G.R. No. 210043 - AYALA LAND, INC., VS. ASB REALTY CORPORATION AND E.M. RAMOS & SONS, INC..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises considered judgment is hereby rendered in favor of plaintiffs ASB Realty Corporation (ASB) and E.M. Ramos & Sons, Inc. (EMRASON) and against defendant Ayala Land and [sic] Inc. (ALI), and defendants Emerito B. Ramos, Jr., Januario [sic] B. Ramos, Josefa R. de la Rama, Victoria R. Tanjuatco, Horacio de la Rama, Teofilo Tanjuatco III, (Ramos children) as follows, viz [.]: DECLARING the Contract to Sell dated 18 May 1994 involving the "Dasmariñas Properties" entered into by defendant Ayala Land Inc. and defendant[s] Ramos children as null [and] void and unenforceable; DIRECTING the Register of Deeds for the Province of Cavite to CANCEL the annotation of the aforesaid " Contract to Sell" on the following Transfer Certificates[s] of Title Nos. 2.1 T-1985 2.7 T-1991 2.13 T-1997 2.2 T- 1986 2.8 T-1992 2.14 T-1998 2.3 T-1987 2.9 T-1993 2.15 T-1999 2.4 T-1988 2.10 T-1994 2.16 T-20806 2.5 T-1989 2.11 T-1995 2.17 T-45584 2.6 T-1990 2.12 T-1996 2.18 T-16444 DECLARING the "Letter-Agreement" dated 21 May 1994 entered into by ASB and EMRASON as valid, binding and enforceable; DENYING the claim of plaintiffs ASB and EMRASON for moral damages for lack of merit; ORDERING defendant Ayala Land Inc. and defendant[s] Ramos children to jointly and severally pay ASB and EMRASON the sum of Two [Hundred Fifty] Thousand Pesos (Php250,000.00) as and by way of exemplary damages; ORDERING defendant Ayala Land Inc. and defendant[s] Ramos children to jointly and severally pay ASB and EMRASON the sum of Two [Hundred Fifty] Thousand Pesos (Php250.000.00) as and by way of temperate damages; ORDERING defendant Ayala Land Inc. and defendant[s] Ramos children to jointly and severally pay ASB and EMRASON the sum of One Hundred Fifty Thousand Pesos (Php150,000.00) as and by way of nominal damages; ORDERING defendant Ayala Land Inc. and defendant[s] Ramos children to jointly and severally pay ASB and EMRASON the sum of Two Hundred Thousand Pesos (Php200,000.00) as and by way of attorney's fees; ORDERING defendant Ayala Land Inc. and defendant[s] Ramos children to jointly and severally pay ASB and EMRASON the costs of suit; DENYING the respective Counter-claims of defendant Ayala Land Inc. and defendant[s] Ramos children against plaintiff[s] ASB and EMRASON for lack of factual and legal basis; [and] DENYING the respective Crossclaims of defendant Ayala Land Inc. and defendant[s] Ramos children against one another for lack of merit. SO ORDERED.