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.
Sep 20, 2022commercial-lawlegal-interestunconscionable-interestsales-of-goodscivil-codesupreme-court
Interest on Overdue Accounts: Clarifying the Scope of Legal Interest and Unconscionability in Sales of Goods
The Supreme Court clarifies when legal interest applies to stipulated interest and how courts determine unconscionable rates in sales transactions.