Escolar Documentos
Profissional Documentos
Cultura Documentos
Ex. Ria borrowed from Emi P5,000.00 payable after five years. On the
maturity of the obligation, the value of P5,000.00 dropped to P2,500.00
because of inflation (or increased to P10,000.00 because of deflation).
In this case (assuming there is extraordinary inflation or deflation), the
basis of payment shall be equivalent value of the currency today to
that five years ago. Hence, Ria is liable to pay Emi P5,000.00 (or
P2,500.00) unless there is an agreement to the contrary.
Limitations, p. 4]. With particular reference to the Constitution of the Philippines: That written instrument
enacted by direct action of the people by which the fundamental powers of the government are established,
limited and defined, and by which those powers are distributed among the several departments for their
safe and useful exercise for the benefit of the body politic [Malcolm, Philippine Constitutional Law, p. 6].
a)
b)