Page 535 - Important Provisions of The New Civil Code

Article 2209. If the obligation consists in the

payment of a sum of money, and the debtor

incurs in delay, the indemnity for damages,

there being no stipulation to the contrary, shall

be the payment of the interest agreed upon,

and in the absence of stipulation, the legal

interest, which is six per cent per annum. (1108)

Article 2210. Interest may, in the discretion of

the court, be allowed upon damages awarded

for breach of contract.

Article 2211. In crimes and quasi-delicts,

interest as a part of the damages may, in a

proper case, be adjudicated in the discretion of

the court.