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JurisprudenceG.R. No. 194781 -

G.R. No. 194781 - RGM INDUSTRIES, INC., VS. UNITED PACIFIC CAPITAL CORPORATION.R E S O L U T I O N - Supreme Court E-Library

Cited Laws

RA 412
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TL;DR — Ruling

WHEREFORE, premises considered, Judgment is hereby rendered for the (respondent) ordering the (petitioner) RGM Industries[,] Inc. as the Issuer of the consolidated promissory note, to pay (respondent) the amount of [P]27,668.167.87 representing the outstanding principal obligation plus interest at the rate of 32% per annum and penalty charges at the rate of 8% per month from date of default on the consolidated promissory note until fully paid, and an amount equivalent to 25% of the amount due as…

Decision

Ruling

WHEREFORE, premises considered, Judgment is hereby rendered for the (respondent) ordering the (petitioner) RGM Industries[,] Inc. as the Issuer of the consolidated promissory note, to pay (respondent) the amount of [P]27,668.167.87 representing the outstanding principal obligation plus interest at the rate of 32% per annum and penalty charges at the rate of 8% per month from date of default on the consolidated promissory note until fully paid, and an amount equivalent to 25% of the amount due as and for attorney's fees, and to pay the costs of suit. SO ORDERED.