Civil Code Art. 2212: Actual or Compensatory

Statute: Civil Code
Article: Art. 2212
Topic: Actual or Compensatory Damages
Book: BOOK IV Obligations and Contracts
Title: TITLE XVIII DAMAGES
Chapter: CHAPTER 2 Actual or Compensatory Damages
Formerly: Art. 1109a of the old Civil Code
Year: 1949

The provision

Interest due shall earn legal interest from the time it is judicially demanded, although the obligation may be silent upon this point. (1109a)

Note on current application: the legal interest rate in the Philippines is 6% per annum (Bangko Sentral ng Pilipinas Circular No. 799), as established in Nacar v. Gallery Frames (G.R. No. 189871, August 13, 2013).

Cases applying this article

Rosalina Ricafuente v. Oriental Construction G.R. No. 249306
Eastern Shipping Lines v. The Court of Appeals G.R. No. 94151
Antonio Tan v. Court of Appeals G.R. No. 116285
Security Bank Corporation v. Court of Appeals G.R. No. 170149

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