This case has been cited 2 times or more.
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2013-12-11 |
BRION, J. |
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| In Inter-Asia Investment Industries v. Court of Appeals,[78] we explained:Under this provision [referring to Sec. 23 of the Corporation Code], the power and responsibility to decide whether the corporation should enter into a contract that will bind the corporation is lodged in the board, subject to the articles of incorporation, bylaws, or relevant provisions of law. However, just as a natural person who may authorize another to do certain acts for and on his behalf, the board of directors may validly delegate some of its functions and powers to officers, committees or agents. The authority of such individuals to bind the corporation is generally derived from law, corporate bylaws or authorization from the board, either expressly or impliedly by habit, custom or acquiescence in the general course of business, viz.: | |||||
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2005-01-17 |
CARPIO, J. |
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| The award of attorney's fees is not proper because AMEC failed to justify satisfactorily its claim for attorney's fees. AMEC did not adduce evidence to warrant the award of attorney's fees. Moreover, both the trial and appellate courts failed to explicitly state in their respective decisions the rationale for the award of attorney's fees.[49] In Inter-Asia Investment Industries, Inc. v. Court of Appeals,[50] we held that:[I]t is an accepted doctrine that the award thereof as an item of damages is the exception rather than the rule, and counsel's fees are not to be awarded every time a party wins a suit. The power of the court to award attorney's fees under Article 2208 of the Civil Code demands factual, legal and equitable justification, without which the award is a conclusion without a premise, its basis being improperly left to speculation and conjecture. In all events, the court must explicitly state in the text of the decision, and not only in the decretal portion thereof, the legal reason for the award of attorney's fees.[51] (Emphasis supplied) | |||||