Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password

You are not connected. Please login or register

Timit Limit of a Loan to file civil case

Go down  Message [Page 1 of 1]

1 Timit Limit of a Loan to file civil case on Tue Jul 19, 2011 1:08 pm


Arresto Menor

On Nov 3, 2003 we get a new motorcycle in installment basis. Unfortunately, it was carnapped in December 16, 2003. We were not able to report it to Traffic Management Group because the motorcycle has no paper or was not yet registered to LTO because the store had yet to file it. We waited for more than 1 month to register the motorcyle and reported to TMG.

The store demanded that we still need to pay the total amount of 65T. They brought the case to Barangay and we asked for another meeting with their Manager. But years has passed until last Monday, July 18, 2011. We receive a demand letter, asking us to pay within 10 days the total amount of 95T, or else they will bring the case to court.

Now my question, does the case still valid even after almost 8 years of not hearing anything from them. Do we have right to refuse to pay the amount since they only registered the motorcycle after it was lost.

Thank you very much.

View user profile

2 Re: Timit Limit of a Loan to file civil case on Wed Jul 20, 2011 12:00 am


yes, they have up to 10 years to make a demand, though you can still try to claim that they are barred by their own inaction for 8 years.

didn't the motorcycle have comprehensive insurance?

[i] Visit our FB Page: FOR MORE LEGAL ADVICE  
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum