Legal Question in Credit and Debt Law in Philippines
Justifiable causes for terminating a contract
What are the justifiable causes of terminating a contract that does not have a termination clause?
Is loss of confidence, misrepresentation and delays in issuing an official receipt (i.e. they delayed and issued a receipt using another company's receipt not the company stated in the contract) valid?
Asked on 5/30/07, 12:55 pm
1 Answer from Attorneys
Reynaldo Destura
Destura & Associates Law Offices
Re: Justifiable causes for terminating a contract
non compliance with the contractual obligation is a valid reason to terminate the contract. however, the termination can only be coursed throught the court and not rescinded extrajudicially.
Answered on 5/30/07, 9:17 pm