Title
De Agbayani vs. Philippine National Bank
Case
G.R. No. L-23127
Decision Date
Apr 29, 1971
Plaintiff challenged PNB's foreclosure, claiming mortgage prescription. SC ruled prescriptive period tolled during moratorium, applying operative fact doctrine; upheld PNB's right to foreclose.

Case Summary (G.R. No. 244247)

Petitioner

Philippine National Bank, holder of a real-estate mortgage securing a P450 loan granted July 19, 1939, maturing July 19, 1944. Initiated extra-judicial foreclosure in July 1959 to recover outstanding debt.

Respondent

Francisca Serrano de Agbayani, borrower and mortgagor. Filed suit August 10, 1959, to enjoin the Provincial Sheriff and halt foreclosure, alleging the fifteen-year prescription period had lapsed.

Key Dates

– Loan granted: July 19, 1939; matured July 19, 1944
– Prescription period: 15 years from maturity
– Executive Order No. 32 (debt moratorium): March 10, 1945
– Republic Act No. 342 (extension of moratorium): July 26, 1948
– Rutter v. Esteban decision (invalidating moratorium): May 18, 1953
– Extra-judicial foreclosure commenced: July 13, 1959
– Lower court decision enjoining foreclosure: January 27, 1960
– Supreme Court decision reversing lower court: April 29, 1971

Applicable Law

– 1935 Philippine Constitution (supremacy of fundamental law)
– Civil Code of the Philippines (1949), Art. 7: judicial declaration of unconstitutionality renders a statute void but acknowledges its prior operation as a fact with legal consequences
– Executive Order No. 32 (1945) and Republic Act No. 342 (1948) as moratorium laws suspending debt enforcement
– Jurisprudential doctrine on tolling of prescription during valid moratoria

Factual Background and Procedural History

In 1939 PNB loaned respondent P450, secured by a duly registered mortgage. The loan matured July 19, 1944. No collection efforts were made until July 13, 1959, when PNB initiated extra-judicial foreclosure. Respondent sued on August 10, 1959, contending that the 15-year prescriptive period had already run. The trial court granted a permanent injunction, rejecting the bank’s plea that moratorium periods under EO 32 and RA 342 (later declared unconstitutional) tolled prescription.

Lower Court’s Misapplication of Constitutional Doctrine

The trial court held that once a statute or executive order is declared unconstitutional, it is void ab initio and “creates no rights or duties,” thereby refusing to recognize any tolling effect during the moratorium. In so doing, the court neglected the established doctrine that although unconstitutional measures lose their normative force upon judicial nullification, their prior operation remains an operative fact with legal consequences.

Doctrine on Effect of Statutes Declared Unconstitutional

Under Civil Code Article 7, and long-standing jurisprudence, an unconstitutional enactment is inoperative from the moment of judicial pronouncement but remains valid until then, necessitating compliance and giving rise to rights and obligations during its effective period. This ensures fairness by acknowledging actions taken in reliance on a law later invalidated. The Supreme Court has consistently applied this principle to preserve consequences flowing from the statute’s operation before nullification.

Validity and Subsequent Invalidity of Moratorium Legislation

Executive Order 32 (March 10, 1945) and Republic Act 342 (July 26, 1948) lawfully suspended debt enforcement to address wartime emergencies, satisfying the rational-basis standard for police-power measures. By 1953, changed circumstances rendered RA 342—and by extension EO 32—unreasonable and oppressive, leading the Court in Rutter v. Esteban to declare them unco

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