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Showing 1–2 of 2 articles for “liability cap”

Surety Agreements in the Philippines: Understanding Liability Limits and Payment Obligations

Philippine Supreme Court clarifies surety liability caps, payment evidence, and when obligations are extinguished under Article 2054.

Surety Bond Liability Limits Under Philippine Insurance Law: The R & B Surety Case

Philippine Supreme Court clarifies surety bond liability caps under Insurance Code Section 176, limiting exposure to face value plus legal interest.