mode by which one acquires ownership and other real rights thru lapse of time;
also a means by which one loses ownership, rights & actions;
retroactive from the moment period began to run
• Kinds:
1. Acquisitive
2. Extinctive
• Who may acquire by prescription:
a. person who are capable of acquiring property by other legal modes
b. STATE
c. minors – through guardians of personally
• Against whom prescription run:
1. minors & incapacitated person who have guardians
2. absentees who have administrators
3. persons living abroad who have administrators
4. juridical persons except the state with regards to property not patrimonial in character
5. between husbands & wife
6. between parents & children (during minority/insanity)
7. between guardian & ward (during guardianship)
8. between co-heirs/co-owners
9. between owner of property & person in possession of property in concept of holder
• Things subject to prescription: all things within the commerce of men
a. private property
b. patrimonial property of the state
• Things not subject to prescription:
1. public domain
2. in transmissible rights
3. movables possessed through a crime
4. registered land
• Renunciation of prescription:
persons with capacity to alienate may renounce prescription already obtained but not the right to prescribe in the future
may be express or tacit
prescription is deemed to have been tacitly renounced; renunciation results from the acts w/c imply abandonment of right acquired
creditors & persons interested in making prescription effective may avail themselves notwithstanding express or tacit renunciation