G.R. No. 174149 - J. TIOSEJO INVESTMENT CORP., VS. SPOUSES BENJAMIN AND ELEANOR ANG.D E C I S I O N - Supreme Court E-Library

Ruling

Wherefore, the petition for review of the respondent Corporation is dismissed. However, the decision of the Office below dated July 30, 2003 is modified, hence, its dispositive portion shall read: Declaring the contracts to sell, both dated February 5, 1997, as cancelled and rescinded, and ordering the respondents to immediately pay the complainants the following: The amount of P611,519.52, with interest at the legal rate reckoned from February 5, 1997 until fully paid; Damages of P75,000.00; Attorney's fees equivalent to P30,000.00; and The Cost of suit; Ordering respondents to pay this Office administrative fine of P10,000.00 for violation of Section 20 in relation to Section 38 of P.D. 957; and Ordering respondent Primetown to reimburse the entire amount which the respondent Corporation will be constrained to pay the complainants. So ordered.