This case has been cited 1 times or more.
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2005-10-24 |
PANGANIBAN, J. |
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| Residence is the permanent home -- the place to which, whenever absent for business or pleasure, one intends to return.[9] Residence is vital when dealing with venue.[10] A corporation, however, has no residence in the same sense in which this term is applied to a natural person. This is precisely the reason why the Court in Young Auto Supply Company v. Court of Appeals[11] ruled that "for practical purposes, a corporation is in a metaphysical sense a resident of the place where its principal office is located as stated in the articles of incorporation."[12] Even before this ruling, it has already been established that the residence of a corporation is the place where its principal office is established.[13] | |||||