88-Florencio-Deudor-vs-JM-Tuason

In any event said paragraph is but a faithful

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Unformatted text preview: ay. Accordingly, said agreement is subject to the principle set forth in Article 1197 of the Civil Code of the Philippines, reading: If the obligation does not fix a period, but from its nature and the circumstances it can be inferred that a period was intended the courts may fix the duration thereof. The courts shall also fix the duration of the period when it depends upon the will of the debtor. In every case, the Courts shall determine such period as may under the circumstances have been probably contemplated by the parties. Once fixed by the courts, the period cannot be changed by them. When the authority granted by this provision is exercised by courts, the same do not amend or modify the obligation concerned. Article 1197 is part and parcel of all ob...
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This note was uploaded on 07/12/2013 for the course LAW 101 taught by Professor Tan during the Winter '11 term at University of the Philippines Diliman.

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