G.R. No. 128703 - TEODORO BAÑAS,[*] C. G. DIZON CONSTRUCTION, INC., AND CENEN DIZON, VS. ASIA PACIFIC FINANCE CORPORATION,[1] SUBSTITUTED BY INTERNATIONAL CORPORATE BAN NOW KNOWN AS UNION BANK OF THE PHILIPPINES. D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE , no reversible error having been committed by the Court of Appeals, its assailed Decision of 24 July 1996 and its Resolution of 21 March 1997 are AFFIRMED. Accordingly, petitioners C.G. Construction Inc. and Cenen Dizon are ordered jointly and severally to pay respondent Asia Pacific Finance Corporation, substituted by International Corporate Bank (now known as Union Bank of the Philippines), P87,637.50 representing the unpaid balance on the Promissory Note , with interest at fourteen percent (14%) per annum computed from 20 March 1981 until fully paid, and fifteen percent (15%) of the principal obligation and interests due by way of attorney's fees. Costs against petitioners. SO ORDERED.