0
Still curious? Ask our experts.
Chat with our AI personalities
Judy
Taiga
FranAdd your answer:
Earn +20 pts
Is 20 percent interest per month legal in the Philippines?
With the suspension of the Usury Law and the removal of interest ceilings, the parties are generally free to stipulate the interest rates to be imposed on monetary obligations. As a rule, the interest rate agreed by the creditor and the debtor is binding upon them. Stipulated interest rates are illegal if they are unconscionable and the Court is allowed to temper interest rates when necessary. In exercising this vested power to determine what is iniquitous and unconscionable, the Court must consider the circumstances of each case. What may be iniquitous and unconscionable in one case, may be just in another. This rule, however, is not absolute. There are plenty of cases when the SC equitably reduced the stipulated interest rates; for instance, from 18% to 10% per annum. The SC also voided the stipulated interest of 5.5% per month (or 66% per annum), for being excessive, iniquitous, unconscionable and exorbitant, hence, contrary to morals ("contra bonos mores"), if not against the law. The same is true with cases involving 36% per annum, 6% per month (or 72% per annum), and 10% and 8% per month. In these instances, the SC imposed the legal interest of 12% per annum.
Is it legal to sell 10 percent hydroquinone cream?
I have purchased it from a dermatology office in California, so it must be legal. It was Retinoic Acid 0.4%, HQ 10%, Nydrocortisone 0.3% and on brown spots (melasma) on my face, it makes it peel after a day or so. Works great to get rid of spots.
How many week to turn 1 dollars into a million?
That's a fascinating question, mainly because I have no idea what process you plan on using to make money grow. The only legal process that I know of is lending/investing. So let's say that you have a good friend or brother-in-law who will give you 1% on your money every week! If he were a bank, that rate would be insane, and if you were a commercial lender, it would be unconscionable usury. On an annual basis, your money is earning you nearly 68% ! But let's say you're both cool with it. You give him 1 dollar, and he pays 1% interest every week on the total funds in your account. Your account is worth $1 million after 1,388 weeks ... a little over 261/2 years .
Is a quorum always 50 percent?
According to my dictionary, a quorum is "Such a number of the officers or members of any body as is competent by law or constitution to transact business..." So I would assume that a quorum is not a fixed number, but is a number added to a constitution for legal, political, or business reasons.
How do you split a property into a 50 percent undivided interest ownership?
When real property is conveyed by deed to two owners they each have the right to the use and possession of the entire property. If the property is sold they each have the right to 50% of the net proceeds unless some other arrangement was specifically recited in the deed, for example, a 40/60 division.One owner can add a co-owner by executing a deed that conveys the property to themselves and another or by conveying a half interest to another party. Deeds should always be drafted by a legal professional who could also explain the different types of real property ownership.When real property is conveyed by deed to two owners they each have the right to the use and possession of the entire property. If the property is sold they each have the right to 50% of the net proceeds unless some other arrangement was specifically recited in the deed, for example, a 40/60 division.One owner can add a co-owner by executing a deed that conveys the property to themselves and another or by conveying a half interest to another party. Deeds should always be drafted by a legal professional who could also explain the different types of real property ownership.When real property is conveyed by deed to two owners they each have the right to the use and possession of the entire property. If the property is sold they each have the right to 50% of the net proceeds unless some other arrangement was specifically recited in the deed, for example, a 40/60 division.One owner can add a co-owner by executing a deed that conveys the property to themselves and another or by conveying a half interest to another party. Deeds should always be drafted by a legal professional who could also explain the different types of real property ownership.When real property is conveyed by deed to two owners they each have the right to the use and possession of the entire property. If the property is sold they each have the right to 50% of the net proceeds unless some other arrangement was specifically recited in the deed, for example, a 40/60 division.One owner can add a co-owner by executing a deed that conveys the property to themselves and another or by conveying a half interest to another party. Deeds should always be drafted by a legal professional who could also explain the different types of real property ownership.
