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Act No. 2031 Section 2

Act No. 2031 Section 2

Certainly as to sum ; what constitutes.

Section 2

SEC. 2. Certainly as to sum ; what constitutes.—The sum payable sum is a sum certain within the meaning of this Act, although it is to be paid— (a) With interest; or (b) By stated installments^ or (c) By stated installments, with a provision that upon default in payment of any installment or of interest the whole shall become due; or (d) With exchange, whether at a fixed rate or at the current rate; or (e) With costs of collection or an attorney's fee, in case payment shall not be made at maturity.

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Other provisions in CHAPTER I.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2031 Section 2 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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