Professional Documents
Culture Documents
PRESCRIPTION
1. Concept of Prescription
2. Types of prescription:
a. Acquisitive prescription
(a.1) Ordinary acquisitive prescription
(a.2) Extraordinary acquisitive prescription
b. Extinctive prescription
3. Prescription of actions
a. Actions to recover movables shall prescribe eight
years from the time the possession thereof is lost.
(Art. 1140, NCC.)
b. Real actions over immovables prescribe after thirty
years. (Art. 1141, NCC.)
c. A mortgage action prescribes after ten years. (Art.
1142, NCC.)
d. The following actions must be brought within ten
years from the time the right of action accrues: (Art.
1144, NCC.)
(d.1) Upon a written contract.
(d.2) Upon an obligation created by law.
(d.3) Upon a judgment.
ESTOPPEL
1. Concept of Estoppel
2. Kinds of Estoppel
a. Estoppel in pais (equitable estoppel)
b. Estoppel by deed (technical estoppel)
(b.1) Estoppel by deed
(b.2) Estoppel by record
c. Estoppel by laches