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Timestamp: 2018-05-26 05:59:24
Document Index: 665652126

Matched Legal Cases: ['Art. 2028', 'Art. 2029', 'Art. 2031', 'Art. 2032', 'Art. 2033', 'Art. 2034', 'Art. 2036', 'Art. 2037', 'Art. 2041', 'Art. 2042', 'Art. 2043', 'Art. 2044', 'Art. 2045', 'Art. 2046']

14. Compromises & Arbitrations | Civil Law of the Philippines
Category Archives: 14. Compromises & Arbitrations
March 9, 2010 · 10:45 am
Title XIV. – COMPROMISES AND ARBITRATIONS
CHAPTER 1 > COMPROMISES
Art. 2028. A compromise is a contract whereby the parties, by making reciprocal concessions, avoid a litigation or put an end to one already commenced. (1809a)
Art. 2029. The court shall endeavor to persuade the litigants in a civil case to agree upon some fair compromise. (n)
The duration and terms of the suspension of the civil action or proceeding and similar matters shall be governed by such provisions of the rules of court as the Supreme Court shall promulgate. Said rules of court shall likewise provide for the appointment and duties of amicable compounders. (n)
Art. 2031. The courts may mitigate the damages to be paid by the losing party who has shown a sincere desire for a compromise. (n)
Art. 2032. The court’s approval is necessary in compromises entered into by guardians, parents, absentee’s representatives, and administrators or executors of decedent’s estates. (1810a)
Art. 2033. Juridical persons may compromise only in the form and with the requisites which may be necessary to alienate their property. (1812a)
Art. 2034. There may be a compromise upon the civil liability arising from an offense; but such compromise shall not extinguish the public action for the imposition of the legal penalty. (1813)
Art. 2036. A compromise comprises only those objects which are definitely stated therein, or which by necessary implication from its terms should be deemed to have been included in the same.
A general renunciation of rights is understood to refer only to those that are connected with the dispute which was the subject of the compromise. (1815)
Art. 2037. A compromise has upon the parties the effect and authority of res judicata; but there shall be no execution except in compliance with a judicial compromise. (1816)
However, one of parties cannot set up a mistake of fact as against the other if the latter, by virtue of the compromise, has withdrawn from a litigation already commenced. (1817a)
But the compromise may be annulled or rescinded if it refers only to one thing to which one of the parties has no right, as shown by the newly-discovered documents. (n)
Ignorance of a judgment which may be revoked or set aside is not a valid ground for attacking a compromise. (1819a)
Art. 2041. If one of the parties fails or refuses to abide by the compromise, the other party may either enforce the compromise or regard it as rescinded and insist upon his original demand. (n)
Filed under 14. Compromises & Arbitrations
March 9, 2010 · 10:43 am
CHAPTER 2 > ARBITRATIONS
Art. 2042. The same persons who may enter into a compromise may submit their controversies to one or more arbitrators for decision. (1820a)
Art. 2043. The provisions of the preceding Chapter upon compromises shall also be applicable to arbitrations. (1821a)
Art. 2044. Any stipulation that the arbitrators’ award or decision shall be final, is valid, without prejudice to Articles 2038, 2039, and 2040. (n)
Art. 2045. Any clause giving one of the parties power to choose more arbitrators than the other is void and of no effect. (n)
Art. 2046. The appointment of arbitrators and the procedure for arbitration shall be governed by the provisions of such rules of court as the Supreme Court shall promulgate. (n)