-- Are there limitations in the exercise of equity jurisdiction?
ANSwer: Yes, like:
1. equitable reasons will not control against any well-settled rule of law or public policy. In short, equity will validity to a void contract. (Arsenal v. IAC 143 SCRA 40 [1986]).
2. the court has no power to make contracts for the parties or extend the life of a contract. (Topweld v. ECED, 138 SCRA 133)
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