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Supreme Court Ruling on Debt Payment Case by Anonymous hN3JYiCM6h is a document available to read on EtoBox.
What is Supreme Court Ruling on Debt Payment Case about?
This document summarizes a Supreme Court case from the Philippines from 1953 regarding a promissory note. The note acknowledged a debt of 1,600 pesos but did not specify a payment date, instead saying payment would be "as soon as possible." The Supreme Court found that leaving the payment solely at the discretion of the debtor violated the Civil Code and was invalid. However, annulling the condition did not mean the principal obligation was pure and demandable immediately. Instead, the courts would determin
- Author
- Anonymous hN3JYiCM6h
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- EN