Practice question
A transaction requires a substantive execution formality under another law. A party argues RA 8792 automatically abolishes every such formality merely because the file is electronic. Which is best?
- All formalities were repealed
- The Act expressly preserves existing validity formalities; electronic recognition alone does not dispense with them
- Only the file extension decides validity
- A password always substitutes for every legal requirement
- The parties may privately repeal all statutes
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8792_2000.html — RA 8792, sections 6–13
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