This case has been cited 1 times or more.
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2012-06-13 |
PERLAS-BERNABE, J. |
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| Following the Court's ruling in the iconic case of Eastern Shipping Lines, Inc. v. Court of Appeals,[64] the foregoing liability, which is based on a loan or forbearance of money, shall be subject to legal interest of 12% per annum from the date it was judicially determined by the CA on March 30, 2009 until the finality of this Decision, and not from 1975 (the date of the constitution of the mortgage); nor from 1998 (when an attempt to pay was made) or in 2000 at the time the complaint was filed, because it was the Heirs of Adolfo and not Bangis who filed the instant suit[65] to collect the indebtedness. Thereafter, the judgment award inclusive of interest shall bear interest at 12% per annum until its full satisfaction.[66] | |||||