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An extraordinary inflation or deflation can affect an obligation if there is an official declaration from the BSP, the obligation was contractual in nature, and the parties expressly agreed to consider the effects of the extraordinary inflation or deflation. Respondents must pay their dollar-denominated loans at the exchange rate fixed by the BSP on the date of maturity.
An extraordinary inflation or deflation can affect an obligation if there is an official declaration from the BSP, the obligation was contractual in nature, and the parties expressly agreed to consider the effects of the extraordinary inflation or deflation. Respondents must pay their dollar-denominated loans at the exchange rate fixed by the BSP on the date of maturity.
An extraordinary inflation or deflation can affect an obligation if there is an official declaration from the BSP, the obligation was contractual in nature, and the parties expressly agreed to consider the effects of the extraordinary inflation or deflation. Respondents must pay their dollar-denominated loans at the exchange rate fixed by the BSP on the date of maturity.
1. offici{l cl{{tio fom th BSP 2. o li{tio w{s co t{ctu{l i {tu . p{tis pssl { to co si th ffcts of th t{oi { i fl{tio o fl{tio
esponents mae to pay their ollarenominate loans at the exhange rate ixe by the B P on the ate o mat rity (time o payment)