Civil Law, 2016 Bar — Question II-B

ESSAY

With regard to an award of interest in the concept of actual and compensatory damages, please state the guidelines regarding the manner of computing legal interest in the following situations: (B) when the obligation does not constitute a loan or forbearance of money. (2.5%) Consider the issuance of BSP-MB Circular No. 799, which became effective on July 1, 2013.

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