Ramon ampil

Stock market transactions affect the general public and the national economy. The rise and fall of stock market indices reflect to a considerable degree the state of the ramon ampil. Trends in stock prices tend to herald changes in business conditions.

Try landscape mode in iPad or tablet. Title Ampil vs. Case A. Decision Date Feb 4, A complaint against Atty. Moises P. Cating for alleged forum shopping, splitting of causes of action, and filing of baseless suits is dismissed by the Court due to lack of merit and supporting evidence.

Ramon ampil

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Decision Date Feb 4, ramon ampil, In the present controversy, the following pertinent facts are undisputed: 1 on April 8,respondent opened a cash account with petitioner for his transactions in securities; 10 2 respondent's purchases were consistently unpaid from April 10 to 30, ; 11 3 respondent failed to pay in full, or even just his deficiency, 12 for the transactions on April 10 and 11, ; 13 4 despite respondent's failure to cover his initial deficiency, ramon ampil, petitioner subsequently purchased and sold securities for respondent's ramon ampil on April 25 and 29; 14 5 petitioner did not cancel or liquidate a substantial amount of respondent's stock transactions until May 6,

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Ramon ampil

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Properties of obtuse angle

When petitioner tolerated the subsequent purchases of respondent without performing its obligation to liquidate the first failed transaction, and without requiring respondent to deposit cash before embarking on trading stocks any further, petitioner, as the broker, violated the law at its own peril. It is not right for a party who has affirmed and invoked the jurisdiction of a court in a particular matter to secure an affirmative relief, to afterwards deny that same jurisdiction to escape a penalty. Lee and Ma. Pine member. Losses to a given investor resulting from price declines in thinly margined securities are not of serious significance from a regulatory point of view. Security National Bank, supra at note Margin Requirements. As a result, the case was considered closed and terminated. Right is one thing; obligation is quite another. Respondent is ordered to pay petitioner the difference between the former's outstanding obligation as of April 11, less the proceeds from the mandatory sell out of shares pursuant to the RSA Rules, with interest thereon at the legal rate until fully paid. In the present case, petitioner obviously failed to enforce the terms and conditions of its Agreement with respondent, specifically paragraph 8 thereof, purportedly acting on the plea 39 of respondent to give him time to raise funds therefor. However, extension or maintenance of credits on nonmargin transactions, are specifically prohibited under Section 23 b. It is axiomatic that the allegations in the complaint, not the defenses set up in the answer or in the motion to dismiss determine which court has jurisdiction over an action. The sale shall be without prejudice to the right of the broker or dealer to recover any deficiency from the customer.

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Securities purchased on my behalf shall be registered in the name of ASC until full payment of the purchase price, which payment shall in no case be made later than as specifically required by ASC or three 3 days after the date of said purchase, whichever is earlier, without need of any notice or demand. No finding as to costs in this instance. The CA debunked petitioner's contention that the trial court lacked jurisdiction to determine violations of the RSA. Petitioner's right to collect is justified under the general law on obligations and contracts. Endnotes : 1 Rollo, pp. The trial court noted that despite respondent's non-payment within the required period, petitioner did not cancel the purchases of respondent. Thus, his trade under an offset transaction with [petitioner] is unlimited subject only to the discretion of the broker. Cating engaged in forum shopping, splitting of causes of action, and filing of baseless suits. Petitioner's fault arose only when it failed to: 1 liquidate the transactions on the fourth day following the stock purchases, or on April 14 and 15, ; and 2 complete its liquidation no later than ten days thereafter, applying the proceeds thereof as payment for respondent's outstanding obligation. However, extension or maintenance of credits on nonmargin transactions, are specifically prohibited under Section 23 b. Rather, it waits for the customer to sell. These transactions took place before both parties violated the trading law and rules. Specifically, the main objective of the law on margins is explained in this wise:. An obligation, however, must be performed; those who do not discharge it prudently must necessarily face the consequence of their dereliction or omission.