G.R. No. 115734 -

Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the plaintiffs and against the defendants as follows: Declaring the simulated deed of absolute sale purportedly executed by the late Gaudencia Zarraga on August 24, 1980 as well as the issuance of the corresponding certificate of title in favor of the defendants null and void from the beginning; Ordering the Register of Deeds of Laguna, Calamba Branch to cancel Transfer Certificate of Title No. T-116087 issued in favor of the defendants and to issue another one, if feasible, in favor of the plaintiffs and the defendants as co-owners and legal heirs of the late Gaudencia Zarraga; Order(ing) the defendants to reconvey and deliver the possession of the shares of the plaintiff on (sic) the subject property; Ordering the defendants to pay the amount of P20,000 as and for attorneys fees and the costs of this suit. As there is no preponderance of evidence showing that the plaintiffs suffered moral and exemplary damages, their claim for such damages is hereby dismissed. The plaintiffs claim under the second cause of action is hereby dismissed on the ground of prescription. Likewise, the defendants counterclaim is hereby dismissed for lack of merit. "SO ORDERED.