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JurisprudenceG.R. No. 200299 -

G.R. No. 200299 - SPOUSES JUAN CHUY TAN AND MARY TAN (DECEASED) SUBSTITUTED BY THE SURVIVING HEIRS, JOEL TAN AND ERIC TAN, VS. CHINA BANKING CORPORATION.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 283,RA 432,
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TL;DR — Ruling

WHEREFORE, premises considered, judgment is rendered ordering the defendants to pay [China Bank], jointly and severally, the following: [T]he amount of £29,258,179.81 representing the deficiency claim as of August 10, 1998 plus penalties accruing thereafter at the rate of 2% per month until fully paid; 5% of the total amount due as Attorney's [F]ees; Expenses of litigation and cost of suit. SO ORDERED.

Decision

Ruling

WHEREFORE, premises considered, judgment is rendered ordering the defendants to pay [China Bank], jointly and severally, the following: [T]he amount of £29,258,179.81 representing the deficiency claim as of August 10, 1998 plus penalties accruing thereafter at the rate of 2% per month until fully paid; 5% of the total amount due as Attorney's [F]ees; Expenses of litigation and cost of suit. SO ORDERED.