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Sps. Isagani & Diosdada Castro Vs. Angelina de Leon Tan

SPS. ISAGANI CASTRO and DIOSDADA CASTRO, Petitioners, versus ANGELINA DE LEON TAN, SPS. CONCEPCION T. CLEMENTE and ALEXANDER C. CLEMENTE, SPS. ELIZABETH T. CARPIO and ALVIN CARPIO, SPS. MARIE ROSE T. SOLIMAN and ARVIN SOLIMAN and JULIUS AMIEL TAN, Respondents

G.R. No. 168940 | 2009-11-24

D E C I S I O N


DEL CASTILLO, J.:

The imposition of an unconscionable rate of interest on a money debt, even if knowingly and voluntarily assumed, is immoral and unjust. It is tantamount to a repugnant spoliation and an iniquitous deprivation of property, repulsive to the common sense of man. It has no support in law, in principles of justice, or in the human conscience nor is there any reason whatsoever which may justify such imposition as righteous and as one that may be sustained within the sphere of public or private morals.[1]

In this Petition for Review on Certiorari,[2] petitioners assail the October 29, 2004 Decision[3] and...