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Usury Case: First Metro vs. Este del Sol by juan aldaba is a document available to read on EtoBox.

What is Usury Case: First Metro vs. Este del Sol about?

The Supreme Court affirmed the decision of the Court of Appeals which found that underwriting and consultancy fees charged by the petitioner First Metro Investment Corporation alongside a loan to respondent Este del Sol Mountain Reserve, Inc. were devices used to conceal usurious interest rates. While the principal amount of the loan remained valid, the stipulated interest and other fees were deemed void under the Usury Law in effect at the time the contracts were executed in 1978. The Court reduced attorne

Author

juan aldaba

Language

EN