Act No. 2031 Section 3

When promise is unconditional.

Section 3

SEC. 3. When promise is unconditional.—An unqualified order or promise to pay is unconditional within the meaning of this Act, though coupled with— (a) An indication of a particular fund out of which reimbursement is to be made, or a particular account to be debited with the amount; or (b) A statement of the transaction which gives rise to the instrument. But an order or promise to pay out of a particular fund is not unconditional.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I. →

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 3 (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).

Continue your research

Act No. 2031, full textChapter navigation and full text, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER I. — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections