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Supreme Court

Payment Rules on Obligations During Japanese Invasion

Commonwealth Act No. 727 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

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