Practice question
Under the applicable post-July2013 framework, what generally happens to a final and executory monetary award until satisfaction?
- It bears six-percent annual legal interest from finality
- It necessarily bears no interest after finality
- It always doubles daily
- It becomes conventional interest negotiated by the judge
- It is automatically forgiven after one month
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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