Practice question
Which statement about non-impairment and police power follows Ortigas v. Feati?
- Any private contract can abolish public-safety regulation
- Every invocation of police power is automatically conclusive
- The clause protects only unsigned agreements
- The non-impairment guarantee must be reconciled with legitimate exercise of police power
- Police power is unavailable whenever regulation affects a contract
Legal references
- 1987 Constitution, Article III, Section 10, non-impairment of contractual obligations: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353
- Ortigas & Co., Limited Partnership v. Feati Bank and Trust Co., G.R. No. L-24670, December 14, 1979, main decision, non-impairment and legitimate police power: https://lawphil.net/judjuris/juri1979/dec1979/gr_l-24670_1979.html
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