WebNov 9, 2024 · Security Bank also refers to Eastern Shipping Lines, Inc. v. Court of Appeals, which, in turn, stated: 1. When the obligation is breached, and it consists in the payment of a sum of money, i.e., a loan or forbearance of money, the interest due should be that which may have been stipulated in writing. Furthermore, the interest due shall itself ... WebPhilippine Jurisprudence - Vicente D. Cabanting and Lalaine V. Cabanting vs BPI Family Savings Bank, Inc. THIRD DIVISION. February 17, 2016. G.R. No. 202427. ... x x x the guidelines laid down in the case of Eastern Shipping Lines are accordingly modified to embody BSP-MB Circular No. 799, as follows: I.
G.R. No. 193986 - Lawphil
WebFeb 19, 2024 · Modifying the rules in the Eastern Shipping Lines case, the High Court promulgated the Nacar guidelines. In Nacar v. Gallery Frames,[1] the Supreme Court laid down the following guidelines for the imposition and computation of legal interests. WebAs insurer and subrogee of Calamba Steel, Mitsui and BPI/MS filed a complaint for Damages against petitioner and ATI. RTC rendered a judgment in favor of the plaintiff … chunky peinture
Eastern Shipping Lines v. BPI/MS Insurance Corp
WebPlaintiff claims interest of 12%. The obligation of the defendant to return did not arose out of a loan or forbearance of money, hence, applying Eastern Shipping Lines Inc. vs. Court of Appeals, 234 SCRA 78 (1994) the rate due is only 6% computed from October 4, 1999 the date the letter of demand was presumably received by the defendant. WebFeb 4, 2014 · CASE 2014-0002: EASTERN SHIPPING LINES, INC., Petitioner, – versus – BPI/MS INSURANCE CORP., and MITSUI SUMITOMO INSURANCE CO., LTD., Respondents. WebG.R. No. 182864, January 12, 2015 EASTERN SHIPPING LINES, INC., Petitioner, vs. BPI/MS INSURANCE CORP., & MITSUI SUMITOMO INSURANCE CO., LTD., Respondents. In their complaint, BPI/MS and Mitsui alleged that: • on 2 February 2004 at Yokohama, Japan, Sumitomo Corporation shipped on board ESLI’s vessel M/V "Eastern … determine end behavior of a rational function