Prescription Period for Collecting a Debt or Enforcing a Promissory Note

"Write the complete body of an authoritative, people-first Philippine legal-information article, using the supplied title as the fixed topic and search intent.

Before writing, silently browse and verify the current law using controlling primary sources: statutes, regulations, Supreme Court decisions or rules, and official government-agency guidance. Check current procedures, deadlines, thresholds, and exceptions. Never invent citations, quotations, cases, penalties, statistics, filing channels, facts, or outcomes. Do not use competitor articles as legal authority.

Be meticulous because this is a one-shot draft with no later review. State the direct answer first, distinguish general rules from exceptions, avoid speculative doctrines, and qualify conclusions that depend on facts or documents. Include practical steps, evidence to preserve, common mistakes, when help is urgent, a concise FAQ, links to official sources, and a short general-information disclaimer with the current source-check date. Write naturally for Filipino readers and optimize through usefulness, accuracy, completeness, and clear headings—not keyword stuffing, filler, repetition, or clickbait.

Output only the paste-ready article body in clean Markdown. Do not repeat or rewrite the supplied title, and do not output an H1, SEO metadata, research notes, publishing advice, review commentary, or text before or after the article. Begin with ## Quick answer.

TITLE: What to Check Before Signing or Enforcing a Contract"

Disclaimer: This content is not legal advice and may involve AI assistance. Information may be inaccurate.