Text of the provision
Art. 1958. In the determination of the interest, if it is payable in kind, its value shall be appraised at the current price of the products or goods at the time and place of payment.
(n)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
Where interest is payable in kind, it is appraised at the current price of the goods at the time and place of payment.
Related provisions
- Article 1957 — Void Usury-Circumventing Contracts.
- Article 1959 — Interest on Interest (Compounding).
Cases citing this article
- Fernando Gabatin, et al. vs. Land Bank of the Philippines, G.R. No. 148223, November 25, 2004 — read the decision on LawPhil →
- Spouses Benito Baysa and Victoria Baysa vs. Spouses Fidel Plantilla and Susan Plantilla, etc, G.R. No. 159271, July 13, 2015 — read the decision on LawPhil →
- Land Bank of the Philippines vs. Manuel O. Gallego, Jr., et al, G.R. No. 173226, January 20, 2009 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.