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COMMONWEALTH INSURANCE CORPORATION v. CA

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GR No. 189563
2014-04-07
GILAT SATELLITE NETWORKS v. UNITED COCONUT PLANTERS BANK GENERAL INSURANCE CO.
SERENO, C.J.
Having held that a surety upon demand fails to pay, it can be held liable for interest, even if in thus paying, its liability becomes more than the principal obligation.[54] The increased liability is not because of the contract, but because of the default and the necessity of judicial collection.[55]