1/5/2021 E-Library - Information At Your Fingertips: Printer Friendly Phil. 236 (1994). [38] Art. 2209. If the obligation consists in the payment of a sum of money, and the debtor incurs in delay, the indemnity for damages, there being no stipulation to the contrary, shall be the payment of the interest agreed upon, and in the absence of stipulation, the legal interest, which is six [percent] per annum. [39] Lara's Gifts & Decors, Inc. v. Midtown Industrial Sales, Inc., supra note 36. [40] G.R. No. 220826, March 27, 2019. [41] Art. 2212. Interest due shall earn legal interest from the time it is judicially demanded, although the obligation may be silent upon this point. [42] As imposed by the Bangko Sentral ng Pilipinas' Monetary Board Circular No. 799, series of 2013. Source: Supreme Court E-Library This page was dynamically generated by the E-Library Content Management System (E-LibCMS) https://elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/65786 10/10