Payment Rules on Obligations During Japanese Invasion

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Title Supreme Court: Payment Rules on Obligations During Japanese Invasion

Law: Commonwealth Act No. 727

Decision Date: Jan 18, 1946

Commonwealth Act No. 727 addresses the issues arising from the circulation of Japanese Military notes during the Japanese invasion of the Philippines, aiming to determine debtor-creditor problems and restore economic stability by validating payments made during the invasion and providing guidelines for the collection of remaining balances and deposits.

monetary obligations

legal tender

valid payments

END