Back to Search
JurisprudenceG.R. No. 112563 -

EXPOCRAFT INTERNATIONAL, VS. COURT OF APPEALS AND

Cited Laws

RA 306RA 174,RA 244,
Share:

TL;DR — Ruling

WHEREFORE, judgment is hereby rendered in plaintiff's favor against defendant, and it is hereby ordered that: (1) An immediate independent audit of the books and records of `EXPOCRAFT INTERNATIONAL' for the period from October 15, 1972 to December 31, 1977, be conducted for the purpose of determining plaintiff's 1/3 share in the said business; (2) After plaintiff's share has been so determined, defendant shall immediately pay and/or deliver to plaintiff such amount equivalent to the value of pla…

Decision

Ruling

WHEREFORE, judgment is hereby rendered in plaintiff's favor against defendant, and it is hereby ordered that: (1) An immediate independent audit of the books and records of `EXPOCRAFT INTERNATIONAL' for the period from October 15, 1972 to December 31, 1977, be conducted for the purpose of determining plaintiff's 1/3 share in the said business; (2) After plaintiff's share has been so determined, defendant shall immediately pay and/or deliver to plaintiff such amount equivalent to the value of plaintiff's aforesaid share, with interest at the legal rate computed from December 31, 1977, until this obligation is fully complied with; (3) To pay plaintiff the following amounts: (a) P50,000.00 as moral damages; (b) P30,000.00 as attorney's fees and expenses of litigation; and (b) The cost of the suit. SO ORDERED.