Civil
Commercial
Ponente: LEONEN, J.
Decision Date: 2016-01-11
GR Number: G.R. No. 201264
Digest Team
4 months ago
Avg. Rating:
Summary:
This case involves a dispute over the validity of a mortgage contract executed by the petitioner, Florante Vitug, and the respondent, Evangeline Abuda. The Court of Appeals affirmed the Regional Trial Court's decision upholding the validity of the mortgage contract. The petitioner argued that the mortgage contract was void due to fraud and lack of consent. However, the court found that all the elements of a valid mortgage contract were present and that the petitioner had voluntarily entered into the contract. The court also found that the interest rates imposed on the loan were unconscionable and reduced them to 1% per month or 12% per annum. The petitioner raised additional issues regarding the lack of consent from the National Housing Authority and the exemption of his property from execution, but the court found that these issues were not properly raised and did not affect the validity of the mortgage contract.
Doctrine:
Parties who have validly executed a contract and have availed themselves of its benefits may not invoke irregularities in its execution to seek its invalidation. Interest rates in loan contracts must not be iniquitous or unconscionable and should be reduced if found to be so.
Facts:
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Issues Ratio:
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Dispositive:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Donec enim diam vulputate ut pharetra sit amet aliquam id. Gravida rutrum quisque non tellus. Donec ultrices tincidunt arcu non. Ut aliquam purus sit amet. Pulvinar neque laoreet suspendisse interdum consectetur. Non enim praesent elementum facilisis leo vel fringilla est ullamcorper. Interdum varius sit amet mattis vulputate enim. Sagittis vitae et leo duis ut. Commodo quis imperdiet massa tincidunt nunc pulvinar sapien. Erat imperdiet sed euismod nisi porta. Nulla facilisi nullam vehicula ipsum a arcu cursus vitae. Amet aliquam id diam maecenas ultricies mi eget. Sit amet nulla facilisi morbi tempus iaculis urna id volutpat. Volutpat consequat mauris nunc congue nisi vitae. Sagittis eu volutpat odio facilisis mauris. A arcu cursus vitae congue mauris rhoncus. Amet purus gravida quis blandit. Faucibus vitae aliquet nec ullamcorper sit amet. Sed egestas egestas fringilla phasellus faucibus scelerisque eleifend donec pretium.
Other Notes:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
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