This case has been cited 1 times or more.
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2008-04-16 |
NACHURA, J. |
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| In L.M. Handicraft Manufacturing Corporation v. Court of Appeals,[25] we held that a bank is only entitled to a maximum of 2% per annum service charge for amounts not over P500,000.00. We, therefore, modify the amount of service charge from 10% to 2%, or P10,000.00 per annum beginning February 28, 1984 until full payment of the loan obligation. | |||||