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Showing 1–7 of 7 articles for “payment obligations”

When Bank Receivership Suspends B.P. 22 Liability: What Creditors Should Know

Philippine Supreme Court ruling on how bank receivership suspends check payment obligations and bars B.P. 22 criminal liability for bank officers.

Lease Agreements and Assignment of Rights: Clarifying Obligations and Remedies

A Supreme Court ruling clarifies how assignment of rights affects lease agreements, including rescission rules and payment obligations.

Tenant's Right of Redemption: Written Notice and Payment Requirements Under Agrarian Law

Philippine Supreme Court clarifies agricultural lessee's right of redemption, written notice requirements, and tender payment obligations under R.A. 3844.

Solidary Liability of Sureties: Understanding Your Obligations in Philippine Law

Philippine Supreme Court clarifies that sureties solidarity liable with a debtor cannot use corporate rehabilitation stay orders to delay or avoid payment obligations.

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.

Upholding Contractual Obligations: Enforceability of Sales Invoices Despite Claims of Discrepancies

Supreme Court affirms that signed sales invoices are binding evidence of delivery and payment obligations, even when a buyer later claims short deliveries.

Upholding Insurance Claims Substantial Compliance AND Timely Payment Obligations

Philippine Supreme Court ruling on substantial compliance with insurance policy conditions and the insurer's duty to pay claims within prescribed periods.