Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
ISSUE
RULING
No, it is unconscionable.
even if there was such an agreement that interest will be compounded, We agree with
the petitioners that the 5% monthly rate, be it simple or compounded, written or verbal,
is void for being too exorbitant, thus running afoul of Article 1306 of the New Civil Code,
which provides: