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Respondent Villanueva borrowed P540,000 from petitioner Siga-an without a written agreement stipulating interest. Villanueva paid over P700,000 total but requested receipts, which Siga-an refused to provide. Villanueva sued for repayment of excess amounts. The RTC ruled interest could not be charged without a written agreement. On appeal, the court affirmed, stating that Article 1956 of the Civil Code requires any interest stipulation to be in writing. As there was no written agreement for interest, none wa

Author

Julie Anne Garcia

Language

EN