Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
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Mutuality of Contracts: When Banks Cannot Unilaterally Change Interest Rates
Philippine Supreme Court ruling on banks' unilateral interest rate hikes violating mutuality of contracts under Article 1308, Civil Code.
Mutuality of Contracts: Banks Cannot Unilaterally Impose Interest Rate Hikes on Loans
Philippine National Bank v. Manalo clarifies that banks cannot unilaterally raise loan interest rates without borrower consent under Article 1308 of the Civil Code.
Mutuality of Contracts: When One-Sided Termination Clauses in Employment Contracts Are Void
The Supreme Court explains when a termination clause that leaves dismissal to one party's sole judgment violates the mutuality principle under Article 1308 of the Civil Code.