Text of the provision
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 per cent per annum.
(1108)
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
If the obligation consists in the payment of a sum of money and the debtor incurs delay, the indemnity for damages — absent a stipulation — is the payment of the agreed interest, or in its absence, the legal interest.
Questions about this provision
Related provisions
- Article 2208 — When Attorney's Fees Are Recoverable.
- Article 2210 — Discretionary Interest on Damages.
Cases citing this article
- Lara’s Gifts & Decors, Inc. vs. Midtown Industrial Sales, Inc, G.R. No. 225433, August 28, 2019 — read the decision on LawPhil →
- S.C. Megaworld Construction and Development Corporation vs. Engr. Luis U. Parada, represented by Engr. Leonardo A. Parada of Genlite Industries, G.R. No. 183804, September 11, 2013 — read the decision on LawPhil →
- Republic of the Philippines, represented by the Department fo Public Works and Highways, G.R. No. 211666, February 25, 2015 — read the decision on LawPhil →
- Ece Realty & Development, Inc. vs. Haydyn Hernandez, G.R. No. 212689, August 6, 2014 — read the decision on LawPhil →
- Hun Hyung Park vs. Eung Won Choi, G.R. No. 220826, March 27, 2019 — 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.