Back to Search
JurisprudenceG.R. NO. 154975 -

G.R. NO. 154975 - GENERAL CREDIT CORPORATION (NOW PENTA CAPITAL FINANCE CORPORATION), VS. ALSONS DEVELOPMENT AND INVESTMENT CORPORATION AND CCC EQUITY CORPORATION.

Cited Laws

RA 335,RA 102RA 638RA 669,RA 263RA 145RA 445RA 259RA 134RA 480RA 571RA 15RA 101RA 157,RA 45RA 529RA 713,
Share:

TL;DR — Ruling

WHEREFORE, the foregoing premises considered, judgment is hereby rendered in favor of plaintiff [ALSONS] and against the defendants [EQUITY and GCC] who are hereby ordered, jointly and severally, to pay plaintiff: the principal sum of Two Million Pesos (P2,000,000.00) together with the interest due thereon at the rate of eighteen percent (18%) annually computed from Jan.

Decision

Ruling

WHEREFORE, the foregoing premises considered, judgment is hereby rendered in favor of plaintiff [ALSONS] and against the defendants [EQUITY and GCC] who are hereby ordered, jointly and severally, to pay plaintiff: the principal sum of Two Million Pesos (P2,000,000.00) together with the interest due thereon at the rate of eighteen percent (18%) annually computed from Jan. 2, 1981 until the obligation is fully paid; liquidated damages due thereon equivalent to three percent (3%) monthly computed from January 2, 1982 until the obligation is fully paid; attorneys fees in an amount equivalent to twenty four percent (24%) of the total obligation due; and the costs of suit. IT IS SO ORDERED.