Article 1250

RA 386 · Civil Code of the Philippines

ELI5— what this means for you

In case of extraordinary inflation or deflation during the obligation period, the payment shall be based on the value of the currency at the time of the contract's establishment — courts may adjust.

Official text — RA 386

In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishment of the obligation shall be the basis of payment, unless there is an agreement to the contrary. (n)

Source: lawphil.net (RA 386 as amended)

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