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All ▸ Bar 2024 ▸ CIVIL LAW ▸ I. EFFECT AND APPLICATION OF LAWS ▸ K. Legal Periods (Civil Code, Art. 13, as amended by Book I, chapter 8, sec. 31 of the Administrative Code of 1987 (E.O. No. 292))

Question

EFFECT AND APPLICATION OF LAWS: Legal Periods

Alexandra and Benjamin entered into a contract where Alexandra agreed to sell her car to Benjamin for the amount of P500,000. The contract stated that payment should be made within 30 days from the date of signing. However, Benjamin failed to pay within the agreed period. Alexandra wants to know her legal remedies in this situation.

Discuss the effect and application of legal periods in this scenario, taking into consideration the provisions of the Civil Code (Article 13) and the Administrative Code of 1987 (Book I, Chapter 8, Section 31).



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Bar Review Question: EFFECT AND APPLICATION OF LAWS: Legal Periods Alexandra and Benjamin entered into a contract where