Practice question
A creditor expressly remits a PHP20,000 unsecured credit orally, with no written donation or acceptance. No other lawful basis exists. Which form issue arises?
- Every oral remission automatically overrides 748.
- Only a public land deed could ever be relevant.
- The amount is below PHP5,000.
- The written-form requirement for the stated express personal-property disposition is unmet.
- The creditor’s wish eliminates every statutory form.
Legal references
- Civil Code Articles748,1236-1237,1270-1299 and1302: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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