Prescription Flashcards
What are covered by prescription?
Ownership
Real rights
Rights and Actions
2 types of prescription
1) acquisitive
2) extinctive
Acquisitive (Adverse Possession / Usucapcion)
Acquisition of a right by the lapse of time
Extinctive (Limitation of Action)
Rights are lost by the lapse of time
Requisites of Laches
1) conduct on the part of the defendant
2) delay in asserting complainant’s rights, having had
- -knowledge of defendant’s conduct
- -opportunity to institute a suit
3) lack of knowledge or notice on the part of defendant that complainant would assert the right
4) injury or prejudice to defendant in the event relief is granted to complainant
Prescription v Laches
PRESCRIPTION
- FACT of delay
- matter of TIME
- STATUTORY
- based on LAW
- prescribes a FIXED TIME
LACHES
- EFFECT of delay
- matter of INEQUITY
- not provided by statutes
- based on EQUITY
- NO FIXED TIME
Prescription does not run against:
MAAS
Prescription runs against:
MAAJ
Characteristics of Possession
1) in the concept of an owner
2) public
3) peaceful
4) uninterrupted
When will judicial summons not be considered as civil interruption?
1) Void for lack of legal solemnities
2) Plaintiff should desist from complaint; or allow proceedings to lapse
3) Possessor should be absolved from complaint
3 types of interruption
1) natural
2) civil
3) possessor’s recognition of owner’s rights
Other conditions of good faith
Art. 1128
1) not aware that there exists a flaw which invalidates his mode of acquisition/title
2) good faith is always presumed
3) possession acquired in good faith does not lose this character
4) presumed that possession continues to be enjoyed in the same character in which it was acquired
What are rights that are not extinguished by prescription?
page 10 of crombonds
3 interruptions for prescription of actions
1) when they are filed before the court
2) when there is a written extra-judicial demand by creditors
3) when there is any written acknowledgment of the debt by the debtor
Kinds of fruits
1) natural
2) industrial
3) civil