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Crismina Garments, Inc. vs. Court of Appeals and Norma Siapno

CRISMINA GARMENTS, INC., petitioner, vs. COURT OF APPEAL AND NORMA SIAPNO, respondents.

G.R. No. 128721 | 1999-03-09

D E C I S I O N 
 
 
PANGANIBAN, J.: 
 
Interest shall be computed in accordance with the stipulation of the parties. In the absence of such agreement, the rate shall be twelve percent (12%) per annum when the obligation arises out of a loan or a forbearance of money, goods or credits. In other cases, it shall be six percent (6%). 
 
The Case 
 
On May 5, 1997, Crismina Garments, Inc. filed a Petition for Review on Certiorari1 [Rollo, pp. 7-21.] assailing the December 28, 1995 Decision2 [Penned by Justice Romeo J. Callejo Sr.; with the concurrence of J. Antonio M. Martinez, Division chairman (now a...