Can I read G.R. No. 113926. October 23, 1996.: - First Division on EtoBox?

G.R. No. 113926. October 23, 1996.: - First Division by MalolosFire Bulacan is a document available to read on EtoBox.

What is G.R. No. 113926. October 23, 1996.: - First Division about?

The court document discusses the interest rates on three promissory notes signed by respondents Eusebio and Ventura with petitioner Security Bank and Trust Company. While the promissory notes stipulated an interest rate of 23% per annum, the trial court imposed a 12% interest rate. The Supreme Court ruled that Central Bank Circular No. 905 allows contracting parties to stipulate interest rates freely. As the promissory notes included a validly stipulated 23% rate, the higher rate should be applied rather th

Author

MalolosFire Bulacan

Language

EN