Practice question
A new substantive statute imposes a liability on future transactions. It contains no contrary retroactive intent, and no exception applies. May it ordinarily be used to impose that new liability on a transaction fully completed before effectivity?
- Yes, every later law changes all past acts
- Yes, because the transaction was profitable
- Yes, if a party prefers it
- Yes, because all substantive laws are procedural
- No; Article 4's prospective default applies
Legal references
- Civil Code Articles3–5,7,1334 and1409–1410: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- People v. Lastimosa, GR265758, February3 2025, main decision: https://lawphil.net/judjuris/juri2025/feb2025/gr_265758_2025.html
- Nedira v. NJ World, GR240005, December6 2022, main decision: https://lawphil.net/judjuris/juri2022/dec2022/gr_240005_2022.html
- 1987 Constitution, ArticleIII Sections1 and10: https://lawphil.net/consti/cons1987.html
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