G.R. NO. 159617 SICAM and AGENCIA de R.C. SICAM, INC., vs. JORGE et. al. August 8, 2007 Doctrines: The discretion to decide a case one way or another is broad enough to justify the adoption of the arguments put forth by one of the parties, as long as these are legally tenable and supported by law and the facts on records. The rule is that the veil of corporate fiction may be pierced when made as a shield to perpetrate fraud and/or confuse legitimate issues. The theory of corporate entity was not meant to promote unfair objectives or otherwise to shield them. Thus, the general rule that a judicial admission is conclusive upon the party making it and does not require proof, admits of two exceptions, to wit: (1) when it is shown that such admission was made through palpable mistake, and (2) when it is shown that no such admission was in fact made. x x x if a party invokes an "admission" by an adverse party, but cites the admission "out of context," then the on...
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