Civil Law and Land Titles and Deeds › Land Titles and Deeds (PD 1529, as amended by RA 6732 and 11573) › Assurance Fund

4. Limitation of Action

2. EXTINCTIVE

a. Characteristics

Extinction of rights and actions; also referred to as limitation of actions (De Morales v. Court of First Instance of Misamis Occidental, GR No. L- 52278, 1980) which implies that actions to enforce or preserve a right or claim must be brought within a certain period of time.

b. Requisites

  • An enforceable right of action
  • Lapse of the applicable statutory period counted from accrual of that right
  • Absence of a ground that interrupts prescription

c. Periods

Authorities

  • De Morales v. Court of First Instance of Misamis Occidental, G.R. No. L-52278, 29 May 1980