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After Marcos was deposed in 1986, the newly drafted 1987 Constitution prohibited the death penalty but allowed Congress to reinstate it "hereafter" for "heinous crimes"; making the Philippines the first Asian country to abolish capital punishment. The death penalty was replaced by reclusion perpetua. [34]
A co-signer takes on all the rights and responsibilities of a loan along with the borrower. This means that if the borrower can’t make a payment on the loan, the co-signer is responsible.
Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...
Reclusión perpetua is the penalty handed down to inmates convicted of a capital crime (in which case they will be ineligible for parole) [1] as well as what the Republic Act 7659 designates as "heinous crimes" once punishable by death: [2]
Benefits of cosigning. Drawbacks of cosigning. You can help a loved one qualify for a loan. You assume full liability for payments and late fees if the main borrower falls behind or files bankruptcy
The loans are made by private lenders with the caveat that the government will pay off the loans if the company defaults on them. Chrysler did not go into default. Another example was the creation of the Emergency Loan Guarantee Board to administer $250 million in US government loan guarantees made to private lenders on behalf of Lockheed in 1971.
A cosigner can help you qualify for a loan, but there are risks including impacting the cosigner’s credit score or finances.
If it is the public officer who asks or demands such gift or present, he shall suffer the penalty of death. Corruption of public officials: The same penalties on the person corrupted except those of disqualification and suspension, shall be imposed upon any person who shall have made the offers or promises or given the gifts or presents as ...