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What is Jaravata vs. Sandiganbayan Case Summary about?

This document summarizes a Supreme Court case regarding multiple loans with high interest rates. 1) The defendants obtained multiple loans from the plaintiffs over time, consolidating the debts into a single P500,000 loan note with 5.5% monthly interest plus other fees. 2) The trial court found the interest rates unconscionable despite the Usury Law being repealed, and reduced the interest to 12% annually. 3) The Court of Appeals overturned this, stating the parties could agree any interest rate, and

Author

Louis Malaybalay

Language

EN