Civil Code Art. 1250: Extinguishment of

Statute: Civil Code
Article: Art. 1250
Topic: Extinguishment of Obligations
Book: BOOK IV Obligations and Contracts
Title: TITLE I Obligations
Chapter: CHAPTER 4 Extinguishment of Obligations
Year: 1949

The provision

In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishment of the obligation shall be the basis of payment, unless there is an agreement to the contrary. (n)

Cases applying this article

Citibank v. Modesta R. Sabeniano G.R. No. 156132

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