Practice question
According to Ortigas, what existing legal background is ordinarily read into contractual obligations?
- Only the parties’ favorite newspaper
- Only laws of a country unrelated to the contract
- Only a private supplier’s informal wishes
- Existing laws and the reservation of essential sovereign powers
- No law of any kind can ever concern a contract
Legal references
- Ortigas & Co. v. Feati Bank and Trust Co., G.R. No. L-24670, December 14, 1979, main decision: https://lawphil.net/judjuris/juri1979/dec1979/gr_l-24670_1979.html
- 1987 Constitution, Article III, Section 10: https://lawphil.net/consti/cons1987.html
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