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A petition for approval of compromise of claim of minor or adult person with a disability is filed when parties have agreed to settle a claim of a minor or adult person with a disability. The law doesn't allow a minor or person with a disability to settle their own claim without an adult guardian.
Compromise is an agreement between opposing parties to settle a dispute or reach a settlement rather than continue the dispute or go to trial. compromise | Wex | US Law | LII / Legal Information Institute cornell.edu ? wex ? compromise cornell.edu ? wex ? compromise
As provided by the law on contracts, a valid compromise must have the following elements: (1) the consent of the parties to the compromise; (2) an object certain that is the subject matter of the compromise; and (3) the cause of the obligation that is established. Supreme Court E-Library Information At Your Fingertips judiciary.gov.ph ? showdocs judiciary.gov.ph ? showdocs
Jurisdiction: It is to be kept in mind that the compromise must be recorded in the court where it was pending before the compromise. In case of a suit, it can be recorded in the trial court whereas in case of an appeal/revision, it can be recorded at appellate court or revisional court thereof. Compromise in a civil suit - iPleaders iPleaders ? Civil Procedure code iPleaders ? Civil Procedure code
As a contract, a compromise agreement is perfected by mutual consent (Rovero v. Amparo, 91 Phil. 228 [1952]). A judicial compromise, however, while binding between the parties upon its execution, is not executory until it is approved by the court and reduced to a judgment. G.R. No. 104133 - LawPhil lawphil.net ? judjuris ? juri1995 ? apr1995 lawphil.net ? judjuris ? juri1995 ? apr1995