About this document

BPI Investment Corp. v. Court of Appeals by Bianca Paloma is a document available to read on EtoBox.

The document discusses a case regarding a loan contract between BPI Investment Corp. and ALS Management & Development Corp. The Court of Appeals found that: 1) A loan contract is not a consensual contract, but a real contract that is only perfected upon delivery of the loan amount. 2) In this case, the loan contract was perfected on September 13, 1982 when the full P500,000 loan amount was released to ALS & Development, so amortization payments should have started in October 1982, not May 1981 as stated

Author

Bianca Paloma

Language

EN