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IRINEO S. BALTAZAR v. LINGAYEN GULF ELECTRIC POWER CO.

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GR No. 176246
2009-02-13
PREMIERE DEVELOPMENT BANK v. CENTRAL SURETY
NACHURA, J.
Indeed, the debtor's right to apply payment has been considered merely directory, and not mandatory,[21] following this Court's earlier pronouncement that "the ordinary acceptation of the terms `may' and `shall' may be resorted to as guides in ascertaining the mandatory or directory character of statutory provisions."[22]