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This document summarizes a Supreme Court of the Philippines case regarding a dispute over interest rates on promissory notes between United Coconut Planters Bank (UCPB) and spouses Samuel and Odette Beluso. The Regional Trial Court and Court of Appeals ruled that the interest rates imposed by UCPB were void. UCPB appealed, arguing that the interest rates were validly based on referenced rates and that any lack of mutuality was cured by the spouses

Author

nathalie kiez

Language

EN