Philippine Daily Inquirer issue entitled 'BSP files P1-B syndicated estafa case vs Legacy owner' [dated February 27, 2009] shows an example of breach of trust in pre-need plans, if not "estafa" committed by a syndicate according to BSP.

There are other news on the charges against Legacy.

"Pre-need plans" are contracts which provide for the performance of future services or the payment of future monetary considerations at the time of actual need, for which planholders pay in cash or installment at stated prices, with or without interest or insurance coverage and includes life, pension, education, interment, and other plans which the Commission (Securities and Exchange Commission) may from time to time approve (Sec. 3.9 of the Securities Regulations Code [SRC]).

Those who have invested are in quandary since the closure of all Legacy companies as early as December 8, 2008 "leaving a huge number of investors empty-handed".

My sister Rhoda B. Cua, owner of Crystal Waters, Bonifacio Street,Tagum City, is the person responsible for the background lay out of my blog site. Her water station is powered by Living Water Technology.

click here for sample forms in many contracts, including those of sales: ----> FORMS

Republic Act No. 386, as amended, otherwise knowm as the New Civil Code of the Philippines defines a contract of sale as follows:

" Art. 1458. By the contract of sale, one of the contracting parties (seller) obligates himself to transfer ownership of and to deliver a determinate thing, and the other (buyer) to pay therfor a price sertain in money or its equivalent."

It appears from this provision of law that the seller need not be the owner of the thing subject of the sale for as long as the thing is not yet delivered. However, he must be the owner of the thing during the delivery. In technical terms, delivery is called tradition. Tradition transfers ownership. The same provision also appears to tell the reader that if the seller, who is not the owner of the thing sold to the buyer later on became the owner of the property sold, the transfer of ownership is by operation of law.

Any comments?

I found this site and I think it can help:

Click here

Labels: ramdom thoughts

I forgot to introduce myself as part of PGCAG. The list include our leaders.

Labels: organizations

I studied History at the University of the Philippines at Los Baños (UPLB) during my undergraduate studies as part of our curriculum. In one of our sessions, one interesting came up: 'TRIBES IN THE HISTORY OF THE PHILIPPINES'. (to those who would like to study at UPLB click here for qualifications and requirements.)

One of the tribes mentioned was the IGOROTS. Our professor opined that the term "i-gorot" is a generic term for all people who are living in the outskirts of the mountains "gorot" according to him means, mountain. While the term "tagalog" or properly spelled as "taga-ilog".

Is it possible to achieve unity in the country? comments...

Per request of my readers, especially, LOUIE, i will attempt to elaborate the fact of tribal war in Kalinga Province and neighboring provinces, its origins, cause and effects.

Click here for a brief introduction on the fact of tribal war in the area. You can also click here for more information.

Tribal Wars exist in Kalinga Province. Note that the name "kalinga" means, "enemy" or "fighter".

However, no one can pinpoint with certainty when tribal started in the area. What we are certain of is that tribal wars happened and they are still happening.

There are several origins of tribal wars.

The most common is territorial expansion. When the tribes expand their hunting grounds, they come in conflict with the tribes occupying the grounds to be hunted. Thus, war ensue. The reason here is survival.

My greatgrandfather told me a story of how their "fun" ended in a tribal war. They made "fun" of another villager and in the process killed the man. The other tribe wanted to retaliate and their retaliation led to a killing one of my grandfather's villagers. That killing led to another and so forth. The reason here is retaliation.

Another is Cañao, originally, a form of spirits summoning. The warriors headhunt their enemies' and success is celebrated in Cañao. Today, Cañao is known as a feast in many Cordilleran Villages. But to those who understand the original intent of a Cañao, they would see the war dances displayed during the celebration. The reason here is animism.

Regardless of whether or not tribal wars are fought by reason of survival, retaliation or animism, one thing is sure : people die. A mother mourns for her husband or for her son. Or a son cries for his father. Or a father for his son.

Recent reports tell us that the system of Bodong following the rule of PAGTA or called the law of the Bdong is keeping the province peaceful.

Labels: tribal war