Reference no: EM132945482

Problem 1: Golden Sachs Corporation is a corporation incorporated in Canada. It is engaged in the business of recycling using plastic material waste to be manufactured into Hard Plastic Blocks which are light and tougher than the usual concrete Hollow Blocks as substitute for house and building construction. SMDC ordered from Golden Sachs Corporation Twenty (20) Million pieces of Hard Plastic Blocks for its High Rise Condominium Projects in the Philippines. Golden Sachs has no license to do business in the Philippines. Due to misunderstanding, SMDC refuses to pay Golden Sachs P100,000,000.00 for the Plastic Hollow Blocks it ordered.

Required to answer. Single choice.

Choices:

Option 1: Golden Sachs needs a license to do business in the Philippines as pre-requisite to sue in the Philippines;
Option 2: Golden Sachs Corp. can sue even it has no license to do business in the Philippines because the transaction is an isolated transaction;
Option 3: Golden Sachs cannot sue because it has no license to do business in the Philippines;
Option 4: It can sue even it has no license to do business since the Philippines because of refusal by SMDC to pay Golden Sachs Corp;