Tuesday, October 2, 2018

Sleeping in one's right : A ground for discouragement of claims grown stale for non-assertion

It is the cardinal principle in Land Registration that a torrens title is indefeasible and imprescriptible.

However, it is not absolute. 

Public policy requires, for the peace of society, the discouragement of claims grown stale for non-assertion; thus laches is an impediment to the assertion or enforcement of a right which has become, under the circumstances, inequitable or unfair to permit.

The following are the essential elements of laches:

(1) Conduct on the part of the defendant, or of one under whom he claims, giving rise to the situation complained of;

(2) Delay in asserting complainant's right after he had knowledge of the defendant's conduct and after he has an opportunity to sue;

(3) Lack of knowledge or notice on the part of the defendant that the complainant would assert the right on which he bases his suit; and

(4) Injury or prejudice to the defendant in the event relief is accorded to the complainant.

[G.R. No. 112519. November 14, 1996]
CATHOLIC BISHOP OF BALANGA, represented by CRISPULO TORRICO, vs. THE HON. COURT OF APPEALS and AMANDO DE LEON.

Part 7. Commercial Law. Piercing the viel. Solidary liability

Because a corporation’s existence is only by fiction of law, it can only exercise its rights and powers through its directors, officers, or...