Can I read Mallari vs. Prudential Bank Case Summary on EtoBox?

Mallari vs. Prudential Bank Case Summary by Lorie Jean Udarbe is a document available to read on EtoBox.

What is Mallari vs. Prudential Bank Case Summary about?

Florentino Mallari obtained two loans from Prudential Bank - a ₱300,000 loan in 1984 and a ₱1.7 million loan in 1989. Prudential later demanded payment and filed for foreclosure when the spouses defaulted on the loans. The spouses filed a case arguing that the interest rates and penalties charged by Prudential were excessive. The Supreme Court ruled that the 23% annual interest rate and 12% penalty charge on the ₱1.7 million loan were not unconscionable based on previous cases and were within the terms agre

Author

Lorie Jean Udarbe

Language

EN