Civil Code Art. 1413: Void and Inexistent

Statute: Civil Code
Article: Art. 1413
Topic: Void and Inexistent Contracts
Book: BOOK IV Obligations and Contracts
Title: TITLE II CONTRACTS
Chapter: CHAPTER 9 Void and Inexistent Contracts
Year: 1949

The provision

Interest paid in excess of the interest allowed by the usury laws may be recovered by the debtor, with interest thereon from the date of the payment.

Note on current application: this provision remains in force. The interest-rate ceilings of the Usury Law were suspended by Central Bank Circular No. 905 (1982), so there is no fixed statutory ceiling; Philippine courts may still reduce interest rates found to be unconscionable or iniquitous.

Cases applying this article

Isabela Colleges v. The Heirs of Nieves Tolentino-Rivera G.R. No. 132677
Esperanza Baello v. Ceferino Villanueva G.R. No. 30873
Agripina Gallion v. Narciso L. Gayares G.R. No. 29503
The Heirs of Lucio Acosta v. Spouses Aniceto Macatangay G.R. No. 206208

Related provisions in this Chapter

Civil Code, Art. 1412 Void and Inexistent Contracts
Civil Code, Art. 1414 Void and Inexistent Contracts
Civil Code, Art. 1411 Void and Inexistent Contracts
Civil Code, Art. 1410 Void and Inexistent Contracts
Civil Code, Art. 1416 Void and Inexistent Contracts
Civil Code, Art. 1418 Void and Inexistent Contracts
Civil Code, Art. 1419 Void and Inexistent Contracts
Civil Code, Art. 1421 Void and Inexistent Contracts

Civil Code, Art. 1413 is found in CHAPTER 9 Void and Inexistent Contracts of TITLE II CONTRACTS of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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