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JurisprudenceG.R. No. 143772 -

G.R. No. 143772 - DEVELOPMENT BANK OF THE PHILIPPINES, VS. PRUDENTIAL BANK.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 532
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TL;DR — Ruling

WHEREFORE, judgment is hereby rendered ordering defendant DEVELOPMENT BANK OF THE PHILIPPINES to pay plaintiff PRUDENTIAL BANK: a) P3,261,834.00, as actual damages, with interest thereon computed from 10 August 1985 until the entire amount shall have been fully paid; b) P50,000.00 as exemplary damages; and c) 10% of the total amount due as and for attorney's fees. SO ORDERED.

Decision

Ruling

WHEREFORE, judgment is hereby rendered ordering defendant DEVELOPMENT BANK OF THE PHILIPPINES to pay plaintiff PRUDENTIAL BANK: a) P3,261,834.00, as actual damages, with interest thereon computed from 10 August 1985 until the entire amount shall have been fully paid; b) P50,000.00 as exemplary damages; and c) 10% of the total amount due as and for attorney's fees. SO ORDERED.