Practice question
What specific annual interest does Section10 prescribe for covered placement-fee reimbursement as discussed in Sameer?
- 12%
- 0% in all cases
- 1%
- 50%
- 100%
Legal references
- RA10022 Section7 amending RA8042 Section10: https://lawphil.net/statutes/repacts/ra2010/ra_10022_2010.html
- Sameer Overseas v Cabiles GR170139 August5,2014 MAIN, specific placement-fee interest versus other awards and supporting bond: https://lawphil.net/judjuris/juri2014/aug2014/gr_170139_2014.html
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