Article 2258Order of Preference of Credits

Actions and rights which came into being

but were not exercised before the effectivity of this Code,

shall remain in full force in conformity with the old

legislation; but their exercise, duration and the procedure

to enforce them shall be regulated by this Code and by

the Rules of Court. If the exercise of the right or of the

action was commenced under the old laws, but is

pending on the date this Code takes effect, and the

procedure was different from that established in this new

body of laws, the parties concerned may choose which

method or course to pursue. (Rule 4)