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JurisprudenceG.R. No. 198588 -

G.R. No. 198588 - UNITED MERCHANTS CORPORATION, VS. COUNTRY BANKERS INSURANCE CORPORATION.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 85RA 617RA 115RA 417RA 480
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TL;DR — Ruling

WHEREFORE, judgment is hereby rendered in favor of plaintiff and ordering defendant to pay plaintiff: a) the sum of P43,930,230.00 as indemnity with interest thereon at 6% per annum from November 2003 until fully paid; b) the sum of P100,000.00 for exemplary damages; c) the sum of P100,000.00 for attorney’s fees; and d) the costs of suit.

Decision

Ruling

WHEREFORE, judgment is hereby rendered in favor of plaintiff and ordering defendant to pay plaintiff: a) the sum of P43,930,230.00 as indemnity with interest thereon at 6% per annum from November 2003 until fully paid; b) the sum of P100,000.00 for exemplary damages; c) the sum of P100,000.00 for attorneys fees; and d) the costs of suit. Defendants counterclaim is denied for lack of merit. SO ORDERED.