Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

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Aug 30, 2005 financial leasing contract law default surety civil code

Financial Leasing Agreements Are Valid Contracts Despite Lessee Default

Supreme Court affirms that financial leasing agreements are genuine contracts; defaulting lessees remain bound by their terms and obligations.