Case

Sun Insurance vs. Court of Appeals [March 13, 1991]

In Sun Insurance vs. Court of Appeals, the Supreme Court ruled that the 12-month period to file a lawsuit for insurance claims starts when the insured receives the insurer’s initial denial. Requesting reconsideration doesn’t pause this period. Filing after this timeframe results in prescription, barring the claim.

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Jarque vs. Smith Bell & Co. [November 11, 1930]

In Jarque vs. Smith Bell & Co., the Supreme Court ruled that an insurer is liable for general average contributions, even if the policy covers only “absolute total loss.” The Court emphasized that such liability arises from a quasi-contract implied by law, benefiting all parties with an interest in the vessel or cargo.

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Cebu State College of Science and Technology vs. Misterio [June 17, 2015]

In Cebu State College of Science and Technology v. Misterio, the Supreme Court ruled that the right to repurchase in a pacto de retro sale, contingent on a suspensive condition, must be exercised within four years from the condition’s occurrence or ten years from the contract’s execution, whichever comes first.

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