Practice question
Before Republic Act No. 12289 took effect, an implementing agency and an owner executed a written agreement fixing compensation for the right-of-way. The agency now invokes the new Act to reopen the agreed amount solely because its valuation rules changed. Which provision directly addresses the situation?
- The Act automatically annuls every earlier agreement
- The transitory clause excepts transactions with the required pre-effectivity written compensation agreement
- The amended Act applies only to contracts signed after 2030
- The agency may disregard a written agreement whenever prices decline
- The transitory clause covers only oral proposals
Legal references
- Republic Act No. 12289, Section 19, transitory clause: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/99855
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