1. JC and Rein were childhood friends turned lovers. As their love grew deeply with each other, they decided to get "united", so they married each other. However, during their marriage, they found out that they are incompatible with each other, so subsequently, they filed for annulment of marriage, which was granted.

One of the properties of the married couple that they need to split is the gold bars. JC contends that he owns the gold bars that he brought into their marriage, as it was given to him by his father. However, Rein contends that the gold bars should be divided equally between the two of them. Question:

1. Based on the facts stated,how should the gold bars be distributed? Why?

2. Wouldyour answer be the same if the gold bars were acquired by them during their marriage? Why or why not? 2. Henry Sy is a stall owner in Divisoria. He sold the following:

1. His personal watch worth $1000; and

2. A ceramic figurine worth P100, which is the main product being sold in his stall/business.

Question:

1. As to question letter A, is his personal watch subject to VAT? Why or why not?

2. As to question letter B, is the ceramic figurine subject to VAT? Why or why not?

Answer rating: 100% (QA)

Solution Here are my answers to your questions 1 Based on the facts stated how should the gold bars be distributed Why According to the Family Code of the Philippines the gold bars should be distribut... View the full answer