"The 'credit' of an individual means his ability to borrow money by virtue of the confidence or trust reposed by a lender that he will pay what he may promise." Justice George A. Malcolm, People v. Concepcion, 44 Phil. 126 (1922).
11.09.2011
Interest
Read the case of RCBC v. Alfa RTW Manufacturing Corp., et al., G.R. No. 133877, November 14, 2001, as an example of how the various types of interest are computed.
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