Practice question
A future warranty requires an act after a stated date, but before that performance time the act becomes unlawful at the place of the contract. The insurer relies solely on omission. Which Section 73 qualification matters?
- The insurer may require every unlawful act
- Only the insured’s preferred date matters
- The statutory exceptions exclude all legal changes
- The warranty automatically authorizes prohibited conduct
- The express exception where performance becomes unlawful before the time arrives
Legal references
- Insurance Code as amended by RA 10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html; Sections 73-74,76.
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