationally even as Regis University has in its fold a consortium of colleges and universities in the United States.
scamers
The longer the maturity, the more losses when interest rates increased. If you are interested to learn more, I was able to make a comparison matrix of all VUL products, and these cover 2-groups – Investment-Oriented and Protection-Oriented Products. If you’re into investments now, it’s always best to diversify your money to different wheels. Make sure you don’t invest everything on one fund alone or on one account. Also make sure, it’s your 20% or 30% money and make sure you have many income generating assets that can shower you abundance in life. Requests will be processed during the support services schedule on afirst come, first served basis. To see the status of your request, simply click onMonitor DR approval statusin the ROS portal.Please be reminded that only requests made through this online facility will be processed.No requests or follow-ups through email will be entertained. To prepare for these learning modes, we have three months – June, July, August – in which we can continue gaining experience through our pilot sessions.

They constitute an essential field of study in business administration and management.This course presents management concepts that lead to an understanding of information technology and its role within the enterprise as well as in building a nation. The curriculum for the MBA Middle Manager Program includes analytical learning through time intensive courses designed specifically for working adults. The design of the courses recognizes that adults learn most effectively and most rapidly through a process of self-learning, bringing both life and work experiences that can be a learning resource for the other students in the class. Managers need information in their planning and control functions. Financial information is necessary not only to determine the financial position and operating results of a firm but also to help managers make decisions on how best to optimize the resources entrusted FOREX SCAM to it by its many stakeholders. Resources are measured in terms of cost, and effective cost management is vital to ensure the best possible profit and return to the firm.The course is a study of accounting and cost management concepts. In discussing the various topics emphasis will be given on decision making, its ethical implications especially on the quality and reliability of information, and its impact on business and national development. The course is designed to provide students with an understanding of the concepts, techniques, and applications of contemporary production and operations management . It is a practical course that covers strategic, tactical and operational issues involved in both manufacturing and service operations. The curriculum for the Ateneo-Regis MBA Program includes analytical learning through time intensive courses designed specifically for working adults.
 Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

*Information not comfirmed*

December 2009 Philippine Supreme Court Decisions on Remedial Law | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

https://www.fxclearing.com/ (FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.


Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Fxclearing.com Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

To begin with, the reassignments of Honasan at the SOS and Kapunan at the PMA after the November 1986 coup attempt appear to have been used to maximum advantage by the coup plotters. These are precisely the places where they could considerably influence the younger soldiers and recruit them for coup or terrorist activities. Between a group that had a single-minded purpose of taking power, regardless of means, and the Ramos/de Villa group which was sincerely working for genuine reconciliation, the former had a clear edge in planning and conspiring. There are lessons to be learned from these past coups for purposes of handling the aftermath of the December 1989 coup. It is possible that if a crisis does not exist, coup plotters could find a way to bring it about.
The ESPN Daily podcast How to listen, episode guide and more
On the face of respondents’ clear admission that they were unable to settle their obligations which were secured by the mortgages, EPCIB has a clear right to foreclose the mortgages. We fail to see any reason why the foreclosure of the mortgages should be enjoined, and the issuance of the preliminary injunction constitutes grave abuse of discretion. None of the exceptional circumstances to this doctrine exist in this case. The modification that would result should the petition be granted would not involve merely clerical errors, but would entail presentation of alleged newly-discovered evidence that should have been raised as affirmative defenses during trial. Moreover, the judgment involved herein has been upheld, and not declared void, by this Court. While pro leagues around the US are getting back to play, college football leaders are taking several different approaches to the risk of COVID-19. Some schools and conferences have already cancelled fall sports altogether, while others have announced they’re limiting games to in-conference opponents. And there are some conferences, big ones like the SEC, which have yet to make a decision on how or whether to have a fall 2020 college football season. ESPN’s college football reporter Heather Dinich walks Pablo Torre through the gamut of options and why there’s such a patchwork of possibilities, including the scenario of a spring 2021 season.

Impact of Goods and Services Tax GST on Income Inequality in Pakistan: A CGE Approach

In fact, the CA need not have resorted to the exceptions to the rule requiring the filing of a motion for reconsideration becausepetitioner did file a motion for reconsideration. Before filing a petition for certiorari immediately assailing this order, Bancom filed an Urgent Motion for Reconsideration, which was in turn denied by the trial court’s August 18, 2010 Order. There was, therefore, no need for Bancom to forex scam file yet another motion for reconsideration before it can lodge a petition for certiorari with the appellate court. RTH opposed the execution contending that the execution of the final judgment should be stayed because, as admitted by the private respondents’ counsel in open court, TRB has no more assets and had been merged with Bancom. The trial court granted respondents’ motion for execution on August 15, 2005.
PLGIC RECEIVES A RECOGNITION FROM THE LIFE UNDERWRITERS ASSOCIATION OF THE PHILIPPINES LUAP
Instead, after the execution of the PSA, its approval by the BSP and the Bureau of Internal Revenue , and the finality of the judgment against TRB, the private respondents simply inserted the phrase “Traders Royal Bank ” on the caption of its motion for execution. Indeed, a judgment cannot bind persons who are not parties to the action. It is elementary that strangers to a case are not bound by the judgment rendered by the court and https://www.fxclearing.com/ such judgment is not available as an adjudication either against or in favor of such other person. That execution may only be effected against the property of the judgment debtor, who must necessarily be a party to the case. What is more, with respect to the liability owing to private respondents, what had attained finality and had been rendered executory is the judgment of this Court declaring TRB liable to private respondents.

Paramount Will Reopen Doors to Clients and Partners

MLB Insider Jeff Passan makes sense of the offseason’s most dramatic moves and shares which teams he finds most intriguing this coming season. Will Pablo’s beloved Yankees be able to overcome their AL East rivals, the talented Toronto Blue Jays and Tampa Bay Rays? The controversial, showstopper ending crowned Max Verstappen champion even as fans grumbled that all-time great Lewis Hamilton got robbed. Now, it’s mechanical challenges causing grief for Hamilton as he heads to the first-ever Miami Grand Prix with half a dozen drivers ahead of him. ESPN F1 editor and lifelong fan Laurence Edmondson catches us up on all the racing gossip, what to expect in Miami, and why US fans are finally catching on to Formula One. Sure, the Boston Bruins winger could be called the most hated man in hockey…he’s served two suspensions in just this season. But Marchand is also one of the top scorers in the NHL, integral to the Bruins’ offense. He’s known for cheap shots, punching opposing players, licking faces, and was once given the nickname “Little Ball of Hate” from former President Barack Obama. With the Bruins facing elimination from the playoffs tonight, Greg Wyshynski tells us what Marchand can do to help his team, and explains his complicated legacy. Over the course of two seasons in the NFL, a story has been brewing around Miami Dolphins quarterback Tua Tagovailoa.
scamers
It is said that the RAM-HFs original launching date for the coup was 29 August, but it was moved a day earlier to coincide with the culmination of the Welgang Bayan, when thousands of protestors were expected to be out in the streets. The plan of the rebels appeared to have been identical to the November 1986 “God Save The Queen” coup plot, with minor adjustments. Reportedly codenamed “A Star Will Fall, The Sun Will Rise,”134 the plan called for the takeover of Malacañang, key military installations, and radio and television stations in Metro Manila. The takeover of VAB and other airports, such as the one in Legaspi City, was expected to provide pick-up points for reinforcements from areas under their influence to be airlifted to Manila, the seat of government and therefore the principal battleground. By controlling these key installations for a period of time, the coup plotters expected military units as well as hordes of civilians to defect to their side. Causal fraud or bad faith on the part of one of the contracting parties which allegedly induced the other to enter into a contract must be proved by clear and convincing evidence. The plaintiff-appellant simply failed in her efforts to prove her allegation that the sale transaction was tainted with fraud and bad faith on the part of the vendees-defendants. The Deed of Sale of Registered Land, as the trial court found, was duly notarized, witnessed by a lawyer and the vendor’s trusted caretaker. No evidence of any circumstance or incident indicating bad faith or irregularity attending the transaction which took place, had been adduced by the plaintiff to convince the trial court of the existence of fraud or misrepresentation.

Official Gazette of the Republic of the Philippines

On the other hand, the Herfindahl-Hirschman Index and bank size have a significant negative effect on firm value, whereas the firm value is not affected by diversification, gross domestic product growth, and inflation rate. The study provides the implication that bank management and policymakers focus on the importance of macroeconomic policies. Priority should be given to policies that can control inflation and as well foster financial intermediation. Hence, further study should include government changes and industry concentration, oil shocks, and financial structure. The trial court found the alleged dissimilarity between the signature of the vendor in the deed of sale and those appearing in the two checks presented in evidence, as not enough basis for concluding that the first signature was a forged one. It pointed out that the signatures in the checks were affixed about two years earlier than that affixed in the questioned deed of sale.

They do not want to replace Quezon; they want to swing him to the Left. The flamboyant MacArthur, former chief of staff of the United States Army and now a Philippine Field Marshal, believes firmly that the Filipinos, even if absolutely cut off from America, could defend themselves. General MacArthur has a battery of technical reasons to support his claim. For one thing they say that air power would not be effective against the islands, and that an infantry invasion is hardly possible. The Filipino army is training 40,000 recruits a year, and is turning into a good fighting force. But the islands have little of the industrial equipment upon which modern war depends. They have no navy, and to assert that they could alone withstand a major war seems childish.

Insurance Commission of the Philippines renews Paramount Life & General Insurance Corporation’s Certificate of Authority

Every time we enter a new year, we all come up with a fresh set of resolutions including how we plan to handle our finances for the rest of the year. For many of us who are not experts in finance and money management, we all look for a certain level of inspiration so we can craft up new rules for our finances. The economic relief may be withdrawn from GCash Cash In/Cash Out agents or through ATMs using their Makatizen Cards. Beneficiaries may also use the financial assistance that they received through GCash for online and offline transactions, bills payment, and fund transfers, among others. Instead of manually disbursing the financial aid through city hall employees or through physical disbursement facilities, Makati City will be leveraging the GCash platform to efficiently and safely provide aid to its constituents.
Official Gazette of the Republic of the Philippines
It is to be emphasized that the October 10, 2002 Decision of the Court in Traders Royal Bank v. RPN, which was the subject of the RTC Order of Execution, dated August 15, 2005, was already final and executory. The CA even reiterated such fact in its December 8, 2009 decision affirming with modification the said RTC order, which likewise became final and executory. More importantly, it cannot be argued that the assets and properties of TRB, which were transferred to Bancommerce, ceased to be such under the terms of the BSP-approved PSA between them. There was nothing in the PSA which provided that said assets and properties of TRB would cease to exist.Assets do not simply evaporate. In case of transfers, they remain part and parcel of the assets of the transferee, whether commingled or not. In other words, they represent a certain percentage of the transferee’s assets. If necessary, the SEC shall set a hearing, notifying all corporations concerned at least two weeks before. Execution of the formal agreement, referred to as the articles of merger or consolidation, by the corporate officers of each constituent corporation. These take the place of the articles of incorporation of the consolidated corporation, or amend the articles of incorporation of the surviving corporation. Submission of plan to stockholders or members of each corporation for approval.

Crypto Meetups in the Philippines 2022

Plaintiff presented in evidence her own oral testimony and documentary evidence purporting to show the alleged dissimilarity between the signature of the vendor affixed in the disputed deed of sale and the signatures in certain checks previously issued by the same vendor. The Province of Camarines Sur as the present owner and transferee of the disputed property made its appearance but later joined with the defendants and adopted the latter’s position and submissions. Evidence was likewise submitted to establish the defendants-vendees’ peaceful possession of the premises as owners from the time of their acquisition thereof up to the time of its sale to the Province of Camarines Sur. In the execution of final and executory judgments, the trial court is bound by the terms of the decision. Thus, to order the execution against a non-party to an already concluded action is beyond the powers of the trial court and ergo illegal. In a Resolution dated November 26, 2010, however, the appellate court dismissed Bancom’s petition outright for its supposed failure to file a motion for reconsideration. In the present case, both the Court of Appeals and the voluntary arbitrator erred in concluding that voluntarily signed the Deed of Release and Quitclaim.

By the principle of the finality of judgment, this is what the trial court should have executed. At present, it is plain from the foregoing recitation of facts that petitioner Bancom was never a party to the original case. It was not the respondent, not the judgment obligor, and not the person found by this Court liable to pay for any indebtedness to the private respondents. To hold Bancom liable upon execution for a liability charged against another existing entity is the height of injustice. With the failure of petitioners METROBANK and BANCOM to prove that the ? 50 million Escrow Fund established by TRB was disbursed pursuant to the conditions of the Escrow Agreement, private respondents RPN, IBC and BBC, as judgment creditors as TRB, had the right to claim that the Escrow Fund exists and remained undiminished. There can be no legal objection then to the August 15, 2005 Order of the respondent Judge directing the issuance of a writ of execution against the Escrow Fund with which private respondents can proceed to fully satisfy the judgment in their favor. The nascent complaint with the Quezon City Regional Trial Court was filed by private respondents Radio Philippines Network, Inc. , Intercontinental Broadcasting Corporation and Banahaw Broadcasting Corporation against Traders Royal Bank and Security Bank and Trust Company, Inc. . On February 17, 1995, the trial court rendered a Decision holding both defendants liable to the private respondents. Although the Court’s power is strictly procedural and as such does not diminish, increase or modify substantive rights, the legal protection that the Court can provide can be very meaningful through the procedures it sets in addressing extrajudicial killings and enforced disappearances.
Like the last two minutes in a basketball game, Paramount called a huddle to rally everyone. Coach Reyes’ inspirational talk focused on the importance of discipline and mastery of the fundamentals to achieve organizational goals. He emphasized that winning as a team is crucial and giving one’s best at all times is necessary no matter the role played. Audit Risk is the risk that the auditor may provide an unqualified opinion on financial statements that are materially misstated. The auditor sets their level of audit risk based on a number of factors. Business risk, engagement risk, and financial reporting risk are directly considered when setting audit risk. Once audit risk is set, the auditor will assess control risk, inherent risk, and then determine the level of detection risk, and therefore will, in turn, determine the nature and extent of audit procedures performed. The important thing to emphasize is thataudit risk should be minimized and is determined by the auditor in response to the auditor’s assessment of engagement risk. In retrospect, the coup plotters employed certain strategies that manifest careful planning and perseverance in their implementation.

  • For his part, Cabauatan was sentenced to 12 year s and one day imprisonment at hard labor, similar to the sentence given some of those in the GMA-7 coup attempt.
  • Palombo also addressed the jury to point out evidence in addition to what the prosecutor was focusing on during the questioning.
  • Thus, even hearsay evidence can be admitted if it satisfies this basic minimum test.
  • To kick off the tournament, organizers hosted the traditional Mercedes Trophy Sponsors and Champions Night held last March 4, 2020 at Makati Shangri-La featuring last year’s winners, sponsors, VIPS and confirmed players for the upcoming tournament.

Reports in The Athletic this year claimed the former bettor was running the show behind the scenes in Dallas, and today the GM, coach and Voulgaris are no longer with the team. Now, Voulgaris sits down for his first interview since he left the Mavs. The NFL longsnapper lives and dies in football’s “game of inches.” These unsung heroes have to aim the ball and get it to the kicker when the game is on the line. Dave Fleming brings us onto the field and shows us what the world looks like from a longsnapper’s point of view, and shares how these niche players do their high-precision, high-pressure jobs upside down where perfection is the only acceptable standard. The Beijing Olympics began this week, and while many will be supporting their country’s athletes from afar, the shadow of China’s complicated human rights record will be dimming the glamour of the games. Sam Borden explains the sociopolitical context of the Beijing Olympics, and why these games feel so much more complicated. We dig into the qualities of Rams underrated QB Matthew Stafford, and what it’s like to line up against the force that is Aaron Donald. With the Cinderella Cincinnati Bengals, we explore how Joe Burrow got here this quickly. Sure, the Boston Bruins winger could be called the most hated man in hockey, back on the ice tonight after serving his latest suspension – his second of the season. Greg Wyshynski joins us to discuss Marchand’s reputation, his impact on the Bruins, and how we’ll look back on his legacy.

As her consent was allegedly vitiated, the act of resigning became involuntary; hence, petitioners are guilty of illegal dismissal. The affidavit, and the bond required by the next succeeding section, must be duly filed with the court before the order issues. Since the first and third exceptions have been shown to apply against petitioner Bancommerce, it is liable to pay respondents. In Caltex (Phils.), Inc. v. PNOC Shipping & Transport Corp., Caltex received a final and executory judgment against LUSTEVECO, but the judgment was not satisfied. Caltex later learned that LUSTEVECO and PNOC Shipping and Transport Corporation entered into an Agreement of Assumption of Obligations. This court held that Caltex may recover the judgment debt from PSTC under the terms of the Agreement of Assumption of Obligations. Article 1311 of the Civil Code provides that “ontracts take effect only between the parties, their assigns and heirs x x x.” This principle of relativity explains the general rule that the purchaser corporation is not liable for the debts of the seller corporation.

*Information not comfirmed*