This case has been cited 1 times or more.
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2005-11-25 |
AZCUNA, J. |
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| Furthermore, the freedom to contract is not absolute; all contracts and all rights are subject to the police power of the State and not only may regulations which affect them be established by the State, but all such regulations must be subject to change from time to time, as the general well-being of the community may require, or as the circumstances may change, or as experience may demonstrate the necessity.[51] This doctrine was reiterated in the case of Vda. de Genuino v. Court of Agrarian Relations[52] where the Court held that individual rights to contract and to property have to give way to police power exercised for public welfare. | |||||