B.P.R. V. KALISA ET AL
The Supreme Court held that only interests clearly stipulated in the contract and properly explained are awardable; unexplained or new claims for interest at appeal are not. Procedural and advocate fees are granted to the winning party. Provisional execution is denied as the debt was disputed and the contract did not provide for it. Grace period extension was denied for lack of evidence. KALISA and KANTENGWA are jointly liable to pay the principal, contractual and default interests, and procedural fees, less the amount already paid.
Source excerpt
- Loan agreements
- Interest calculation
- Damages
- Procedural fees
- Provisional execution
- Grace period