About this document

December 2013 Philippine Civil Law Rulings by jafernand is a document available to read on EtoBox.

1. The Supreme Court ruled that a contract is defined by law based on its essential elements, not what the parties call it. The real nature of a contract is determined by the express terms and subsequent acts of the parties. 2. Excessive interest rates, such as 58% per month, may be declared illegal and void for being unconscionable, despite the deregulation of interest rates. 3. Costs shall be awarded to the prevailing party unless otherwise stated. The costs awarded included docket and legal fees paid

Author

jafernand

Language

EN