Practice question
A liquidator wants a debtor contract to continue rather than be treated as terminated or breached under Section113(c). Which statutory condition is relevant?
- Only a private wish made five years later
- No contracting-party agreement is needed
- The debtor's former advertising slogan
- An unrelated creditor's birthday
- The liquidator declares otherwise within90days of assuming office and the contracting party agrees
Legal references
- RA 10142, Section 113(c): https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
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