The president can issue rules, regulations, and instructions called executive orders, which have the binding force of law upon federal agencies but do not require approval of the United States Congress. Executive orders are subject to judicial review and interpretation. The legal or constitutional basis for executive orders has multiple sources. Article Two of the United States Constitution gives the president broad executive and enforcement authority to use their discretion to determine how to enforce the law or to otherwise manage the resources and staff of the executive branch.
In case of a default or when the Philippine government cannot pay off the debt, China can suspend or terminate any further disbursements. All delinquencies are also deemed to be due immediately without any need for legal formalities.
Studying history allows us to gain valuable perspectives on the problems of our modern society. Many problems, features, and characteristics of modern Philippine society can be traced back to historical questions on our colonial past, as well as our per-colonial culture.