Loan: Simple Loan

A. General Concepts

Art. 1933, Art. 1953, Art. 1954, Art. 1980

Act No. 2137, Sec. 58 "Fungible goods"

People v. Puig and Porras, G.R. No. 173654-765, August 28, 2008, 563 SCRA 564.

BPI Family Bank v. Franco, G.R. No. 123498, November 23, 2007, 538 SCRA 184.

B. Obligation to Pay

Art. 1955, Art. 1249, Art. 1250

C.  Interest

1. Conventional Interest

      Art. 1933, Art. 1956, Art. 1253, Art. 1958, Art. 1960, Art. 2154, Art. 1423

Act No. 2655, Sec. 1

Central Bank Circular No. 416, series of 1974

      Act No. 2655, Sec. 7, Sec. 7-a

Frias v. San Diego-Sison, G.R. No. 155223, April 3, 2007, 520 SCRA 244.

Concepcion v. Court of Appeals, et al., G.R. No. 122079, June 27, 1997, 274 SCRA 614.

2.  Interest on Interest

Art. 1959, Art. 2212

3.  Compensatory, Penalty or Indemnity Interest

Art. 1169, Art. 1226, Art. 2209, Art. 2213, Art. 2226, Art. 2227

Eastern Shipping Lines, Inc. v. Court of Appeals, G.R. No. 97412, July 12, 1994, 234 SCRA 78

      Siga-an v. Villanueva, G.R. No. 173227, January 20, 2009, 576 SCRA 696.

Ligutan v. Court of Appeals, G.R. No. 138677, February 12, 2002, 376 SCRA 560.

4. Finance Charges

R. A. No. 3765, Sec. 4, Sec. 6   

United Coconut Planters Bank v. Samuel and Beluso, G.R. No.  159912, August 17, 2007, 530 SCRA 567.

      5. Usury

            a.  General Concepts

                   Art. 1175, Art. 1957, Art. 1961

             Act No. 2655, Sec. 1, Sec. 1-a, Sec. 4-a, Sec. 4-b, Sec. 5, Sec. 9-a

             Central Bank Circular No. 905, Series of 1982, Sec. 1

           b.  Usurious Acts

                   Act No. 2655, Sec. 2 to 4

           c.  Remedies
                  Art. 1413

            Act No. 2655, Sec. 6 to 10

1) Remedy of Debtor

2) Remedy of Creditor

Carpo v. Chua & Dy Ng, G.R. Nos. 150773, September 30, 2005, 471 SCRA 471.