Can I read Usury Law Case: FMIC vs. Este del Sol on EtoBox?

Usury Law Case: FMIC vs. Este del Sol by John Mark Magbanua is a document available to read on EtoBox.

What is Usury Law Case: FMIC vs. Este del Sol about?

This case involved a loan from First Metro Investment Corporation (FMIC) to Este del Sol Mountain Reserve, Inc. (Este del Sol) to finance a construction project. Along with the loan agreement, FMIC and Este del Sol also signed underwriting and consultancy agreements. The Court of Appeals found that these additional agreements were merely ways to disguise the usurious interest charged on the loan. The Supreme Court affirmed, finding several facts that showed the additional agreements were not legitimate and

Author

John Mark Magbanua

Language

EN