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[Title] => Mutually binding
[Summary] => The contract is the law between the parties. They are bound by whatever terms are contained therein as long as they freely and voluntarily consented to them by affixing their signature thereon. This is the rule reiterated once more in this case between LVC Corp. and CEM Corp.
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abtest
By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | September 16, 2004 - 12:00am
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The Marcos administration’s debt service burden rose to P97 billion in May after the government ramped up amortization and interest payments, the Bureau of the Treasury (BTr) reported.
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More banks are expected to waive or lower electronic transfer fees in the coming days after two lenders moved to make InstaPay transactions free for their digital banking customers, the Bangko Sentral ng Pilipinas said.
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Digital bank Maya is lowering its InstaPay transfer fee to other banks from P15 to P10, joining a growing number of financial institutions reducing the cost of electronic fund transfers.
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The non-performing loan (NPL) ratio of banks climbed to its highest level in nine months in May as bad loans continued to increase, reflecting normalization in asset quality and the delayed impact of previously high interest rates on borrowers.
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