Practice question
A Philippine court has jurisdiction over a contract dispute. A party objects solely because the agreement states payment in Malaysian ringgit. What is the soundest response?
- The currency automatically removes jurisdiction
- The contract automatically becomes unenforceable
- Only a Malaysian court can ever hear it
- Foreign currency alone does not establish that the Philippine forum must decline the case
- Every currency choice selects a court exclusively
Legal references
- PNCC v. Asiavest Merchant Bankers, G.R. 172301, August 19, 2015: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/61375
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