Article 1106
RA 386 · Civil Code of the PhilippinesKey provision
ELI5— what this means for you
Prescription is the acquisition of rights (acquisitive prescription) or loss of the right to sue (extinctive prescription) through the lapse of time fixed by law.
Official text — RA 386
By prescription, one acquires ownership and other real rights through the lapse of time in the manner and under the conditions laid down by law.
In the same way, rights and conditions are lost by prescription. (1930a)
Source: lawphil.net (RA 386 as amended)
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