Article 1169
ELI5— what this means for you
Delay (mora): the debtor is in default when the creditor demands performance and the debtor fails to comply. Once in default, the debtor bears all risks of loss and is liable for damages.
Key point
A demand is required before a debtor is officially 'in default' — unless the law or contract says otherwise.
Official text — RA 386
Full article text is being added. Read the official text at officialgazette.gov.ph.
Related
RELATED RIGHTS
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