22.pcdp v iac.docx

8/17/2019 22.pcdp v IAC.docx

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SECOND DIVISION

[G.R. No. 73198. September 2, 1992.]

PRIVATE DEVEOP!ENT CORPORATION O" T#E P#IIPPINES, Petitioner , $. T#E INTER!EDIATEAPPEATE CO%RT AND ERNESTO C. DE ROSARIO, Respondents.

Pe&'e(, A)r*'+o Gre-or*o or Petitioner .

C'brero/, Ore+0*' Pe'/ ' O*0e or Respondent .

Ce0*&*o V. S're(, 4r. 0o50o+/e& or Respondent .

S6A%S

1. CIVIL LAW; USURY LAW (ACT NO. 2655); GOVERNS THE INTEREST RATE FOR LOAN AGREEMENTENTERED, AFTER JANUARY 29, 19!; A""LICATION IN CASE AT #AR. $ I%&'*+ &' +- /&% &0---%+--% 3&' -%--4 %/ /% M& 21, 19!, +- -7&%0 &3 &*&8- ' A* N/. 2655, /+-3'- %/3% &'+- U' L&3, &' &-%4-4 8 ".D. N/. 116, 3+*+ // -::-* /% J&%& 29, 19!. S-*/% 2 /: A* N/.2655 /74-'


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D E C I S I O N

NOCON, J.

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22.pcdp v iac.docx

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