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What is Loan Agreement Dispute: Abella Case about?

The case involves a loan agreement where R borrowed 500k from P, but only 200k was repaid. The court ruled that the loan was subject to a conventional interest rate of 12% per annum, and since R overpaid, they are entitled to reimbursement under the principle of solutio indebiti. The court emphasized that any unconscionable interest rate agreed upon by the parties is void and that the legal rate of interest at the time of the agreement remains applicable.

Author

so hee's gf

Language

EN