Practice question
What effect did De Agbayani recognize for prescription during the period when the debt-moratorium measures were operative before invalidation?
- Prescription did not run during that recognized period.
- Every debt was permanently forgiven.
- Every mortgage became a public highway.
- Prescription doubled each day.
- Every creditor became criminally liable.
Legal references
- De Agbayani v. Philippine National Bank, G.R. No. L-23127, April 29, 1971, main decision: https://lawphil.net/judjuris/juri1971/apr1971/gr_23127_1971.html
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