Cited Laws
TL;DR — Ruling
WHEREFORE, the foregoing premises considered, judgment is hereby rendered in favor of the plaintiff and against the defendants Columbus Foods, Inc. and Pacific Meat Co., Inc., ordering them: To pay solidarily to the plaintiff the principal obligation of P2,957,270.
WHEREFORE, the foregoing premises considered, judgment is hereby rendered in favor of the plaintiff and against the defendants Columbus Foods, Inc. and Pacific Meat Co., Inc., ordering them: To pay solidarily to the plaintiff the principal obligation of P2,957,270.00, with interest thereon at the rate of 24% per annum starting July 26, 2001 until the same is fully paid; To pay solidarily the amount equivalent to 25% of the principal obligation, or P739,317.50, as attorney's fees and liquidated damages; and To pay the cost of suit. SO ORDERED.