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Briones v. Cammayo: Usurious Loan Ruling

Cammayo took a loan of 1,200 php from Briones but was charged an additional 300 php in interest, making the total loan amount 1,500 php. Cammayo paid Briones 330 php over the course of 10 months, but Briones refused to acknowledge these payments as going towards the principal loan. The court ruled that while the usurious interest charge was void, the principal loan amount of 1,200 php was valid. Therefore, Briones could recover the principal loan amount but not any usurious interest charged.

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Joycee Armillo
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92 views3 pages

Briones v. Cammayo: Usurious Loan Ruling

Cammayo took a loan of 1,200 php from Briones but was charged an additional 300 php in interest, making the total loan amount 1,500 php. Cammayo paid Briones 330 php over the course of 10 months, but Briones refused to acknowledge these payments as going towards the principal loan. The court ruled that while the usurious interest charge was void, the principal loan amount of 1,200 php was valid. Therefore, Briones could recover the principal loan amount but not any usurious interest charged.

Uploaded by

Joycee Armillo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
  • Facts
  • Issue
  • Ruling

Briones vs.

Cammayo
G.R. No. L-23559
 Facts
 Defendants executed the real estate mortgage, as security for the loan of P1,200.00 given to
defendant Cammayo upon the usurious agreement that defendant pays to the plaintiff and that the
plaintiff reserve and secure, as in fact plaintiff reserved and secured himself, out of the alleged
loan of P1,500.00 as interest the sum of P300.00 for one year
 That although the mortgage contract, was executed for securing the payment of P1,500.00 for a
period of one year, without interest, the truth and the real fact is that plaintiff delivered to the
defendant Primitivo P. Cammayo only the sum of P1,200.00 and withheld the sum of P300.00
which was intended as advance interest for one year
 That on account of said loan of P1,200.00, defendant Primitivo P. Cammayo paid to the plaintiff
during the period from October 1955 to July 1956 the total sum of P330.00 which plaintiff,
illegally and unlawfully refuse to acknowledge as part payment of the account but as in interest of
the said loan for an extension of another term of one year
Briones vs. Cammayo
G.R. No. L-23559
 Issue
 Whether or not Briones can recover the amount of 1,500 php?
Briones vs. Cammayo
G.R. No. L-23559
 Ruling
 The Loan is valid but only the usurious interest is void.
 The creditor has the right to recover the principal loan.
 In simple loan with stipulation of usurious interest, the prestation of the debtor to pay the
principal debt, which is the cause of the contract. The illegality lies only in the prestation to pay
the stipulated interest

Briones vs. Cammayo G.R. No. L-23559  Facts  Defendants executed the real estate mortgage, as security for the loan of P1,2
Briones vs. Cammayo G.R. No. L-23559  Issue  Whether or not Briones can recover the amount of 1,500 php?
Briones vs. Cammayo G.R. No. L-23559  Ruling  The Loan is valid but only the usurious interest is void.  The creditor has

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