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JurisprudenceG.R. NO. 156364 -

G.R. NO. 156364 - JACOBUS BERNHARD HULST, VS. PR BUILDERS, INC..

Cited Laws

RA 395,RA 309,RA 380,RA 78,RA 1,RA 462,RA 341,RA 751,RA 424RA 564,RA 383,RA 586,RA 560,RA 424,RA 44,RA 65,RA 154,RA 206,RA 55,RA 136,
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TL;DR — Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the complainant, rescinding the Contract to Sell and ordering respondent to: 1) Reimburse complainant the sum of P3,187,500.00, representing the purchase price paid by the complainants to P.R. Builders, plus interest thereon at the rate of twelve percent (12%) per annum from the time complaint was filed; 2) Pay complainant the sum of P297,000.

Decision

Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the complainant, rescinding the Contract to Sell and ordering respondent to: 1) Reimburse complainant the sum of P3,187,500.00, representing the purchase price paid by the complainants to P.R. Builders, plus interest thereon at the rate of twelve percent (12%) per annum from the time complaint was filed; 2) Pay complainant the sum of P297,000.00 as actual damages; 3) Pay complainant the sum of P100,000.00 by way of moral damages; 4) Pay complainant the sum of P150,000.00 as exemplary damages; 5) P50,000.00 as attorney's fees and for other litigation expenses; and 6) Cost of suit. SO ORDERED.