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Estores v. Supangan: Interest & Fees Ruling by Jamie Del Castillo is a document available to read on EtoBox.

What is Estores v. Supangan: Interest & Fees Ruling about?

1. Estores and the Spouses Supangan entered into a conditional deed of sale for a parcel of land, with the Spouses paying P3.5M as downpayment over 7 years. 2. Estores failed to comply with her obligations to transfer ownership, so the Spouses demanded return of the money. Estores promised to return it within 120 days but failed to do so. 3. The court ruled that Estores must pay 12% interest annually on the amount from the date of demand until full payment. Attorney

Author

Jamie Del Castillo

Language

EN