Legal Question in Business Law in Philippines
does interest rates for penalties or non-payments have to indicated in contract of lease. OR the Lessor still have the right to charge interest even if it is not stipulated. Thanks
Asked on 6/12/13, 5:17 pm
1 Answer from Attorneys
VOLTAIRE T. DUANO
VOLTAIRE T. DUANO LAW OFFICE
Interest should be expressly stipulated in writing otherwise you cannot charge it. But if the interest refers to indemnity it can be recovered from the time a case is filed in court.
Answered on 6/14/13, 12:07 am
Related Questions & Answers
-
Saan po ba pwede mag complain regarding sa mga pangyayari sa buisness area namin?... Asked 5/29/13, 5:01 am in Philippines Business Law
-
I am Chit from Quezon City my question is: is a verbal commitment to purchase a... Asked 5/22/13, 7:59 pm in Philippines Business Law
-
May liabilty for breach of contract be excluded under the law of the Philippines? Asked 5/20/13, 6:17 am in Philippines Business Law
-
My livelihood is lending money to other individuals through personal lending with... Asked 5/06/13, 9:16 pm in Philippines Business Law
-
Does a check rediscounting business requires DTI registration? Asked 5/06/13, 9:13 pm in Philippines Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
