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Why EO? Power of control. It also covers quasi judicial powers.

Cite
case
Look at 36.1 of lrt
Page 114 and 118 of bernas
How it becomes arbitrary? When there is no procedure in place, if not
given notice and opportunity to be heard
A franchise is a right
Exclude legislative franchises. Discuss franchises issued by
administrative agencies.
Remove new application
In case of equity transfer, the personality of the owners changes.

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