Practice question
A judgment fixes a total monetary award that includes principal and other adjudged monetary components. Under the applicable finality rule, a debtor insists the postjudgment base must exclude every component except the original loan principal, regardless of the judgment’s award. Which is correct?
- The total monetary award is the relevant postjudgment base under the stated framework
- Only the first peso loaned can bear interest
- All other adjudged amounts must always be erased
- The total award automatically becomes a new voluntary loan contract
- Finality necessarily removes all monetary components
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1958–1959,2212.
- Nacar v Gallery Frames GR189871 August13,2013 MAIN: https://lawphil.net/judjuris/juri2013/aug2013/gr_189871_2013.html Final monetary judgment interest.
- Lara’s Gifts v Midtown GR225433 September20,2022 MAIN resolution: https://lawphil.net/judjuris/juri2022/sep2022/gr_225433_2022.html MAIN compensatory-interest framework and final monetary award.
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