Understanding the characteristics of an insurance contract is important for both policyholders and insurers. Adherence to these principles ensures that the contract is legally binding and provides the intended protection.

A warranty is not necessarily written. It may be oral as long as it is not given as a mere opinion or judgment. Rather, it is a positive affirmation of a fact that buyers rely upon, and that influences or induces them to purchase the product. (Philippine Steel Corporation v. Eduard Quiñones, G.R. No. 194533, April 19, 2017)

“Credit Union Week is celebrated every third week of October of every year” (Proclamation No. 619, s. 1969)

Every second week of October of every year is National Mental Health Week. (Proclamation No. 452, s. 1994)

Pursuant to Labor Advisory No. 07, s. 2022, an employer is mandated to submit an Employer’s Work Accident/Illness Report (WAIR) to the Department of Labor and Employment (DOLE) every 30th day of the month, with or without any accidents or reportable work-related illnesses.
This is in compliance with the provisions of Rule 1050 of the Occupational Safety and Health Standards of the Philippines. (Labor Advisory No. 07, s. 2022)

There are two types of warranties provided by a seller: express and implied.
An express warranty is any statement or promise made by the seller regarding the product. It is considered express if it is likely to influence the buyer’s decision to make the purchase, and if the buyer relies on it. Statements about the value of the product or opinions of the seller are not considered warranties, unless the seller is an expert and the buyer relies on their statement.
An implied warranty is not explicitly stated by the seller but is inferred by the law based on the nature of the transaction and the circumstances of the parties. It is established regardless of whether the seller intended to create it or not.
(Article 1546 of the New Civil Code; Jaime Ang vs. Court of Appeals and Bruno Soledad, G.R. No. 177874, September 29, 2008)

Pursuant to Proclamation No. 255, series of 1967, the Second Week of October of every year is declared as the National Health Education Week.

Failure to observe prescribed standards of work, or to fulfill reasonable work assignments due to inefficiency may constitute just cause for dismissal. Such inefficiency is understood to mean failure to attain work goals or work quotas, either by failing to complete the same within the allotted reasonable period or by producing unsatisfactory results. (Iluminada Ver Buiser vs. Hon. Vicente Leogardo, G.R. No. L-63316, July 31, 1984)

The month of October of every year is declared as the National Quality and Productivity Improvement Month, pursuant to Proclamation No. 726, series of 2004.

By virtue of Proclamation No. 1059, series of 1997, the first week of October of every year as “Life Insurance Consciousness Week”.