Amending Republic Act No. 1180 Entitled "An Act To Regulate The Retail Business"
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Amending Republic Act No. 1180 Entitled "An Act To Regulate The Retail Business"
Presidential Decree No. 714
May 28, 1975
Case Overview and Summary
Summary of Presidential Decree No. 714 Amending Republic Act No. 1180 (Retail Trade Nationalization Law)Definition of "Retail Business":
- The term "retail business" is defined as the act of habitually selling merchandise, commodities, or goods directly to the general public for consumption. (Section 1)
Exclusions from the Definition of "Retail Business":
- Manufacturers, processors, laborers, or workers selling their own products to the general public, if their capital does not exceed ₱5,000. (Section 1(a))
- Farmers or agriculturists selling their farm products. (Section 1(b))
- Manufacturers or processors selling to industrial and commercial users or consumers who use the products to render services to the general public or produce goods for sale. (Section 1(c))
- Hotel owners or keepers operating a restaurant, regardless of the amount of capital, as long as the restaurant is included in or incidental to the hotel business. (Section 1(d))
Effective Date:
- The decree took effect immediately upon its issuance on May 28, 1975. (Section 2)
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Amending Republic Act No. 1180 Entitled "An Act To Regulate The Retail Business"
Presidential Decree No. 714
•May 28, 1975
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 714 May 28, 1975
AMENDING REPUBLIC ACT NO. 1180 ENTITLED "AN ACT TO REGULATE THE RETAIL BUSINESS"
WHEREAS, the statutory definition in Republic Act No. 1180, otherwise known as the Retail Trade Nationalization Law, of the term "retail business" is vague and ambiguous, and this ambiguity has given rise to conflicting theories as to its precise scope;
WHEREAS, it is believed to be not within the intendment of the said nationalization law to include within its scope sales made to industrial or commercial users or consumers;
WHEREAS, it is likewise in the interest of the national economy to exclude from the provisions of the said law the business of restaurants located in hotels, irrespective of the amount of capital, as long as the restaurant is merely incidental to the hotel business;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:
Section 1. Section 4 of Republic Act No. 1180...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
retail business
nationalization law
definition
exclusions
manufacturers
farmers
agriculturists
industrial users
commercial users
hotel restaurants
capital limits
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 714 May 28, 1975
AMENDING REPUBLIC ACT NO. 1180 ENTITLED "AN ACT TO REGULATE THE RETAIL BUSINESS"
WHEREAS, the statutory definition in Republic Act No. 1180, otherwise known as the Retail Trade Nationalization Law, of the term "retail business" is vague and ambiguous, and this ambiguity has given rise to conflicting theories as to its precise scope;
WHEREAS, it is believed to be not within the intendment of the said nationalization law to include within its scope sales made to industrial or commercial users or consumers;
WHEREAS, it is likewise in the interest of the national economy to exclude from the provisions of the said law the business of restaurants located in hotels, irrespective of the amount of capital, as long as the restaurant is merely incidental to the hotel business;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:
Section 1. Section 4 of Republic Act No. 1180...
Login to see full content