G.R. No. 143276 - LANDBANK OF THE PHILIPPINES, VS. SPOUSES VICENTE BANAL AND LEONIDAS ARENAS-BANAL.

Ruling

WHEREFORE, judgment is hereby rendered as follows: Ordering respondent Landbank to pay the petitioners, the spouses Dr. Vicente Banal and Leonidas Arenas-Banal, for the 5.4730 hectares of coconut land the sum of SIX HUNDRED FIFTY-SEVEN THOUSAND ONE HUNDRED THIRTY-SEVEN PESOS ( P 657,137.00) in cash and in bonds in the proportion provided by law; Ordering respondent Landbank to pay the petitioners for the .7600 hectares of riceland the sum of FORTY-SIX THOUSAND PESOS ( P 46,000.00) in cash and in bonds in the proportion provided by law; and Ordering respondent Landbank to pay the petitioners the sum of SEVENTY-NINE THOUSAND SEVEN HUNDRED THIRTY-TWO PESOS ( P 79,732.00) as the compounded interest in cash. IT IS SO ORDERED.