G.R. NO. 162270 - ABACUS REAL ESTATE DEVELOPMENT CENTER, INC., VS. THE MANILA BANKING CORPORATION.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the plaintiff as follows: Ordering the defendant [Manila Bank] to immediately sell to plaintiff the parcel of land and building, with an area of 1,435 square meters and covered by TCT No. 132935 of the Makati Registry of Deeds, situated along Sen. Gil J. Puyat Ave. in Makati City, at the price of One Hundred Fifty Million (P150,000.000.00) Pesos in accordance with the said exclusive option to purchase, and to execute the appropriate deed of sale therefor in favor of plaintiff; Ordering the defendant [Manila Bank] to pay plaintiff the amount of Two Million (P2,000,000.00) Pesos representing reasonable attorney's fees; Ordering the DISMISSAL of defendant's counterclaim, for lack of merit; and With costs against the defendant. SO ORDERED.