G.R. No. 169975 - PAN PACIFIC SERVICE CONTRACTORS, INC. AND RICARDO F. DEL ROSARIO, VS. EQUITABLE PCI BANK (FORMERLY THE PHILIPPINE COMMERCIAL INTERNATIONAL BANK).D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the plaintiffs and against the defendant as follows: Declaring the promissory note (Exhibit "B") null and void; Ordering the defendant to pay the plaintiffs the following amounts: P1,389,111.10 representing unpaid balance of the adjustment price, with interest thereon at the legal rate of twelve (12%) percent per annum starting May 6, 1994, the date when the complaint was filed, until the amount is fully paid; P100,000.00 representing moral damages; P50,000.00 representing exemplary damages; and P50,000.00 as and for attorney's fees. Dismissing defendant's counterclaim, for lack of merit; and With costs against the defendant. SO ORDERED.