G.R. No. 154974 - KAUNLARAN LENDING INVESTORS, INC. AND LELIA CHUA SY, vs. LORETA UY.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, judgment is hereby rendered: Dismissing the complaint as against defendants Kaunlaran Lending Investors Inc., Lelia Chua Sy and Magno F. Zareno; Declaring the Real Estate Mortgage, Promissory Note and related documents in question valid and legal; Ordering the plaintiff to pay to defendant Kaunlaran Lending Investors, Inc. the principal amount of P800,000.00, plus interest at 48% per annum starting March 28, 1988 until fully paid; Ordering defendant Wilfredo Chua to pay to plaintiff : the amount of P800,000.00, plus interest at 12% per annum starting March 28, 1988, until fully paid; P100,000.00, as moral damages; P50,000.00, as exemplary damages; P20,000.00, as attorneys fees; and P3,000.00, as litigation expenses. SO ORDERED.