Back to Search
JurisprudenceG.R. No. 228356 -

G.R. No. 228356 - MERIAN B. SANTIAGO, VS. SPOUSES EDNA L. GARCIA AND BAYANI GARCIA.DECISION - Supreme Court E-Library

Cited Laws

RA 9474RA 9474,
Share:

TL;DR — Ruling

WHEREFORE, the petition is GRANTED . The Decision dated January 26, 2016 and the Resolution dated November 11, 2016 of the Court of Appeals are REVERSED and SET ASIDE . Spouses Edna L. Garcia and Bayani Garcia are ORDERED to PAY Merian B.

Decision

Ruling

WHEREFORE, the petition is GRANTED . The Decision dated January 26, 2016 and the Resolution dated November 11, 2016 of the Court of Appeals are REVERSED and SET ASIDE . Spouses Edna L. Garcia and Bayani Garcia are ORDERED to PAY Merian B. Santiago the principal amount of One Million Five Hundred Forty-Nine Thousand Pesos (P1,549,000.00) with interest at the rate of 12% per annum from January 20, 2004, the date of extrajudicial demand, until June 30, 2013, and at the rate of 6% per annum from July 1, 2013, until full payment. SO ORDERED.