Co-Maker on a Loan: When Do You Have to Pay?
Signed as co-maker? See when a lender can collect the whole loan from you, the defenses that can release you, how to get your money back from the borrower, and the deadlines that apply.
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Is a Promissory Note Enforceable? What It Must Include
A signed promissory note is enforceable in the Philippines even without a notary. Here is what the note must say, the clauses that protect the lender, and what courts strike down.
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Acceleration Clauses: Can the Entire Loan Become Due Immediately?
Direct answer: Yes. Under Philippine law, a valid acceleration clause can make the whole unpaid balance of a loan due at once when the borrower defaults, instead of only the missed instalments. The clause is enforced as written because contracts have the force of law between the parties (Civil Code Article 1159). Whether the lender…
