Philippines  |  Business Law

Legal Question

Asked on: 6/27/12, 7:44 pm

Can a corporation created under SPC (Special Purpose Corp) do business as home funding institution that adopts 10.5 % rate of interest, ask for exhorbitant miscellaneous fees at 5% interest base on the contract price and not the outstanding payment due and does not issue official receipt because of an on going legal case?

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